Five (5) weeks accrual Sample Clauses

The "Five (5) weeks accrual" clause establishes that an employee is entitled to accumulate up to five weeks of a particular benefit, typically paid annual leave, over a specified period, usually a year. In practice, this means that for each year of service, the employee earns leave time that totals five weeks, which can be taken as time off or, in some cases, paid out if unused. This clause ensures employees have a clear entitlement to a set amount of leave, promoting work-life balance and providing certainty for both employer and employee regarding time-off benefits.
Five (5) weeks accrual. Employees shall accrue five (5) weeks of vacation annually after the completion of 520 full-time biweekly pay periods (20 years) of continuous employment, up to a maximum balance of ten (10) weeks.
Five (5) weeks accrual. 7.692 hours for each biweekly pay period on paid status after completion of 520 biweekly pay periods of continuous employment up to a maximum accrual of 400 hours.