Non-Cumulative. The parties agree and understand that the amounts set forth under this section for liquidated damages are not cumulative with one another. The amount set forth as liquidated damages for Contractor’s failure to achieve Substantial Completion shall be assessed upon default and continue until Substantial Completion is attained. The amount set forth as liquidated damages for Contractor’s failure to achieve Final Completion and readiness for payment shall be assessed after Substantial Completion is attained and apply until Final Completion is attained.
Non-Cumulative. Allowable leave shall not be accumulated from year to year.
Non-Cumulative. Dividends on shares of Designated Preferred Stock shall be non-cumulative. If the Board of Directors or any duly authorized committee of the Board of Directors does not declare a dividend on the Designated Preferred Stock in respect of any Dividend Period:
Non-Cumulative a. This twenty-fourth (24th) day of December holiday provision is non-cumulative, and if not utilized for any reason as set forth in this section, it may not be taken at a later time except as provided herein.
Non-Cumulative. It is not cumulative.
Non-Cumulative. 1. Marriage of employee (3 days)
Non-Cumulative. Dividends on shares of Designated Senior Preferred Stock shall be non-cumulative. If the Board of Directors does not declare a dividend on the Designated Senior Preferred Stock with respect to any Dividend Period, the holders of Designated Senior Preferred Stock shall have no right to receive any dividend with respect to such Dividend Period, and the Issuer shall have no obligation to pay a dividend with respect to such Dividend Period, whether or not dividends are declared for any subsequent Dividend Period with respect to the Designated Senior Preferred Stock.
Non-Cumulative. All yearly vacation hours must be completed prior to December 31st of each year, except up to 240 hours of vacation leave carryover and when special situations are presented which permit carry over, with approval of the Business Administrator or Designee.
Non-Cumulative. Sabbatical leaves are not cumulative.
Non-Cumulative. All yearly vacations and personal days must be completed prior to December 31st of each year and where special situations are presented, with approval of the Commissioners, a total of sixty (60) hours may be carried over if used by March 31st of the following year.
