Maximum Vacation Accruals Sample Clauses
The Maximum Vacation Accruals clause sets a limit on the total amount of vacation time an employee can accumulate. Typically, once an employee reaches this cap, they stop accruing additional vacation hours until they use some of their existing balance. For example, if the maximum accrual is set at 160 hours, any further accrual is paused until the balance drops below that threshold. This clause helps employers manage staffing levels and financial liabilities by preventing excessive accumulation of unused vacation time.
Maximum Vacation Accruals. The maximum number of vacation leave days which may be accumulated by a member, is limited to the number, which he/she can accrue in sixteen (16) months of continuous service.
Maximum Vacation Accruals. Each full-time and part-time regular employee shall be entitled to accrue vacation leave not to exceed a maximum of two hundred forty (240) hours. If the maximum vacation accrual is exceeded, the Employee shall forfeit all vacation accruals in excess of the maximum allowed under this section. If the maximum vacation accrual is exceeded through no fault of the employee, the City shall pay the employee for all vacation accruals in excess of the vacation accrual cap or the employee may choose to have the excess amount deposited into the employee’s VEBA account if such an account is established.
Maximum Vacation Accruals. 1. Unit employees hired on or before June 30, 2012 shall be allowed to continue to accrue unlimited vacation hours until June 30, 2016.
2. Unit employees hired on or after July 1, 2012 shall be allowed to accrue a maximum of three hundred and sixty (360) hours of vacation leave. Vacation hours earned in excess of the three hundred and sixty (360) hours accrued will be paid out to the employee on the following pay period.
3. Effective July 1, 2016, all unit employees shall only be allowed to accrue a maximum of three hundred and sixty (360) hours of vacation leave. Any vacation hours earned, on July 1, 2016 and continuing thereafter, in excess of the three hundred and sixty (360) hours accrued will be paid out to the employee on the following pay period.
4. Employees with greater than three hundred and sixty (360) hours accumulated as of June 30, 2016, or upon first entering the unit, shall be subject to the following:
a) A primary vacation bank will be established with up to a maximum of three hundred (300) accumulated hours.
b) A secondary vacation bank will be established with all accumulated hours in excess of three hundred (300) hours. An employee may not accrue any additional hours in this secondary vacation bank.
c) Vacation hours earned on July 1, 2016 and continuing thereafter will be accrued in the primary vacation bank. Vacation hours earned in excess of three hundred and sixty (360) hours in the primary vacation bank shall be paid out to the employee on the following pay period.
d) All payments shall be made based upon the employee’s current rate of pay at the time of payment, cash-out, or deposit into a deferred compensation plan.
e) Vacation hours in the secondary vacation bank may be used for time off, cashed out, and/or deposited into the employee’s deferred compensation plan.
5. The option to cash-out, or make a deposit into a deferred compensation plan, from the secondary vacation bank will be subject to annual review and consideration by the City Manager, based upon the financial status of the City each fiscal year. Annual total cash-out availability for the unit will be determined each fiscal year.
6. For the remainder of the FY15/16, cash-outs and/or deposits into a deferred compensation plan from the secondary vacation bank will be limited to a maximum of twenty-five thousand dollars ($25,000) for the unit, based upon order of requests and limited to a maximum of twenty-five (25) hours per employee upon a two (2) week advance written r...
Maximum Vacation Accruals. Earned vacation may be accumulated up to a maximum of two hundred forty-eight (248) hours at any time and shall be paid when an employee leaves the employment of Employer. If the employee is unable to take vacation leave due to the work requirements of the Office, the employee will be allowed to request a deferral (in writing) of such leave for a time set certain. The Sheriff will review such requests for approval.
Maximum Vacation Accruals. The maximum amount of vacation that can be accrued is noted in the following maximum accrual chart: Maximum Accruals 40% Benefits 3 weeks or 15 days 72 hours 4 weeks or 20 days 96 hours 5 weeks or 25 days 120 hours 60% Benefits 108 hours 144 hours 180 hours 80% Benefits 144 hours 192 hours 240 hours 100% Benefits 180 hours 240 hours 300 hours 60% Benefits 108 hours 144 hours 180 hours 100% Benefits 180 hours 240 hours 300 hours
Maximum Vacation Accruals. The Individually Represented Battalion Chief shall be entitled to accrue a maximum of 336 hours of vacation time when assigned to a fifty-six (56) hour per week shift and a maximum of 240 hours of vacation time when assigned to a forty (40) hour per week shift. An exception will be made for an employee who is absent from duty as a result of an industrial injury/illness, and who is concurrently precluded from utilizing vacation time, shall be allowed to accrue more than 336 hours as long as he/she remains absent from duty as the result of an industrial injury.
Maximum Vacation Accruals. 1. Unit employees hired on or before June 30, 2012 shall be allowed to continue to accrue unlimited vacation hours.
2. Unit employees hired on or after July 1, 2012 shall be allowed to accrue a maximum of three hundred and sixty (360) hours of vacation leave. Vacation hours earned in excess of the three hundred and sixty (360) hours accrued will be paid out to the employee on the following pay period.