Common use of Maximum Balance and Payment Clause in Contracts

Maximum Balance and Payment. A. Regular full-time employees may accumulate vacation as set forth in Section 2 of this Article without limitation, provided that as of December 31 of each calendar year the employee’s maximum balance of unused vacation shall not exceed 240 hours. Any unused vacation hours remaining in an employee’s accumulated balance in excess of 240 hours as of 12 midnight on December 31 of each year shall be forfeited, except as specifically set forth in this Article. For employees hired after December 31, 2011, the maximum balance of unused vacation in any circumstance detailed in this Article shall not exceed 201 hours.

Maximum Balance and Payment. A. Regular fullEmployees assigned to a 24-time employees hour shift schedule may accumulate vacation as set forth in Section 2 1 of this Article without limitation, provided that as of December 31 of each calendar year the employee’s maximum balance of unused vacation shall not exceed 240 312 hours, or 264 hours for employees hired after December 31, 2011. Any unused vacation hours remaining in an employee’s accumulated balance in excess of 240 the allowable hours (264 or 312) as of 12 midnight on December 31 of each every year shall be forfeited, except as specifically set forth in this Article. For employees hired after December 31, 2011, the maximum balance of unused vacation in any circumstance detailed in this Article shall not exceed 201 hours.

Maximum Balance and Payment. A. a) Regular full-time employees may accumulate vacation as set forth in Section 2 3 of this Article article without limitation, provided that as of December 31 of each calendar year the employee’s maximum balance of unused vacation shall not exceed 240 260 hours. Any unused vacation hours remaining in an employee’s accumulated balance in excess of 240 260 hours as of 12 midnight on December 31 of each year shall be forfeited, except as specifically set forth in this Article. For employees hired after December 31, 2011, the maximum balance of unused vacation in any circumstance detailed in this Article shall not exceed 201 hoursarticle.

Maximum Balance and Payment. A. a) Regular full-time employees may accumulate vacation as set forth in Section 2 3 of this Article article without limitation, provided that as of December 31 of each calendar year the employee’s maximum balance of unused vacation shall not exceed 240 280 hours. Any unused vacation hours remaining in an employee’s accumulated balance in excess of 240 280 hours as of 12 midnight on December 31 of each year shall be forfeited, except as specifically set forth in this Article. For employees hired after December 31, 2011, the maximum balance of unused vacation in any circumstance detailed in this Article shall not exceed 201 hoursarticle.