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 HOURLYRVICE 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 SE 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 b) Pre-Scheduled Usage Scheduled Time Off may be used for any lawful purpose by the employee; the time requested shall require the approval of management with due consideration of employee convenience and administrative requirements.

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 HOURLYRVICE SERVICE YEARS YEARLY ACCRUAL ACCRUAL MAXIMUM & WORK DAY TOTAL YEARLY ACCRUAL IN ACCRUAL FACTOR HOURLY ACCRUAL FACTOR MAXIMUM ALLOWABLE EQUIVALENT WORKDAYS WORK DAYS 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 SE 10th 2350 through through 14th year 2350 through 3654 days 27 .103846 8.307 81 work days 15th 3655 through through 19th year 3655 through 4959 days 29 .111538 8.923 87 work days 20th and 4960 through days thereafter 4960 days 31 .119230 9.538 93 work days bc) Pre-Scheduled Usage Scheduled Time Off may be used for any lawful purpose by the employee; the time requested shall require the approval of management a supervisor or manager with due consideration of employee convenience and administrative requirements.

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 HOURLYRVICE HOURLY RVICE 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 SE 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 b) Pre-Scheduled Usage Scheduled Time Off may be used for any lawful purpose by the employee; the time requested shall require the approval of management with due consideration of employee convenience and administrative requirements.

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 HOURLYRVICE 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 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 SE 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 b) Pre-Scheduled Usage Scheduled Time Off may be used for any lawful purpose by the employee; the time requested shall require the approval of management with due consideration of employee convenience and administrative requirements.

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. The accrual schedule shall be as follows: TOTAL HOURLYRVICE SERVICE YEARS YEARLY ACCRUAL ACCRUAL MAXIMUM & WORK DAY TOTAL YEARLY ACCRUAL IN ACCRUAL FACTOR HOURLY ACCRUAL FACTOR MAXIMUM ALLOWABLE EQUIVALENT WORKDAYS WORK DAYS PER HOUR PER PP BALANCE 1st year 1st through 261 days 19 .073076 5.846 57 work days 2nd through 262 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 SE 10th 2350 through through 14th year 2350 through 3654 days 27 .103846 8.307 81 work days 15th 3655 through through 19th year 3655 through 4959 days 29 .111538 8.923 87 work days 20th and 4960 through days thereafter 4960 days 31 .119230 9.538 93 work days bc) Pre-Scheduled Usage Scheduled Time Off may be used for any lawful purpose by the employee; the time requested shall require the approval of management a supervisor or manager with due consideration of employee convenience and administrative requirements.

Appears in 1 contract

Samples: Memorandum of Agreement

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