Common use of VACATION ACCRUALS/CREDIT Clause in Contracts

VACATION ACCRUALS/CREDIT. 1. If a campus implements the following Factor Accrual System, an eligible employee shall earn vacation credit each month or quadri-weekly cycle based on the number of hours on pay status for that month or quadri-weekly cycle at the following rates: Years of Qualifying Service Per Hour on Pay Status* Approximate Yearly Earning** Maximum Accumulated Balance Less than 10 0.057692 15 days 240 hours 10 but less than 15 0.069231 18 days 288 hours 15 but less than 20 0.080769 21 days 336 hours 20 or more 0.092308 24 days 384 hours * Hours on pay status, including paid holidays, but excluding all paid overtime hours. **Full time rate.

VACATION ACCRUALS/CREDIT. 1. If a campus implements the following Factor Accrual System, an eligible employee shall earn vacation credit each month or quadri-weekly cycle based on the number of hours on pay status for that month or quadri-weekly cycle at the following rates: Years of Qualifying Service Per Hour on Pay Status* Approximate Yearly Earning** Maximum Accumulated Balance Less than 10 0.057692 .057692 15 days 240 hours 10 but less than 15 0.069231 .069231 18 days 288 hours 15 but less than 20 0.080769 .080769 21 days 336 hours 20 or more 0.092308 .092308 24 days 384 hours * Hours on pay status, including paid holidays, but excluding all paid overtime hours. *** Full time rate.