Maximum Accrual and Payment Sample Clauses

Maximum Accrual and Payment. An employee may accumulate up to 2,080 hours of sick leave for use, or for retirement credit purposes, if such credit is available. No other compensation for accrued sick leave shall be provided to an employee except as provided for in Section 6.8 or 6.9 below.
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Maximum Accrual and Payment. No employee shall accumulate more than a maximum of 400 hours of vacation leave. Completed years of service shall include all periods of employment by Columbia County unless there is a break in service or a leave of absence without pay. Effective July 1, 2007, once every two years, employees may choose to be paid for one week (equal to the employee’s regular work week hours) of accrued vacation and/or compensatory leave, provided the employee has a combined accrued vacation/compensatory leave balance of at least 100 hours before the payout. The Federation explicitly, clearly and unmistakably agrees to the following waiver: Any amounts paid to employees under the terms of this section for accrued vacation and/or compensatory leave payouts are specifically not to be included in the calculation of an employee’s overtime rate.
Maximum Accrual and Payment. No employee shall accumulate more than a maximum of 400 hours of vacation leave. Once an employee’s vacation accrual balance reaches 400 hours, no additional hours shall accrue until the balance is below 400. For the purpose of accrual, the employee’s initial anniversary date shall be utilized, unless an employee was hired as a lateral transfer. Employees may choose to be paid for one week (equal to the employee’s regular work week hours) of accrued vacation and/or compensatory leave, provided the employee has a combined accrued vacation compensatory leave balance of at least 100 hours before the payout. This option may be exercised once every twelve (12) months. However, employees must notify their supervisor by March 1st in order for payment to be made in the following fiscal year. The County may refuse to pay employees under this provision if notice is not given by the employee by the required date. If the County cancels a pre-approved scheduled vacation leave and the employee is otherwise unable to utilize that leave before reaching the 400-hour cap, upon request from the employee, the County will pay the employee for the specific number of hours of leave cancelled and unable to be rescheduled which would otherwise exceed the 400-hour cap. The Union explicitly, clearly and unmistakably agrees to the following waiver: Any amounts paid to employees under the tenants of this section for accrued vacation and/or compensatory leave payouts are specifically not to be included in the calculation of an employee’s overtime rate.
Maximum Accrual and Payment. No employee shall accumulate more than a maximum of 400 hours of vacation leave. Completed years of service shall include all periods of employment by Columbia County unless there is a break in service or a leave of absence without pay. Once every year, employees may choose to be paid for two weeks (equal to the employee’s regular work week hours) of accrued vacation and/or compensatory leave, provided the employee has a combined accrued vacation/compensatory leave balance of at least 100 hours before the payout. Employees who wish to exercise this option must notify their supervisor by March 1 of each year in order for payment to be made during the following fiscal year. The County may refuse to pay employees under this provision if notice is not given by the employee by the required date. The Federation explicitly, clearly and unmistakably agrees to the following waiver: Any amounts paid to employees under the terms of this section for accrued vacation and/or compensatory leave payouts are specifically not to be included in the calculation of an employee’s overtime rate.
Maximum Accrual and Payment. An employee may accumulate an unlimited amount of sick leave. Sick leave is provided by the County solely in the nature of insurance against loss of income due to the reasons covered in Section 3 of this article. No compensation for accrued sick leave shall be provided for any employee for any other purpose, except as provided herein. Upon termination of the employee for any reason, (excluding punitive dismissal), or his death and the employee has completed one (1) continuous year of service, twenty-five (25) percent of up to nine hundred-sixty hours (960) of accumulated unused sick leave credit shall be paid, at the employee’s current salary rate, either to the employee, or in the event of his death, to his estate, upon completion of his/her probationary period. In order to be eligible for sick leave accrual, an employee must have worked or been on paid leave no less than eighty (80) hours in the month. The employee shall accrue sick leave when on paid leave, provided that the employee returns to work at the end of such leave.

Related to Maximum Accrual and Payment

  • Payment Amounts The aggregate Payments to be made in any fiscal year shall not exceed an amount that is equal to the corresponding Appropriated Amount. (For example, for the Payments due on December 1, 2022, and on June 1, 2023, the aggregate maximum amount of such Payments would be determined by the Appropriated Amount determined for certification by December 1, 2021.) Furthermore, the amount of each such Payment shall not exceed the amount of Incremental Property Tax Revenues (excluding allocations of “back-fill” or “make-up” (payments from the State of Iowa for property tax credits or roll-back) actually received by the City from the Dubuque County Treasurer attributable to the taxable incremental valuation of the Property in the six (6) months immediately preceding the extant Payment due date.

  • Determination of Rate of Interest and calculation of Interest Amounts The Agent will at or as soon as practicable after each time at which the Rate of Interest is to be determined, determine the Rate of Interest for the relevant Interest Period. The Agent will calculate the amount of interest (the Interest Amount) payable on the Floating Rate Notes for the relevant Interest Period by applying the Rate of Interest to:

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