Common use of Maximum Vacation Accumulation Clause in Contracts

Maximum Vacation Accumulation. An employee may accumulate vacation to a maximum of 2.5 times the yearly earned vacation time. Vacation leave is credited as earned and the amount of vacation leave accumulated shall not exceed the maximum and accrual shall stop whenever the employee is at the maximum.

Appears in 5 contracts

Samples: Memorandum of Understanding, Memorandum of Understanding, Memorandum of Understanding

AutoNDA by SimpleDocs

Maximum Vacation Accumulation. An The maximum vacation time that can be accumulated by each employee may accumulate vacation to a maximum of 2.5 times the yearly earned vacation timeat one point in time is 400 hours. Vacation leave is credited as earned and the amount of vacation leave accumulated shall not exceed Once the maximum and accrual accumulated vacation balance is on the books, no further vacation accruals shall stop whenever be credited to the employee is at until the accumulated balance goes below the maximum.

Appears in 2 contracts

Samples: Collective Bargaining Agreement, Collective Bargaining Agreement

Maximum Vacation Accumulation. An employee Employees may not accumulate vacation to a maximum of 2.5 more than two times the yearly earned vacation time. Vacation leave is credited as earned and the their annual accrual amount of vacation hours. Once an employee has accumulated two times the annual accrual, no further vacation leave accumulated shall not exceed will accrue until the maximum and accrual shall stop whenever pay period after the employee is at vacation balance has been reduced below the maximumtwo-year cap.

Appears in 1 contract

Samples: Memorandum of Understanding

AutoNDA by SimpleDocs

Maximum Vacation Accumulation. An eligible employee may accumulate vacation to a maximum of 2.5 times the yearly earned vacation time’s annual accrual. Vacation leave is credited as earned and the amount of vacation leave accumulated shall not exceed accrual will discontinue upon reaching the maximum and accrual shall stop whenever until the employee is at the maximum.reduces vacation accumulation. The maximum allowable accruals are as follows:

Appears in 1 contract

Samples: Memorandum of Understanding

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!