Common use of – How Accrued Clause in Contracts

– How Accrued. ‌ Employees hired into 12-month positions for 260 days effective September 1, 2003, will accrue vacation at the following rate: Years of Employment* Ratio of Hours Earned to Regular Hours Paid Conversion to Days/Years Ratio 12 mo. Year 1 through 4 .0385 10 Year 5 through 10 .0577 15 During 11th year .0615 16 During 12th year .0654 17 During 13th year .0692 18 During 14th year .0731 19 During 15th year .0769 20 During 16th year .0808 21 During 17th year .0846 22 During 18th year .0885 23 During 19th year .0923 24 During 20th year and thereafter .0962 25 *While employed in a position earning a vacation.

– How Accrued. ‌ Effective September 1, 2003: Employees hired into 12-month positions for 260 days effective September 1, 2003, will accrue vacation at the following rate: Years of Employment* Ratio of Hours Earned to Regular Hours Paid Conversion to Days/Years Ratio 12 mo. Year 1 through 4 .0385 10 Year 5 through 10 .0577 15 During 11th year .0615 16 During 12th year .0654 17 During 13th year .0692 18 During 14th year .0731 19 During 15th year .0769 20 During 16th year .0808 21 During 17th year .0846 22 During 18th year .0885 23 During 19th year .0923 24 During 20th year and thereafter .0962 25 *While employed in a position earning a vacation.

– How Accrued. ‌ Effective September 1, 2003: Employees hired into 12-month positions for 260 days effective September 1, 2003, will accrue vacation at the following rate: Years of Employment* Ratio of Hours Earned to Regular Hours Paid Conversion to Days/Years Ratio 12 mo. Year 1 through 4 .0385 10 Year 5 through 10 .0577 15 During 11th year .0615 16 During 12th year .0654 17 During 13th year .0692 18 During 14th year .0731 19 During 15th year .0769 20 During 16th year .0808 21 During 17th year .0846 22 During 18th year .0885 23 During 19th year .0923 24 During 20th year and thereafter .0962 25 *While employed in a position earning a vacation.