Common use of Formula Clause in Contracts

Formula. An Employee's annual leave accrual shall be based upon a fraction of an hour accrual for each of the standard annual work hours schedule (e.g. 2080 hours for a 40 hour per week employee) as shown below in column 2:

Appears in 6 contracts

Samples: Collective Bargaining Agreement, Collective Bargaining Agreement, Collective Bargaining Agreement

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Formula. An Employee's annual leave accrual shall be based upon a fraction of an hour accrual for each of the standard annual work hours schedule (e.g. 2080 hours for a 40 hour per week employee) as shown below in column 2: 1. The Hourly Rate of Accrual, above, represents fractions of an hour accrual for each of the standard work hours schedule of 2080 hours per year. 2. References to accruals in days, above, indicate eight (8) hour days. 3. Annual leave may be accrued up to two and one half (2.5) times the employee’s annual accrual.

Appears in 5 contracts

Samples: Collective Bargaining Agreement, Collective Bargaining Agreement, Collective Bargaining Agreement

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Formula. An Employee's ’s annual leave accrual shall be based upon a fraction of an hour accrual for each of the standard annual work hours schedule (e.g. 2080 hours for a 40 hour per week employee) as shown below in column 2:

Appears in 1 contract

Samples: Collective Bargaining Agreement

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