PTO ACCRUALS Sample Clauses

PTO ACCRUALS. PTO accrues during periods of active employment, except during a leave of absence (see paragraph below)1 and is generally awarded on the fifteenth (15th) day of each month. 0-2 years 10 days 80 hours 6.66 hours/month* 3-8 years 15 days 120 hours 10.00 hours/month 9-17 years 20 days 160 hours 13.33 hours/month* 18-20 years 25 days 200 hours 16.66 hours/month* 21-25 years 28 days 224 hours 18.66 hours/month* 26+ years 33 days 264 hours 22.00 hours/month
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PTO ACCRUALS. ‌ 2 The following PTO accruals are in effect through December 2023: Less than 1 year 0.096 hrs. per hour paid | (e.g., up to 200 hrs./year) 1 – 4 years 0.107 hrs. per hour paid | (e.g., up to 224 hrs./year) 5 – 9 years 0.119 hrs. per hour paid | (e.g., up to 248 hrs./year) 10 – 14 years 0.131 hrs. per hour paid | (e.g., up to 271 hrs./year) 15+ years 0.142 hrs. per hour paid | (e.g., up to 296 hrs./year
Sample 1
PTO ACCRUALS. The PTO accrual cap in the Personnel Rules will be enforced. Under no circumstances can Employee accrue more than the accrual PTO cap at any point in time. Once Employee reaches the accrual cap, no additional PTO will accrue until Employee uses his or her accrued PTO and reduces the balance to less than the accrual cap. Thereafter, PTO benefits will continue to accrue on a prospective basis only until Employee reaches the cap. No retroactive credit will be given for the time when accrued PTO was at the cap.
Sample 1
PTO ACCRUALS. ‌ Bargaining unit employees shall accrue Paid Time Off (PTO) benefits in accordance with the following schedule for each biweekly payroll period for which they have at least 80 hours of credited service (including hours actually worked, paid holidays, approved Paid Time Off, and other approved paid leaves of absence under this Agreement), subject to the maximum accumulation of accrued PTO at any time. Full-time LCC Service Required‌ Accrual of PTO‌ 1st through 2nd years 5.22 hours 3rd through 5th years 5.83 hours 6th through 10th years‌ 6.75 hours‌ 11th through 14th years 7.67 hours 15th and subsequent years 8.90 hours Maximum accumulation at any time: 360 hours Paid Time Off will be paid at the applicable regular hourly rate of pay, exclusive of all premiums, which the employee is earning at the time of commencing the Paid Time Off.
Sample 1

Related to PTO ACCRUALS

  • Accruals All material accruals for unpaid vacation pay, premiums for unemployment insurance, health premiums, federal or provincial pension plan premiums, accrued wages, salaries and commissions and payments for any plan for any officer, director, employee or consultant of the Corporation have been accurately reflected in the books and records of the Corporation.

  • Leave Accrual After the first 30 days of active military service in any one calendar year, employees shall not accrue City-paid vacation, holiday, or sick leave benefits or other forms of paid leave; provided, however, that any public employee on military leave for intermittent training periods shall continue to accrue the same vacation, sick, and holiday leave up to a maximum period of 180 cumulative days per calendar year as if the employee had not been on military leave.

  • Sick Leave Accrual All eligible employees shall accrue sick leave at the rate of four (4) hours per pay period of continuous employment beginning with their date of eligibility. Eligible employees being paid for less than a full eighty (80) hour pay period shall have sick leave accruals pro-rated in accord with the schedule set forth in Appendix D.

  • CREDITS TO ACCOUNT Promptly after each purchase or sale of Securities by the Fund, the Fund shall deliver to Custodian a Certificate or Instructions, or with respect to a purchase or sale of a Security generally required to be settled on the same day the purchase or sale is made, Oral Instructions specifying all information Custodian may reasonably request to settle such purchase or sale. Custodian shall account for all purchases and sales of Securities on the actual settlement date unless otherwise agreed by Custodian,

  • Vacation Accrual Regular employees shall accrue hours of vacation with pay for each hour of compensation to a maximum of eighty (80) hours per biweekly work period according to the following schedule, commencing with the employee's hire date of his latest period of County employment.

  • Maximum Accrual Vacation credit may be accumulated to a maximum that can be earned in four (4) years. Further accumulation will not continue when the maximum is reached. When an employee’s vacation reaches the maximum level, and if the employee has been denied vacation during the twelve (12) months, the employee will be paid for the time denied but no more than eighty (80) hours in a pay period. 80 hours 320 hours 120 hours 480 hours 160 hours 640 hours 180 hours 720 hours 200 hours 800 hours 240 hours 960 hours

  • Vacation Leave Accrual ‌ After a full-time employee has been in pay status for eighty (80) non-overtime hours in a calendar month, the employee will accrue vacation leave according to the rate schedule below. Vacation leave accrual for part-time employees will be proportionate to the number of hours the part-time employee is in pay status during the month to that required for full-time employment.

  • Vacation Accrual Rates Laid off employees who are re-employed shall have the vacation accrual rate they held immediately prior to layoff restored.

  • Interest Accrual Each Class of Notes will accrue interest on its Note Balance for each Interest Period until the Note Balance has been paid in full at a rate per annum equal to its Note Interest Rate for that Interest Period. Interest on the Class A-1 and Class A-2b Notes will be calculated for each Interest Period on the basis of the actual number of days in the Interest Period and a 360-day year. Interest on the Notes (other than the Class A-1 and Class A-2b Notes) for each Interest Period will be calculated on the basis of a 360-day year consisting of twelve 30-day months. Interest on each Note for each Interest Period will be due and payable on the related Payment Date.

  • Accrual Employees shall accrue one (1) day on July 1, and one (1) day on January 1 of each fiscal year.

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