Limitation on Accumulation of Vacation Sample Clauses

Limitation on Accumulation of Vacation. Earned vacation may not accumulate beyond three years. Unused vacation days beyond two years shall not create any obligation on the part of the Village. It is specifically provided, however, that if an employee is unable to take earned vacation prior to the end of the two year period because of absence due to illness or injury or because it has not been possible for the employee to take earned vacation time during said two year period, the employee shall be permitted to carry over earned vacation beyond two years, with the understanding that the employee shall use, if possible, such earned vacation in the year in which the employee returns to work or in the immediately following year, whichever is applicable.
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Limitation on Accumulation of Vacation. Earned vacations may not accumulate beyond three years. Unused vacation days beyond three years shall not create any obligation on the part of the Village.
Sample 1
Limitation on Accumulation of Vacation. Earned vacation shall normally be taken within one year after it is earned. Earned vacation may not be accumulated from one year to another unless reasonably authorized in writing by the Fire Chief. Under no circumstances may more than two years’ vacation be accumulated.
Sample 1
Limitation on Accumulation of Vacation. Annual vacations are to be taken in the calendar year in which earned, provided that a maximum of up to 80 hours of earned vacation may be carried over from one year to the next year.‌
Sample 1
Limitation on Accumulation of Vacation. Annual vacations should normally be taken within the 12-month period after completion of the year in which earned. An employee shall have the right to carryover not more than ten (10) vacation days. Any vacation carryover in excess of ten (10) vacation days requires the express written authorization from the Superintendent or the Superintendent's designee. In no event shall the maximum vacation carryover exceed twenty (20) vacation days.
Sample 1
Limitation on Accumulation of Vacation. ‌ Annual vacations must be taken within the 12-month period in which earned unless written authorization extending this period is obtained from the Superintendent or the Superintendent's designee. Since carrying over vacation from one year to the next is an exception, such requests will only be considered for special and/or extenuating circumstances. In no event shall the maximum vacation carryover exceed seven (7) working days. Employees in their first year of employment that start after January 1 will be allowed to carry vacation time into the new year due to the stipulation that vacation leave cannot be used during the first six (6) months of employment. All vacation time carried over must be used within the next school year.
Sample 1
Limitation on Accumulation of Vacation. Unless written permission is granted in writing by the Village Manager due to extraordinary circumstances, all of the annual vacation leave to which an employee is entitled shall expire at the end of that calendar year. The employee may request and the Village Manager may approve up to one (1) week of unused vacation leave to be paid out at the end of the year, if the unused vacation is due to extenuating circumstances.
Sample 1
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Limitation on Accumulation of Vacation. Earned vacation may not be accumulated from one year to another unless the Police Chief approves in writing cancellation of a previously scheduled vacation due to unforeseen circumstances or employee illness and said canceled vacation cannot be conveniently rescheduled prior to the end of the year.
Sample 1
Limitation on Accumulation of Vacation. Earned but unused vacation may be accumulated from one calendar year to another not to exceed fifteen (15) days, with the exception of the carryover of hours for calendar year 2021 for officers hired prior to the ratification of the contract. Unused vacation shall be compensable.
Sample 1

Related to Limitation on Accumulation of Vacation

  • Vacation Accumulation (a) Vacations are not cumulative from year to year. (b) Notwithstanding the above, the Employer may grant a special request from an employee to carryover a maximum of five (5) vacation days into the next year. The employee shall specify in her request to the Employer the purpose for which she is seeking the carryover. (c) During the first year of employment, a full time employee with at least six

  • Limitation on Benefits Notwithstanding anything to the contrary contained in this Agreement, to the extent that any of the payments and benefits provided for under this Agreement or any other agreement or arrangement between the Company and the Executive (collectively, the “Payments”) (i) constitute a “parachute payment” within the meaning of Section 280G of the Code and (ii) but for this Section 9(i), would be subject to the excise tax imposed by Section 4999 of the Code, then the Payments shall be payable either (i) in full or (ii) as to such lesser amount which would result in no portion of such Payments being subject to excise tax under Section 4999 of the Code; whichever of the foregoing amounts, taking into account the applicable federal, state and local income taxes and the excise tax imposed by Section 4999, results in the Executive’s receipt on an after-tax basis, of the greatest amount of benefits under this Agreement, notwithstanding that all or some portion of such benefits may be taxable under Section 4999 of the Code. Unless the Executive and the Company otherwise agree in writing, any determination required under this Section shall be made in writing by the Company’s independent public accountants (the “Accountants”), whose determination shall be conclusive and binding upon the Executive and the Company for all purposes. For purposes of making the calculations required by this Section, the Accountants may make reasonable assumptions and approximations concerning applicable taxes and may rely in reasonable, good faith interpretations concerning the application of Sections 280G and 4999 of the Code. The Company and the Executive shall furnish to the Accountants such information and documents as the Accountants may reasonably request in order to make a determination under this Section. The Company shall bear all costs the Accountants may reasonably incur in connection with any calculations contemplated by this Section. If the limitation set forth in this Section 9(i) is applied to reduce an amount payable to the Executive, and the Internal Revenue Service successfully asserts that, despite the reduction, the Executive has nonetheless received payments which are in excess of the maximum amount that could have been paid to the Executive without being subjected to any excise tax, then, unless it would be unlawful for the Company to make such a loan or similar extension of credit to the Executive, the Executive may repay such excess amount to the Company as though such amount constitutes a loan to the Executive made at the date of payment of such excess amount, bearing interest at 120% of the applicable federal rate (as determined under section 1274(d) of the Code in respect of such loan).

  • Limitation on Amount The Employee's salary reduction contributions: (Choose (i) or at least one of (ii) or (iii)) (i) No maximum limitation other than as provided in the Plan. [X] (ii) May not exceed 15% of Compensation for the Plan Year, -- subject to the annual additions limitation described in Part 2 of Article III and the 402(g) limitation described in Section 14.07 of the Plan. [X] (iii) Based on percentages of Compensation must equal at least 1%. --

  • 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:

  • Accumulation of Vacation Leave For each month of a fiscal year in which an employee receives ten (10) days pay, he shall earn vacation leave at the following rates:

  • Sick Leave Accumulation (a) An employee is eligible to accumulate sick leave with full pay at the rate of 16 working hours for each 173 1/3 hours of service. (b) The maximum number of days of sick leave which may be awarded to an employee during any consecutive twenty (20) year period of service shall not exceed 3840 hours.

  • Limitation on Additional Amounts, etc Notwithstanding anything to the contrary contained in Sections 1.10, 1.11, 2.06 or 4.04 of this Agreement, unless a Bank gives notice to the Borrowers that it is obligated to pay an amount under any such Section within one year after the later of (x) the date the Bank incurs the respective increased costs, Taxes, loss, expense or liability, reduction in amounts received or receivable or reduction in return on capital or (y) the date such Bank has actual knowledge of its incurrence of the respective increased costs, Taxes, loss, expense or liability, reductions in amounts received or receivable or reduction in return on capital, then such Bank shall only be entitled to be compensated for such amount jointly and severally by the Borrowers pursuant to said Section 1.10, 1.11, 2.06 or 4.04, as the case may be, to the extent the costs, Taxes, loss, expense or liability, reduction in amounts received or receivable or reduction in return on capital are incurred or suffered on or after the date which occurs one year prior to such Bank giving notice to the Borrowers that it is obligated to pay the respective amounts pursuant to said Section 1.10, 1.11, 2.06 or 4.04, as the case may be. This Section 13.15 shall have no applicability to any Section of this Agreement other than said Sections 1.10, 1.11, 2.06 and 4.04.

  • Limitation on Payment of Funding Despite section 4.1, the Funder: (a) will not provide any funds to the HSP until this Agreement is fully executed; (b) may pro-rate the funds identified in Schedule A to the date on which this Agreement is signed, if that date is after April 1; (c) will not provide any funds to the HSP until the HSP meets the insurance requirements described in section 10.4; (d) will not be required to continue to provide funds in the event the HSP breaches any of its obligations under this Agreement, until the breach is remedied to the Funder’s satisfaction; and (e) upon Notice to the HSP, may adjust the amount of funds it provides to the HSP in any Funding Year based upon the Funder’s assessment of the information contained in the Reports.

  • Limitation on Payment of Funds Despite section A4.1: (a) the Province is not obligated to provide any Funds to the Recipient until the Recipient provides the certificates of insurance or other proof as the Province may request pursuant to section A10.2; (b) the Province is not obligated to provide instalments of Funds until it is satisfied with the progress of the Project; (c) the Province may adjust the amount of Funds it provides to the Recipient in any Funding Year based upon the Province’s assessment of the information the Recipient provides to the Province pursuant to section A7.1; or (d) if, pursuant to the Financial Administration Act (Ontario), the Province does not receive the necessary appropriation from the Ontario Legislature for payment under the Agreement, the Province is not obligated to make any such payment, and, as a consequence, the Province may: (i) reduce the amount of Funds and, in consultation with the Recipient, change the Project; or (ii) terminate the Agreement pursuant to section A12.1.

  • Limitation on Out of-State Litigation - Texas Business and Commerce Code § 272 This is a requirement of the TIPS Contract and is non-negotiable. Texas Business and Commerce Code § 272 prohibits a construction contract, or an agreement collateral to or affecting the construction contract, from containing a provision making the contract or agreement, or any conflict arising under the contract or agreement, subject to another state’s law, litigation in the courts of another state, or arbitration in another state. If included in Texas construction contracts, such provisions are voidable by a party obligated by the contract or agreement to perform the work. By submission of this proposal, Vendor acknowledges this law and if Vendor enters into a construction contract with a Texas TIPS Member under this procurement, Vendor certifies compliance.

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