Common use of STO Bank Accrual Clause in Contracts

STO Bank Accrual. Each employee shall be entitled to annual Scheduled Time Off. Scheduled time off is earned on an hourly basis. For purposes of this section, a day is defined as eight (8) work hours. The accrual schedule shall be as follows: TOTAL HOURLY SERVICE YEARS YEARLY ACCRUAL ACCRUAL MAXIMUM & WORK DAY ACCRUAL IN FACTOR FACTOR ALLOWABLE EQUIVALENT WORKDAYS PER HOUR PER PP BALANCE 1st year 1st through 261 days 19 .073076 5.846 57 work days 2nd through 4th year 262 through 1044 days 21 .080769 6.461 63 work days 5th through 9th year 1045 through 2349 days 25 .096153 7.692 75 work days 10th through 14th year 2350 through 3654 days 27 .103846 8.307 81 work days 15th through 19th year 3655 through 4959 days 29 .111538 8.923 87 work days 20th and thereafter 4960 days 31 .119230 9.538 93 work days

Appears in 3 contracts

Samples: Memorandum of Understanding, Memorandum of Understanding, Memorandum of Understanding

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STO Bank Accrual. Each employee shall be entitled to annual Scheduled Time Off. Scheduled time off is earned on an hourly basis. For purposes of this section, a day is defined as eight (8) work hours. The accrual schedule shall be as follows: TOTAL HOURLY SERVICE YEARS YEARLY ACCRUAL ACCRUAL MAXIMUM Service Years & WORK DAY ACCRUAL IN FACTOR FACTOR ALLOWABLE EQUIVALENT WORKDAYS PER HOUR PER Work Day Equivalents Total Yearly Accrual in Work Day Accrual Factor Per Hour Hourly Accrual Factor Per PP BALANCE Maximum Allowable Balance 1st year 1st year1st through 261 days 19 .073076 5.846 57 work days 2nd through 4th year 262 through 1044 days 21 .080769 6.461 63 work days 5th through 9th year 1045 through 2349 days 25 .096153 7.692 75 work days 10th through 14th year 2350 through 3654 days 27 .103846 8.307 81 work days 15th through 19th year 3655 through 4959 days 29 .111538 8.923 87 work days 20th and thereafter 4960 days 31 .119230 9.538 93 work days

Appears in 2 contracts

Samples: Memorandum of Understanding, Memorandum of Understanding

STO Bank Accrual. Each employee shall be entitled to annual Scheduled Time Off. Scheduled time off is earned on an hourly basis. For purposes of this section, a day is defined as eight (8) work hours. Effective the first pay period following Labor Day, September 4, 2006 holidays shall be separated from STO and paid as they are observed. If an employee is required to or assigned to work a holiday, he/she shall have the option of taking an alternate day off at a time mutually agreed upon by the appropriate supervisor or receiving an STO add-back of one day. The accrual schedule shall be as follows: TOTAL HOURLY SERVICE YEARS YEARLY ACCRUAL ACCRUAL MAXIMUM Total Service Years & WORK DAY ACCRUAL IN FACTOR FACTOR ALLOWABLE EQUIVALENT WORKDAYS PER HOUR PER Work Day Equivalent Yearly Accrual in Work Days Accrual Factor Per Hour Accrual Factor Per PP BALANCE Maximum* Allowable Balance 1st year 19 .073075 5.846 57 work days 1st through 261 days 19 .073076 5.846 57 work days (456 hours) 2nd through 4th year 262 through 1044 days 21 .080769 6.461 63 work days 262 through 1044 days (504 hours) 5th through 9th year 1045 through 2349 days 25 .096153 7.692 75 work days 1045 through 2349 days (600 hours) 10th through 14th year 2350 through 3654 days 27 .103846 8.307 81 work days 2350 through 3654 days (648 hours) 15th through 19th year 3655 through 4959 days 29 .111538 8.923 87 work days 3655 through 4959 days (696 hours) 20th and thereafter 4960 days 31 .119230 9.538 93 work daysdays 4960 days (744 hours) *Base (includes one additional day).

Appears in 2 contracts

Samples: Memorandum of Agreement, Memorandum of Agreement

STO Bank Accrual. Each employee shall be entitled to annual Scheduled Time Off. Scheduled time off is earned on an hourly basis. For purposes of this section, a day is defined as eight (8) work hours. Effective the first pay period following Labor Day, September 4, 2006 holidays shall be separated from STO and paid as they are observed. If an employee is required to or assigned to work a holiday, he/she shall have the option of taking an alternate day off at a time 21 mutually agreed upon by the appropriate supervisor or receiving an STO add-back of one day. The accrual schedule shall be as follows: TOTAL HOURLY SERVICE YEARS YEARLY ACCRUAL ACCRUAL MAXIMUM Total Service Years & WORK DAY ACCRUAL IN FACTOR FACTOR ALLOWABLE EQUIVALENT WORKDAYS PER HOUR PER Work Day Equivalent Yearly Accrual in Work Days Accrual Factor Per Hour Accrual Factor Per PP BALANCE Maximum* Allowable Balance 1st year 1st through 261 days 19 .073076 .073075 5.846 57 work days (456 hours) 2nd through 4th year 262 through 1044 days 21 .080769 6.461 63 work days (504 hours) 5th through 9th year 1045 through 2349 days 25 .096153 7.692 75 work days (600 hours) 10th through 14th year 2350 through 3654 days 27 .103846 8.307 81 work days (648 hours) 15th through 19th year 3655 through 4959 days 29 .111538 8.923 87 work days 20th and thereafter 4960 days 31 .119230 9.538 93 work days(696 hours)

Appears in 1 contract

Samples: Memorandum of Understanding

STO Bank Accrual. Each employee shall be entitled to annual Scheduled Time Off. Scheduled time off is earned on an hourly basis. For purposes of this section, a day is defined as eight (8) work hours. Effective the first pay period following Labor Day, September 4, 2006 holidays shall be separated from STO and paid as they are observed. If an employee is required to or assigned to work a holiday, he/she shall have the option of taking an alternate day off at a time mutually agreed upon by the appropriate supervisor or receiving an STO add-back of one day. The accrual schedule shall be as follows: TOTAL HOURLY SERVICE YEARS YEARLY ACCRUAL ACCRUAL MAXIMUM Total Service Years & WORK DAY ACCRUAL IN FACTOR FACTOR ALLOWABLE EQUIVALENT WORKDAYS PER HOUR PER Work Day Equivalent Yearly Accrual in Work Days Accrual Factor Per Hour Accrual Factor Per PP BALANCE Maximum* Allowable Balance 1st year 1st through 261 days 19 .073076 .073075 5.846 57 work days (456 hours) 2nd through 4th year 262 through 1044 days 21 .080769 6.461 63 work days (504 hours) 5th through 9th year 1045 through 2349 days 25 .096153 7.692 75 work days (600 hours) 10th through 14th year 2350 through 3654 days 27 .103846 8.307 81 work days (648 hours) 15th through 19th year 3655 through 4959 days 29 .111538 8.923 87 work days (696 hours) 20th and thereafter 4960 days 31 .119230 9.538 93 work daysdays (744 hours) *Base (includes one additional day).

Appears in 1 contract

Samples: Memorandum of Agreement

STO Bank Accrual. Each employee shall be entitled to annual Scheduled Time OffOff ("STO"). Scheduled time off STO is earned on an hourly basis. For purposes of this section, a day is defined as eight (8) work hours. The accrual schedule shall be as follows: TOTAL HOURLY SERVICE YEARS YEARLY ACCRUAL ACCRUAL MAXIMUM & WORK DAY EQUIVALENT ANNUAL ACCRUAL IN WORK DAYS ACCRUAL FACTOR FACTOR ALLOWABLE EQUIVALENT WORKDAYS PER HOUR ACCRUAL FACTOR PER PP BALANCE PAY PERIOD MAXIMUM ALLOWABLE BALANCE* 1st year 1st through 261 261st days 19 .073076 5.846 57 work days 2nd through 4th year 262 through 1044 262nd – 1044th days 21 .080769 6.461 63 work days 5th through 9th year 1045 through 2349 1045th – 2349th days 25 .096153 7.692 75 work days 10th through 14th year 2350 through 3654 2350th – 3654th days 27 .103846 8.307 81 work days 15th through 19th year 3655 through 4959 3655th – 4959th days 29 .111538 8.923 87 work days 20th year and thereafter 4960 days 4960th day and thereafter 31 .119230 9.538 93 work daysdays * Base excludes holidays

Appears in 1 contract

Samples: Memorandum of Understanding

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STO Bank Accrual. Each employee shall be entitled to annual Scheduled Time Off. Scheduled time off is earned on an hourly basis. For purposes of this section, a day is defined as eight (8) work hours. Effective the first pay period following Labor Day, September 4, 2006 holidays shall be separated from STO and paid as they are observed. If an employee is required to or assigned to work a holiday, the employee shall have the option of taking an alternate day off at a time mutuallyagreed upon by the appropriate supervisor or receiving an STO add-back of one day. The accrual schedule shall be as follows: TOTAL HOURLY SERVICE YEARS YEARLY ACCRUAL ACCRUAL MAXIMUM Yearly Accrual Accrual Maximum* Total Service Years & WORK DAY ACCRUAL IN FACTOR FACTOR ALLOWABLE EQUIVALENT WORKDAYS PER HOUR PER Work Accrual in Factor Per Factor Per Allowable Balance Day Equivalent Work Days Hour PP BALANCE 1st year 19 .073075 5.846 57 work days 1st through 261 days 19 .073076 5.846 57 work days (456 hours) 2nd through 4th year 262 through 1044 days 21 .080769 6.461 63 work days 262 through 1044 days (504 hours) 5th through 9th year 1045 through 2349 days 25 .096153 7.692 75 work days 1045 through 2349 days (600 hours) 10th through 14th year 2350 through 3654 days 27 .103846 8.307 81 work days 2350 through 3654 days (648 hours) 15th through 19th year 3655 through 4959 days 29 .111538 8.923 87 work days 3655 through 4959 days (696 hours) 20th and thereafter 4960 days 31 .119230 9.538 93 work daysdays 4960 days (744 hours) *Base (includes one additional day).

Appears in 1 contract

Samples: Memorandum of Agreement

STO Bank Accrual. Each employee shall be entitled to annual Scheduled Time Off. Scheduled time off is earned on an hourly basis. For purposes of this section, a day is defined as eight (8) work hours. The accrual schedule shall be as follows: TOTAL HOURLY SERVICE YEARS YEARLY ACCRUAL ACCRUAL MAXIMUM & WORK DAY EQUIVALENT TOTAL YEARLY ACCRUAL IN WORKDAYS HOURLY ACCRUAL FACTOR FACTOR ALLOWABLE EQUIVALENT WORKDAYS PER HOUR ACCRUAL FACTOR PER PP MAXIMUM ALLOWABLE BALANCE 1st year 1st through 261 days 19 .073076 5.846 57 work days 2nd through 4th year 262 through 1044 days 21 .080769 6.461 63 work days 5th through 9th year 1045 through 2349 days 25 .096153 7.692 75 work days 10th through 14th year 2350 through 3654 days 27 .103846 8.307 81 work days 15th through 19th year 3655 through 4959 days 29 .111538 8.923 87 work days 20th and through thereafter 4960 through days 31 .119230 9.538 93 work days

Appears in 1 contract

Samples: Memorandum of Understanding

STO Bank Accrual. Each employee shall be entitled to annual Scheduled Time Off. Scheduled time off is earned on an hourly basis. For purposes of this section, a day is defined as eight (8) work hours. The accrual schedule shall be as follows: TOTAL HOURLY SERVICE YEARS YEARLY ACCRUAL ACCRUAL MAXIMUM & WORK DAY ACCRUAL IN FACTOR FACTOR ALLOWABLE EQUIVALENT WORKDAYS ACCRUAL FACTOR PER HOUR HOURLY ACCRUAL FACTOR PER PP MAXIMUM ALLOWABLE BALANCE 1st year 1st through 261 days 19 .073076 5.846 57 work days 2nd through 4th year 262 through 1044 days 21 .080769 6.461 63 work days 5th through 9th year 1045 through 2349 days 25 .096153 7.692 75 work days 10th through 14th year 2350 through 3654 days 27 .103846 8.307 81 work days 15th through 19th year 3655 through 4959 days 29 .111538 8.923 87 work days 20th and thereafter 4960 days 31 .119230 9.538 93 work days

Appears in 1 contract

Samples: Memorandum of Understanding

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