Unused Accrued Sample Clauses

Unused Accrued hours of sick leave will be reported to PERS at the time an employee separates from employment with Metro, per PERS guidelines.
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Unused Accrued. Leave Days shall accumulate to a maximum of one hundred (100) days. Workers' Disability Compensation and any other income plan for which the Board makes payment shall be an offset to any Accrued Leave payments. Upon MPSERS retirement, the Board will pay the employee for total Accrued Leave at the rate of twenty five dollars ($25.00) per day. Each employee whose unused accrued leave days total eighty-five (85) days or greater as of December 1, may request, in writing, to be paid for up to ten (10) accrued leave days at the rate of twenty five dollars ($25.00) for each day. Requests shall be made prior to December 1, and the district shall make payment in the last pay period of December for each eligible employee who has submitted the appropriate written request.
Sample 1
Unused Accrued. Leave Days shall accumulate to a maximum of ninety (90) days. Workers’ Disability Compensation and any other income plan for which the Board makes payment shall be an offset to any Accrued Leave payments. Upon MPSERS retirement, the Board will pay an employee who has had 10 continuous years of service with the Board for total Accrued Leave at the rate of twenty-five dollars ($25.00) per day. Each employee whose unused accrued leave days total ninety-one (91) days or greater as of December 31, will be paid at the rate of $50 per day in January to reduce accrued bank to 90 days maximum as of January 1.
Sample 1
Unused Accrued. Leave Days shall accumulate to a maximum of ninety (90) days. Workers' Disability Compensation and any other income plan for which the Board makes payment shall be an offset to any Accrued Leave payments. Upon MPSERS retirement, the Board will pay the employee for total Accrued Leave at tile rate of $1500 per day Beginning January 1, 2001, this amount will increase to $17.00 per day. Beginning January 1, 2003, this amount will increase to‌ $20.00 per day.
Sample 1

Related to Unused Accrued

  • Commitment Fee The Borrower shall pay to the Administrative Agent, for the account of each Lender in accordance with its Applicable Percentage, a commitment fee equal to the product of (i) the Applicable Rate times (ii) the actual daily amount by which the Aggregate Revolving Commitments exceed the sum of (y) the Outstanding Amount of Revolving Loans and (z) the Outstanding Amount of L/C Obligations, subject to adjustment as provided in Section 2.15. For the avoidance of doubt, the Outstanding Amount of Swing Line Loans shall not be counted towards or considered usage of the Aggregate Revolving Commitments for purposes of determining the commitment fee. The commitment fee shall accrue at all times during the Availability Period, including at any time during which one or more of the conditions in Article IV is not met, and shall be due and payable quarterly in arrears on the last Business Day of each March, June, September and December, commencing with the first such date to occur after the Closing Date, and on the last day of the Availability Period. The commitment fee shall be calculated quarterly in arrears, and if there is any change in the Applicable Rate during any quarter, the actual daily amount shall be computed and multiplied by the Applicable Rate separately for each period during such quarter that such Applicable Rate was in effect.

  • Facility Fee The Company shall pay to the Administrative Agent for the account of each Lender in accordance with its Applicable Percentage, a facility fee, in Dollars, equal to the Applicable Rate for facility fees times the actual daily amount of the Aggregate Commitments (or, if the Aggregate Commitments have terminated, on the Outstanding Amount of all Committed Loans, Swing Line Loans and L/C Obligations), regardless of usage, subject to adjustment as provided in Section 2.18. The facility fee shall accrue at all times during the Availability Period (and thereafter so long as any Committed Loans, Swing Line Loans or L/C Obligations remain outstanding), including at any time during which one or more of the conditions in Article IV are not met, and shall be due and payable quarterly in arrears on the last Business Day of each March, June, September and December, commencing with the first such date to occur after the Closing Date, and on the last day of the Availability Period (and, if applicable, thereafter on demand). The facility fee shall be calculated quarterly in arrears, and if there is any change in the Applicable Rate for facility fees during any quarter, the actual daily amount shall be computed and multiplied by the Applicable Rate for facility fees separately for each period during such quarter that such Applicable Rate for facility fees was in effect.

  • Letter of Credit Fees The Borrower shall pay to the Administrative Agent for the account of each Revolving Credit Lender in accordance, subject to Section 2.16 with its Applicable Revolving Credit Percentage a Letter of Credit fee (the “Letter of Credit Fee”) for each Letter of Credit equal to the Applicable Rate times the daily amount available to be drawn under such Letter of Credit. For purposes of computing the daily amount available to be drawn under any Letter of Credit, the amount of such Letter of Credit shall be determined in accordance with Section 1.06. Letter of Credit Fees shall be (i) due and payable on the first Business Day after the end of each March, June, September and December, commencing with the first such date to occur after the issuance of such Letter of Credit, on the Letter of Credit Expiration Date and thereafter on demand and (ii) computed on a quarterly basis in arrears. If there is any change in the Applicable Rate during any quarter, the daily amount available to be drawn under each Letter of Credit shall be computed and multiplied by the Applicable Rate separately for each period during such quarter that such Applicable Rate was in effect. Notwithstanding anything to the contrary contained herein, upon the request of the Required Revolving Lenders, while any Event of Default exists, all past due Letter of Credit Fees shall accrue at the Default Rate.

  • 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. Annual Rate of Vacation Accumulation Maximum 80 hours 320 hours 120 hours 480 hours 160 hours 640 hours 180 hours 720 hours 200 hours 800 hours 240 hours 960 hours

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