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
Appears in 2 contracts
Samples: Collective Bargaining Agreement, Collective Bargaining Agreement
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 Length of Service Vacation Accrual Rate Per Hour Annual Maximum Vacation Accrual 3-12 Months 0.0256 40 Hours 121-24 Months 2 Years 0.0384 80 Hours 252-60 Months 5 Years 0.0576 120 Hours 61-80 Months 5+ Years 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 Length of Service New Eligible Employees Annual Maximum Vacation Accrual Rate Maximum Service Between 0 and 48 Months months – 4 years (2-Week Rate) 0.038462 80 hours 80 hours Service Greater Than 48 to 108 Months 4 – 9 years (3-Week Rate) 0.057692 120 hours 120 hours Service Greater Than 108 Months 9 + years (4-Week Rate) 0.076923 160 hours 160 hours
Appears in 2 contracts
Samples: Collective Bargaining Agreement, Collective Bargaining Agreement
MAXIMUM VACATION ACCRUAL CAP. Employees Full time employees will continue to accrue vacation time on the basis of hours worked and paid 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 2013, will accrue vacation hours as follows: Months Length of Service Vacation Accrual Rate Per Hour Annual Maximum Vacation Accrual 3-12 Months months 0.0256 40 60 Hours 121-24 Months 2 Years 0.0384 80 Hours 25-60 Months 0.0576 120 Hours 612-80 Months 5 Years 0.0576 160 Hours 5+ Years 0.0769 160 200 Hours Full-time employees hired on or after November 1, 2013 and all part-time employees 2013, through December 31, 2021, will accrue vacation hours as follows: Months Length of Service New Eligible Employees Rate New Eligible Employees Maximum Annual Maximum Vacation Accrual Rate Maximum Service Between 0 and 48 Months months – 4 Years (2-Week Rate) 0.038462 0.38462 80 hours 80 100 hours Service Greater Than 48 to 108 Months 4-9 years (3-Week Rate) 0.057692 120 hours 120 140 hours Service Greater Than 108 Months 9+ years (4-Week Rate) 0.076923 160 hours 200 hours Full time employees hired on or after January 1, 2022 will accrue vacation hours as follows: Length of Service Accrual Rate Annual Accrual Maximum Balance 90 day-end of year .01923 40 hours/5 days 40 hours/5 days After 1 year – end of year 4 .03846 80 hours/10 days 160 hourshours/20 days Year 5* .05769 120 hours/15 days 200 hours/25 days
Appears in 1 contract
Samples: Collective Bargaining Agreement
MAXIMUM VACATION ACCRUAL CAP. Employees Full-time employees will continue to accrue vacation time on the basis of hours worked and paid 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 2013, will accrue vacation hours as follows: Months Length of Service Vacation Accrual Rate Per Hour Annual Maximum Vacation Accrual 3-12 Months months 0.0256 40 60 Hours 121-24 Months 2 Years 0.0384 80 Hours 25-60 Months 0.0576 120 Hours 612-80 Months 5 Years 0.0576 160 Hours 5+ Years 0.0769 160 200 Hours Full-time employees hired on or after November 1, 2013 and all part-time employees 2013, through December 31, 2021, will accrue vacation hours as follows: Months Length of Service New Eligible Employees Rate Eligible Employees Maximum Annual Maximum Vacation Accrual Rate Maximum Service Between 0 and 48 Months months – 4 Years (2-Week Rate) 0.038462 80 hours 80 100 hours Service Greater Than 48 to 108 Months 4-9 years (3-Week Rate) 0.057692 120 hours 120 140 hours Service Greater Than 108 Months 9+ years (4-Week Rate) 0.076923 160 hours 200 hours Full-time employees hired on or after January 1, 2022 will accrue vacation hours as follows: Length of Service Accrual Rate Annual Accrual Maximum Balance 90 days – end of year .01923 40 hours/5 days 40 hours/5 days After 1 year – end of year 4 .03846 80 hours/10 days 160 hourshours/20 days Year 5+ .05769 120 hours/15 days 200 hours/25 days
Appears in 1 contract
Samples: Collective Bargaining Agreement