Flexible Time Off (FTO) Accrual Rates Sample Clauses

Flexible Time Off (FTO) Accrual Rates. A. Regular employees shall accrue Flexible Time Off (FTO) at the following rates: B. FTO accrual for part-time employees is calculated each pay period based on the hours worked in the payroll period. For example, an employee who worked 60 hours during a payroll period would receive seventy-five percent of the applicable accrual rate for that period. C. Accrual rates will change the pay period coincident with or first following attainment of continuous service in accordance with 12.2 (A) above. Leave accrues during the period of time an employee is on paid leave. D. Additional accrual shall be canceled if the employee fails to return to duty upon completion of the employee’s authorized leave. E. Leave does not accrue during periods of Workers’ Compensation leave or leave without pay.
Sample 1
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Flexible Time Off (FTO) Accrual Rates. FTO for all regular employees shall accrue as follows: 1st Year 12 5.54 2 - 3 Years 14 6.46 4 Years 16 7.38 5 Years 18 8.31 6th - 10th Years 20 9.23 11th - 15th Years 22 10.15 16th and subsequent years 24 11.08 A. Accrual rates will change the pay period coincident with or first following attainment of continuous service seniority credit. Leave accrues during the period of time an employee is on paid leave. Such additional accrual shall be canceled if the employee fails to resume duty on completion of the employee’s authorized leave. Leave does not accrue during periods of Workers’ Compensation leave or leave without pay except as specified elsewhere in this Agreement.
Sample 1
Flexible Time Off (FTO) Accrual Rates. A. Regular employees shall accrue Flexible Time Off (FTO) at the following rates: Months of Service Hours per pay period 0 to 23 months 4.62 24 to 47 months 6.15 48 to 119 months 7.69 120 to 191 months 9.23 192+ months 10.77 B. FTO accrual for part-time employees is calculated each pay period based on the hours worked in the payroll period. For example, an employee who worked sixty (60) hours during a payroll period would receive seventy-five percent (75%) of the applicable accrual rate for that period. C. Accrual rates will change the pay period coincident with or first following attainment of continuous service in accordance with 12.2 (A) above. Leave accrues during the period of time an employee is on paid leave. D. Additional accrual shall be canceled if the employee fails to return to duty upon completion of the employee’s authorized leave. E. Leave does not accrue during periods of Workers’ Compensation leave or leave without pay.
Sample 1

Related to Flexible Time Off (FTO) Accrual Rates

  • Vacation Leave Accrual Rate Schedule Full Years of Service Hours Per Year

  • Vacation Accrual Rates Laid off employees who are re-employed shall have the vacation accrual rate they held immediately prior to layoff restored.

  • Accrual Rates All eligible employees shall accrue vacation pay according to the following rates:

  • Accrual Rate Compensatory time for employees will accrue at the rate of one and one-half hours for each one hour of overtime worked.

  • Accumulation of Vacation Leave Credits An employee shall earn vacation leave credits for each calendar month during which the employee receives pay for at least ten (10) days at the following rate:

  • HOLIDAY COMPENSATION FOR TIME WORKED 110. Employees required by their respective appointing officers to work on any of the above specified or substitute holidays, excepting Fridays observed as holidays in lieu of holidays falling on Saturday, shall be paid extra compensation of one additional day's pay at time-and-one-half the usual rate in the amount of 12 hours pay for 8 hours worked or a proportionate amount for less than 8 hours worked provided, however, that at the employee's request and with the approval of the appointing officer, an employee may be granted compensatory time off in lieu of paid overtime pursuant to the provisions of Section III.E.2. 111. Executive, administrative and professional employees designated in the Annual Salary Ordinance with the "Z" symbol shall not receive extra compensation for holiday work but may be granted time off equivalent to the time worked at the rate of-one-and-one-half times for work on the holiday.

  • Share Class Annual Compensation Rate Class R-1 1.00% Class R-2 0.75% Class R-2E 0.60% Class R-3 0.50% Class R-4 0.25% Class R-5 No compensation paid Class R-5E No compensation paid Class R-6 No compensation paid If you hold Plan accounts in an omnibus account (i.e., multiple Plans in one account on the books of the Funds), Plans that are added to the omnibus account after May 15, 2002 may invest only in R shares, and you must execute an Omnibus Addendum to the Selling Group Agreement, which you can obtain by calling our Home Office Service Team at 800/421-5475, extension 8.

  • Compensatory Time Off Utilization of compensatory time off shall be by mutual agreement between the department head and the employee. The smallest increment of compensatory time which may be taken off is six (6) minutes.

  • Part-time Vacation Pay If the Employer currently has the computer systems’ capability to implement bi- weekly vacation pay, they shall do so by the start of the next vacation year or earlier. Those Employers with no computer capability will endeavour to implement bi- weekly vacation pay if there is no significant administrative burden, by the start of the next vacation year or earlier. If the Employer does not so implement, it will provide reasons in writing to the Union. Where possible without extensive programming changes, the amount of vacation pay will be separately identified on the pay stub.

  • Vacation Leave Accrual ‌ After a full-time employee has been in pay status for eighty (80) non-overtime hours in a calendar month, the employee will accrue vacation leave according to the rate schedule below. Vacation leave accrual for part-time employees will be proportionate to the number of hours the part-time employee is in pay status during the month to that required for full-time employment.

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