No Accumulation of Earnings Sample Clauses

No Accumulation of Earnings. The earnings from an Endowment Fund are not intended to accumulate. Accordingly, if there are no qualified applications for grants from an Endowment Fund for four consecutive years for any reason, the Donor will provide the Foundation with a plan showing the Donor's intent to use the earnings of the Endowment Fund for intended purposes in subsequent years, otherwise the accrued earnings from the Endowment Fund may be awarded at the discretion of the Foundation to any qualified member or chapter in good standing with the Fraternity.
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Related to No Accumulation of Earnings

  • Maximum Accumulation Maximum accumulation amounts apply only to the amount of annual leave that may be carried over from one leave year to the next, and do not limit accumulated leave balances during the leave year.

  • Vacation Accumulation (a) Vacations are not cumulative from year to year.

  • Sick Leave Accumulation a. All unused days of sick leave at full pay for all employees, shall accumulate to a maximum of two hundred ten (210) days. Such sick leave benefits so accrued will be usable after the annual full days allowed, and prior to any half pay benefits.

  • Accumulation of Vacation Leave Credits 31.1.1 An employee shall earn in respect of each fiscal year, annual vacation leave with pay at the following rates for each calendar month in which the employee receives at least seventy-five (75) hours’ pay:

  • Accumulation Vacation time shall be earned and accumulated on a monthly basis in accordance with the following schedules:

  • Rate of Accumulation Full-time employees shall earn cumulative sick leave at the rate of 1.25 days per month during each calendar year to a maximum of seventy-five (75) days in total. Regular part-time employees will earn sick leave on a prorated basis.

  • Notification of Accumulation Employees shall be given a written accounting of accumulated sick leave days no later than June 30 of each school year.

  • Accumulation of Seniority The seniority of an employee shall continue to accrue during an absence due to:

  • Accumulation of Annual Leave A. During the first three (3) years of employment, a regular or limited term employee shall earn approximately five (5) hours and fifty-one (51) minutes of annual leave during each eighty (80) hour pay period (approximately one hundred fifty-two [152] hours per year), or a prorated amount for any pay period in which the employee is paid for less than eighty (80) hours.

  • Catch-Up Contributions In the case of a Traditional IRA Owner who is age 50 or older by the close of the taxable year, the annual cash contribution limit is increased by $1,000 for any taxable year beginning in 2006 and years thereafter.

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