Maximum Accumulation of Vacation Sample Clauses

Maximum Accumulation of Vacation. Vacation accrued but not used shall accumulate to a maximum of eight hundred and forty (840) hours on June 30 of any calendar year. If an employee has, as of June 30, an amount of vacation in excess of eight hundred and forty (840) hours, the excess shall be deducted from the employee's vacation balance. However, if circumstances cause the Employer to refuse an employee's timely request for vacation, the amount of vacation refused will be carried over.
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Maximum Accumulation of Vacation. 1. Vacation time may be accumulated to a maximum of twice the unit employee’s annual accrual. Vacation accrued after reaching the maximum balance shall be paid to the unit employee in the regular paycheck for each pay period.
Maximum Accumulation of Vacation. Vacation accrued but not used shall accumulate to a maximum of eight hundred and forty (840) hours on June 30 of any calendar year. If a Deck Officer has, as of June 30, an amount of vacation in excess of eight hundred and forty (840) hours, the excess shall be deducted from the Deck Officer's vacation balance and paid to the Deck Officer at the rate of pay defined in Rule 23.06, in a lump sum payment no later than the second pay period in July of each year. However, if circumstances cause the Employer to refuse a Deck Officer's timely request for vacation, the amount of vacation refused will be carried over.
Maximum Accumulation of Vacation. Vacation accumulation will be capped at a maximum of two (2) year’s accumulation. For example: if an employee earns four (4) weeks’ vacation a year, the maximum he/she could have on the books at one time would be eight (8) weeks. Any time earned after the two (2) year maximum will be forfeited. As long as employees keep their maximum below the two (2) year total, they will not stop accumulating vacation.
Maximum Accumulation of Vacation. Vacation accrued but not used shall accumulate to a maximum of eight hundred and forty (840) hours on June 30 of any calendar year one thousand and eight (1008) hours on January 7, 2022. If an employee has, as of June 30 January 7, 2022, an amount of vacation in excess of eight hundred and forty (840) one thousand and eight (1008) hours, the excess shall be deducted from the employee's vacation balance and cashed out according to Rule 23.06. The cash-out will be processed with the pay period ending January 21, 2022. This action does not apply to the limit of vacation cash-ins contained in Rule 23.13. However, if circumstances cause the Employer to refuse an employee's timely request for vacation, the amount of vacation refused will be carried over. Southwest System Supplemental Agreement

Related to Maximum Accumulation of Vacation

  • Vacation Accumulation (a) Vacations are not cumulative from year to year.

  • Accumulation of Vacation Leave An employee who has earned at least ten (10) days' pay for each calendar month of a vacation year shall earn vacation leave of:

  • Maximum Accumulation Maximum accumulation amounts apply only to the amount of annual leave that may be carried over from one leave year to the next, and do not limit accumulated leave balances during the leave year.

  • Accumulation of Vacation Leave Credits 31.1.1 An employee shall earn in respect of each fiscal year, annual vacation leave with pay at the following rates for each calendar month in which the employee receives at least seventy-five (75) hours’ pay:

  • Sick Leave Accumulation a. All unused days of sick leave at full pay for all employees, shall accumulate to a maximum of two hundred ten (210) days. Such sick leave benefits so accrued will be usable after the annual full days allowed, and prior to any half pay benefits.

  • Maximum Vacation Accrual Employees may accrue vacation up to a maximum of two hundred forty (240) hours. An employee who has reached the maximum accrual level may continue to accrue vacation until his or her next anniversary date, at which time any vacation accrued in addition to the two hundred forty (240) hour maximum accrual will be extinguished. With the written approval of the appropriate Vice President, an employee may accrue more than two hundred forty (240) hours of vacation when he or she is precluded from taking a previously scheduled vacation because of University needs. Any such written approval will specify a timeline for the employee to use any excess vacation accrual, after which any excess vacation accrual will be extinguished.

  • Restoration of Vacation Leave In the event an employee is injured or becomes ill while on vacation leave, the employee may submit a written request to use sick leave and have the equivalent amount of vacation leave restored. The supervisor may require a written medical certificate.

  • Vacation Accrual Rates Laid off employees who are re-employed shall have the vacation accrual rate they held immediately prior to layoff restored.

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