VACATION ACCRUAL FORMULA Sample Clauses

VACATION ACCRUAL FORMULA. After one year or more of continuous service three weeks vacation (from 0 to 84 months – accrue 1.25 days per month)
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VACATION ACCRUAL FORMULA. Two (2) Week Accrual Formula‌ A. 40-HOUR PER WEEK EMPLOYEE Vacation hours accrued – 80/yr. (1.5384616 hours/Week) B. 24-HOUR SHIFT EMPLOYEE Vacation hours accrued – 120/yr. (2.307 hours/Week)
VACATION ACCRUAL FORMULA. 19.2.1 Vacation for unit members shall be computed on an hourly basis, one-hundred and seventy-three (173) hours being equal to one (1) full month of employment. Vacation time shall be earned and accrued in hours based on the unit member’s longevity date on a monthly basis according to the following schedule: Beginning 5 years through 10 years 12.67 hours per month Beginning 11 years through 15 years 14.67 hours per month Beginning 16 years 15.33 hours per month Beginning 20 years 16.33 hours per month Beginning 25 years 17.33 hours per month
VACATION ACCRUAL FORMULA. 12 13 (a) Two (2) Week Vacation Accrual Formula: 1800 80 1620 72 1440 64 1260 56 1080 48 900 40 720 32 540 24 360 16 180 8 15 (b) Employees will be eligible to accrue three (3) weeks of vacation on January 1st of 16 the calendar year in which the fifth (5 ) anniversary of continuous service will occur.
VACATION ACCRUAL FORMULA. 19.4.1 Vacation for unit members shall be computed on an hourly basis, 173 hours being equal to one (1) full month of employment. 173 hours 8 hours 10 hours 12 hours 14 hours 14 2/3 hours 15 1/3 hours 865 40 50 60 70 73 1/3 76 2/3 1038 48 60 72 84 88 92 1211 56 70 84 98 102 1/3 107 1/3 1384 64 80 96 112 117 1/3 122 2/3 1557 72 90 000 000 000 136 1730 80 100 120 140 146 2/3 153 1/3 1903 88 110 132 154 161 1/3 168 2/3 2076 96 120 144 168 176 184

Related to VACATION ACCRUAL FORMULA

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

  • 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 Rate Schedule Full Years of Service Hours Per Year

  • 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.

  • Vacation Accumulation (a) Vacations are not cumulative from year to year. (b) Notwithstanding the above, the Employer may grant a special request from an employee to carryover a maximum of five (5) vacation days into the next year. The employee shall specify in her request to the Employer the purpose for which she is seeking the carryover. (c) During the first year of employment, a full time employee with at least six

  • Sick Leave Accrual All eligible employees shall accrue sick leave at the rate of four (4) hours per pay period of continuous employment beginning with their date of eligibility. Eligible employees being paid for less than a full eighty (80) hour pay period shall have sick leave accruals pro-rated in accord with the schedule set forth in Appendix D.

  • Leave Accrual After the first 30 days of active military service in any one calendar year, employees shall not accrue City-paid vacation, holiday, or sick leave benefits or other forms of paid leave; provided, however, that any public employee on military leave for intermittent training periods shall continue to accrue the same vacation, sick, and holiday leave up to a maximum period of 180 cumulative days per calendar year as if the employee had not been on military leave.

  • Accumulation of Vacation Leave Credits An employee shall earn vacation leave credits for each calendar month during which the employee receives pay for at least ten (10) days at the following rate:

  • Deferred Compensation Account The Employer shall maintain on its books and records a Deferred Compensation Account to record its liability for future payments of deferred compensation and interest thereon required to be paid to the Employee or his beneficiary pursuant to this Agreement. However, the Employer shall not be required to segregate or earmark any of its assets for the benefit of the Employee or his beneficiary. The amount reflected in said Deferred Compensation Account shall be available for the Employer's general corporate purposes and shall be available to the Employer's general creditors. The amount reflected in said Deferred Compensation Account shall not be subject in any manner to anticipation, alienation, sale, transfer, assignment, pledge, encumbrance, attachment or garnishment by creditors of the Employee or his beneficiary, and any attempt to anticipate, alienate, transfer, assign or attach the same shall be void. Neither the Employee nor his beneficiary may assert any right or claim against any specific assets of the Employer. The Employee or his beneficiary shall have only a contractual right against the Employer for the amount reflected in said Deferred Compensation Account and shall have the status of general unsecured creditors. Notwithstanding the foregoing, in order to pay amounts which may become due under this Agreement, the Employer may establish a grantor trust (hereinafter the "Trust") within the meaning of Section 671 of the Internal Revenue Code of 1986, as amended. The assets in such Trust shall at all times be subject to the claims of the general creditors of the Employer in the event of the Employer's bankruptcy or insolvency, and neither the Employee nor any beneficiary shall have any preferred claim or right, or any beneficial ownership interest in, any such assets of the Trust prior to the time such assets are paid to the Employee or beneficiary pursuant to this Agreement. The Employer shall credit to said Deferred Compensation Account the amount of any salary to which the Employee becomes entitled and which is deferred pursuant to Section 1 hereof, such amount to be credited as of the first business day of each month. The Employer shall also credit to said Deferred Compensation Account an Interest Equivalent in the amount and manner set forth in Section 3 hereof.

  • Vacation Payout Where an employee requests in writing to have a specific number of vacation days paid out, and the Employer agrees to the request, the Employer will issue pay in lieu of vacation. Pay in lieu of vacation, if agreed, will be granted only after a minimum of 15 days' vacation time has already been taken in the year.

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