TIME OFF ACCRUAL SYSTEM Sample Clauses

TIME OFF ACCRUAL SYSTEM. 8.1 PTO and EIB PTO and EIB hours accrue on a bi-weekly pay period. The accrual rates for PTO shall be as follows: Years of Service Hourly Accrual Per PP Accrual (Hrs) Annual Accrual (Days) 5-10 0.0962 7.70 25 10-15 0.1154 9.23 30 15-20 0.1250 10.0 32.5 20 + 0.1346 10.77 35 PTO can be carried over from year to year. The District shall keep a separate accounting of COMP TIME. An employee can bank a maximum of 60 (sixty) hours of COMP TIME. COMP TIME not used by the last pay period of the fiscal year will be paid out to the employee in regular payroll. All overtime worked in the last pay period of the fiscal year will be paid as overtime. An employee will stop earning PTO once the employee has accrued 480 hours. Eligibility for PTO begins with the first day of employment in a regular, full-time status.
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Related to TIME OFF ACCRUAL SYSTEM

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

  • Vacation Accruals Length of Service Accrual Rate Per Month 0 - 10 yrs. 1 1/4 days 11 - 20 yrs. 1 2/3 days Upon completion of 20 years 2 1/12 days A staff member will be paid for vacation at the staff member’s base rate of pay.

  • Maximum Vacation Accrual Employees may accrue vacation up to a maximum of two hundred forty (240) hours. An employee who has reached the maximum accrual level may continue to accrue vacation until his or her next anniversary date, at which time any vacation accrued in addition to the two hundred forty (240) hour maximum accrual will be extinguished. With the written approval of the appropriate Vice President, an employee may accrue more than two hundred forty (240) hours of vacation when he or she is precluded from taking a previously scheduled vacation because of University needs. Any such written approval will specify a timeline for the employee to use any excess vacation accrual, after which any excess vacation accrual will be extinguished.

  • Vacation Accumulation (a) Vacations are not cumulative from year to year.

  • 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.

  • 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.

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