Vacation Balance Waiver for Leave Cancellation Sample Clauses

Vacation Balance Waiver for Leave Cancellation. An employee may accumulate vacation to a maximum of twice his or her annual accrual. Vacation accrual shall cease when an employee reaches the maximum allowance. When an employee must cancel a scheduled and approved vacation at the request of management and is not able to reschedule and use vacation prior to attaining his or her maximum allowance, the appointing authority may allow the employee to exceed the maximum allowance and continue to accrue vacation. This “grace period” shall not exceed 3 months, and not more than 1 such “grace period” shall be granted per 12-month period.
AutoNDA by SimpleDocs

Related to Vacation Balance Waiver for Leave Cancellation

  • Effective Date; Termination; Cancellation and Suspension Section 4.01. This Agreement shall come into force and effect on the date upon which the Development Credit Agreement becomes effective. Section 4.02. (a) This Agreement and all obligations of the Association and of Republika Srpska thereunder shall terminate on the earlier of the following two dates: (i) the date on which the Development Credit Agreement shall terminate; or (ii) a date twenty (20) years after the date of this Agreement.

  • Annual Leave upon termination (a) On termination of employment, the value of any accrued but untaken annual leave shall be paid out to an Employee. (b) Leave loading will also apply to annual leave paid out upon termination.

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!