Common use of Rates of Accrual Clause in Contracts

Rates of Accrual. Each full time employee shall accrue vacation at the hourly accrual rate set forth below for actual regular hours worked or while on a paid leave status. Employees on leave of absence without pay, other unpaid status or on lay- off from the City shall not accrue vacation hours during the period of such absence. LENGTH OF SERVICE HOURLY ANNUAL RATE AVERAGE ANNUAL DAYS OF VACATION MAXIMUM ACCUMULATION Less than 5 complete years of service 0.04616 12 days 240 Over 5 but less than 10 complete years of service 0.05769 15 days 240 Over 10 but less than 15 complete years of service 0.06924 18 days 240 Over 15 but less than 20 complete years of service 0.08076 21 days 240 Over 20 complete years of service 0.09231 24 days 360 The Average Annual Days Vacation employees accrue are based on the hourly rate times 2,080 (average hours employees are scheduled to work) and are listed for information only.

Appears in 4 contracts

Samples: Labor Agreement, Labor Agreement, Bor Agreement

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Rates of Accrual. Each full full-time employee shall accrue vacation at the hourly accrual rate set forth below for actual regular hours worked or while on a paid leave status. Employees on leave of absence without pay, other unpaid status or on lay- lay-off from the City shall not accrue vacation hours during the period of such absence. LENGTH OF SERVICE HOURLY ANNUAL RATE AVERAGE ANNUAL DAYS OF VACATION MAXIMUM ACCUMULATION Less than 5 complete years of service 0.04616 12 days 240 Over 5 but less than 10 complete years of service 0.05769 15 days 240 Over 10 but less than 15 complete years of service 0.06924 18 days 240 Over 15 but less than 20 complete years of service 0.08076 21 days 240 Over 20 complete years of service 0.09231 24 days 360 The Average Annual Days Vacation employees accrue are is based on the hourly accrual rate times 2,080 (the average hours employees are scheduled to work) and are listed for information only.

Appears in 2 contracts

Samples: Labor Agreement, Labor Agreement

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