Common use of How Accumulated Clause in Contracts

How Accumulated. (i) A credit of one (1) day shall be given for each four (4) month segment of the calendar year (January to April, May to August, September to December) in which the employee has no absences on Short Term Disability, which may be accumulated to a maximum of 120 working days. An absence that commences in one four month segment and continues into the next segment shall, for the purposes of gratuity credits, be treated as an absence in the first segment only. No credits shall be given in a calendar year in which an employee is absent for six (6) or more days of Short Term Disability. No credits shall be given for a four (4) month segment where an employee is absent for the entire segment on Medium Term or Long Term Disability. (ii) The total gratuity credited to each employee at December 31st of each calendar year will remain to such employee's credit regardless of time lost in any subsequent year through illness or any other reason.

How Accumulated. (i) A credit of one (1) day shall be given for each four (4) month segment of the calendar year (January to April, May to August, September to December) in which the employee has no absences on Short Term Disability, which may be accumulated to a maximum of 120 one hundred twenty (120) working days. An absence that commences in one four month segment and continues into the next segment shall, for the purposes of gratuity credits, be treated as an absence in the first segment only. No credits shall be given in a calendar year in which an employee is absent for six (6) or more days of Short Term Disability. No credits shall be given for a four (4) month segment where an employee is absent for the entire segment on Medium Term or Long Term Disability. (ii) The total gratuity credited to each employee at December 31st of each calendar year will remain to such employee's credit regardless of time lost in any subsequent year through illness or any other reason.