MAXIMUM VACATION ACCRUAL CAP Sample Clauses

MAXIMUM VACATION ACCRUAL CAP. Employees will continue to accrue vacation time each pay period up to the Maximum Vacation Accrual Cap (as set forth below). No additional vacation will accrue until vacation time is taken and the balance (includes Genesis vacation hours and acquisition vacation carry over hours) falls below the Maximum Accrual Cap. Employees accruing at the 2 week level have an 80 hours maximum accrual cap Employees accruing at the 3 week level have a 120 hour maximum accrual cap. Employees accruing at the 4 week level have a 160 hour maximum accrual cap. Full-time employees hired on or before October 31, 2013 will accrue vacation hours as follows: Months of Service Vacation Accrual Rate Per Hour Annual Maximum Vacation Accrual 3-12 Months 0.0256 40 Hours 12-24 Months 0.0384 80 Hours 25-60 Months 0.0576 120 Hours 61-80 Months 0.0769 160 Hours Full-time employees hired on or after November 1, 2013 and all part-time employees will accrue vacation hours as follows: Months of Service New Eligible Employees Annual Maximum Vacation Accrual Rate Maximum Service Between 0 and 48 Months (2-Week Rate) 0.038462 80 hours 80 hours Service Greater Than 48 to 108 Months (3-Week Rate) 0.057692 120 hours 120 hours Service Greater Than 108 Months (4-Week Rate) 0.076923 160 hours 160 hours
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MAXIMUM VACATION ACCRUAL CAP. Employees will continue to accrue vacation time each pay period up to the Maximum Vacation Accrual Cap (as set forth below). No additional vacation will accrue until vacation time is taken and the balance (includes Genesis vacation hours and acquisition vacation carry over hours) falls below the Maximum Accrual Cap. Employees accruing at the 2 week level have an 80 hours maximum accrual cap Employees accruing at the 3 week level have a 120 hour maximum accrual cap. Employees accruing at the 4 week level have a 160 hour maximum accrual cap. Full-time employees hired on or before October 31, 2013 will accrue vacation hours as follows: Months Vacation Accrual Rate Per Hour Annual Maximum Vacation Accrual 3-12 0.0256 40 Hours 12-24 0.0384 80 Hours 25-60 0.0576 120 Hours 61-80 0.0769 160 Hours Full-time employees hired on or after November 1, 2013 and all part-time employees will accrue vacation hours as follows:
Sample 1

Related to MAXIMUM VACATION ACCRUAL CAP

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

  • Vacation Accrual Regular employees shall accrue hours of vacation with pay for each hour of compensation to a maximum of eighty (80) hours per biweekly work period according to the following schedule, commencing with the employee's hire date of his latest period of County employment.

  • Vacation Leave Accrual Rate Schedule Full Years of Service Hours Per Year

  • Vacation Leave Accrual ‌ After a full-time employee has been in pay status for eighty (80) non-overtime hours in a calendar month, the employee will accrue vacation leave according to the rate schedule below. Vacation leave accrual for part-time employees will be proportionate to the number of hours the part-time employee is in pay status during the month to that required for full-time employment.

  • Share Class Annual Compensation Rate Class R-1 1.00% Class R-2 0.75% Class R-2E 0.60% Class R-3 0.50% Class R-4 0.25% Class R-5 No compensation paid Class R-5E No compensation paid Class R-6 No compensation paid If you hold Plan accounts in an omnibus account (i.e., multiple Plans in one account on the books of the Funds), Plans that are added to the omnibus account after May 15, 2002 may invest only in R shares, and you must execute an Omnibus Addendum to the Selling Group Agreement, which you can obtain by calling our Home Office Service Team at 800/421-5475, extension 8.

  • Maximum Accrual Vacation credit may be accumulated to a maximum that can be earned in four (4) years. Further accumulation will not continue when the maximum is reached. When an employee’s vacation reaches the maximum level, and if the employee has been denied vacation during the twelve (12) months, the employee will be paid for the time denied but no more than eighty (80) hours in a pay period. 80 hours 320 hours 120 hours 480 hours 160 hours 640 hours 180 hours 720 hours 200 hours 800 hours 240 hours 960 hours

  • Leave Accrual After the first 30 days of active military service in any one calendar year, employees shall not accrue City-paid vacation, holiday, or sick leave benefits or other forms of paid leave; provided, however, that any public employee on military leave for intermittent training periods shall continue to accrue the same vacation, sick, and holiday leave up to a maximum period of 180 cumulative days per calendar year as if the employee had not been on military leave.

  • Sick Leave Accrual All eligible employees shall accrue sick leave at the rate of four (4) hours per pay period of continuous employment beginning with their date of eligibility. Eligible employees being paid for less than a full eighty (80) hour pay period shall have sick leave accruals pro-rated in accord with the schedule set forth in Appendix D.

  • Vacation Payout Where an employee requests in writing to have a specific number of vacation days paid out, and the Employer agrees to the request, the Employer will issue pay in lieu of vacation. Pay in lieu of vacation, if agreed, will be granted only after a minimum of 15 days' vacation time has already been taken in the year.

  • Maximum Compensation There is a maximum compensation for this Agreement and a separate maximum compensation for each Approved Service Order.

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