Common use of Method of Accumulation Clause in Contracts

Method of Accumulation. i) A back credit allowance shall be established for all employees who have been employed by the Board prior to February 2nd, 1982 on the following basis: one day's sick leave credit for each completed month of recognized seniority less the actual number of days absent from January 1, 1969. ii) Deductions shall be made from the employee's annual sick leave allowance for the number of days absent because of personal illness. iii) All of the unused portion of the allowance shall be credited to the employee's sick leave credit balance at the close of each calendar year. Each employee shall receive an updated statement prior to January 30th of the following year. iv) The maximum accumulation in the sick leave credit balance is not to exceed 260 days at any time.

Appears in 5 contracts

Samples: Collective Agreement, Collective Bargaining Agreement, Collective Bargaining Agreement

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