Vacation Credit Accumulation Sample Clauses

Vacation Credit Accumulation. (a) Effective April 1, 1995, annual leave shall be credited in accordance with the New York State Attendance Rules. (b) Vacation credits may be accumulated up to 40 days; provided, however, that in the event of death, retirement or separation from service, an employee compensated in cash for the accrued and unused accumulation may only be so compensated for a maximum of 30 days. (c) An employee’s vacation credit accumulation may exceed the maximum, provided, however, that the employee’s balance of vacation credits may not exceed 40 days on April 1 of any year.
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Vacation Credit Accumulation. Vacation credit shall not be accumulated beyond four hundred (400) hours.
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Vacation Credit Accumulation. In the event an EMPLOYEE does not take all of the vacation to which they are entitled to in any fiscal year, the balance may be accumulated to be taken in a subsequent fiscal year.
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Vacation Credit Accumulation. Vacation credits may be accumulated up to fifty (50) days; provided, however, that in the event of death, retirement or separation from service, an employee compensated in cash for the accrued and unused accumulation may only be so compensated for a maximum of forty (40) days.
Sample 1
Vacation Credit Accumulation a. Vacation credits may be accumulated up to 40 days provided, however, that in the event of death, retirement or separation from service, an Employee H:\UAW\2007-11 Collective Bargaining Agreement\UAW\FINALUAW Contract 2007-2011.doc 18 compensated in cash for accrued and unused accumulation may only be so compensated for a maximum of 30 days. b. An Employee may accumulate more than 40 days of vacation credits during a calendar year provided, however, that the Employee's balance of vacation credits does not exceed 40 days at the end of such calendar year.
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Vacation Credit Accumulation. In the event an EMPLOYEE who has served continuously for at least twelve months does not take all of the vacation to which entitled in a single year, the EMPLOYEE shall be allowed to accumulate the balance to be taken in a subsequent year.
Sample 1
Vacation Credit Accumulation a. EMPLOYEES may accumulate unused vacation/administrative leave up to, but not exceeding, 540 hours. EMPLOYEES with ten (10) years of continuous uninterrupted service may accumulate unused vacation/administrative leave up to, but not exceeding, 620 hours. Except as provided in the case of denial described below, each employee will cease to accrue vacation/administrative leave once he/she reaches this cap. b. Mid-management and professional EMPLOYEES have the option of 100% cash reimbursement for unused paid vacation at any time provided that they have used at least 80 hours of vacation/administrative leave during the preceding year (26 pay periods). c. If an employee provides a documented denial of his/her request for use of vacation within the preceding 12 months, his/her cap will be extended by the amount of leave denied for an additional one year from the date of denial.
Sample 1
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Vacation Credit Accumulation a. Policy (i) Employees shall accrue vacation hours if his/her balance is below 540 hours. (ii) Employees who have 10 or more years of continuous uninterrupted service shall accrue vacation hours if his/her balance is below 620 hours. (iii) Employees can only exceed cap if there is a documented denial of use within preceding 12 months. The cap will then be extended by the amount denied for one year from date of denial.
Sample 1
Vacation Credit Accumulation. Effective January 1, 1991, each employee shall establish a bank of vacation credits equal to the employee's vacation credit entitlement for the calendar year 1990. Vacation credits may be taken by the employee, from this vacation credit bank as operational requirements permit or retained in whole or in part for liquidation on separation from employment. DATE: August 4, 2015 FOR THE EMPLOYER: FOR THE UNION: Xxx. Xxxxxxx Xxxxxxx Xxxxx Xxxxxx-Xxxxxx Xxx. Xxxxx Xxxxxx Xxxxx Xxxxxxx Xxxx Xxxxx Xxxxx XxXxxxx Xxxxx XxXxxxxx Xxxxxxxx Xxxxxxx Xxx Xxxxxx Xxxxxx Xxxxxxx Xxxxxx Xxxxxxx -Xxxxxxxx A Letter of Agreement for those Conservation Officers who are assigned and perform enforcement duties. The Employer agrees to pay a flat rate of eighty dollars (80.00) bi-weekly to those employees (Conservation Officers) who perform enforcement duties. This additional compensation will be paid on a bi-weekly basis while enforcement duties are performed. DATE: August 4, 2015 FOR THE EMPLOYER: FOR THE UNION: Xxx. Xxxxxxx Xxxxxxx Xxxxx Xxxxxx-Xxxxxx Xxx. Xxxxx Xxxxxx Xxxxx Xxxxxxx Xxxx Xxxxx Xxxxx XxXxxxx Xxxxx XxXxxxxx Xxxxxxxx Xxxxxxx Xxx Xxxxxx Xxxxxx Xxxxxxx Xxxxxx Xxxxxxx -Xxxxxxxx The Placing and Recalling of Seasonal Employees from Inactive Status at the Department of Natural Resources Notwithstanding Articles 17.02 and 17.06, the parties agree to the following procedure. Seasonal employees will be required to file a form with the Human Resources Branch of the Department of Natural Resources by July 1 of a given year, indicating the specific districts or branches where they choose to exercise their right of layoff and recall, for either short term (4 weeks or less) or long term (greater than 4 weeks) opportunities. The content of these forms will be effective from July 1 to June 30 of the following year, unless an employee submits a written request for revision to the Human Resources Branch of the Department of Natural Resources. Failure to accept an opportunity consistent with a stated preference, unless for a valid reason, will result in an employee not being offered any further opportunities outside of his assigned district for the remainder of the twelve
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Related to Vacation Credit Accumulation

  • 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

  • Vacation Credit Any outstanding vacation entitlement for a person going on LTD will be paid in cash upon expiry of sick leave. The cash payment will be calculated on the base earnings at the expiration of sick leave for the prorated days of vacation entitlement, any outstanding lieu days, any outstanding floating statutory holidays, and banked time for 40-hour per week employees. No vacation entitlement, floating holidays, or banked time for 40-hour per week employees accrues while a member is in receipt of LTD benefits.

  • Vacation Credits All employees shall participate in the County’s Terminal Pay Plan (Plan). However, only the terminal paychecks (including unused vacation) of those employees who have reached the age of fifty-five (55) shall be placed into the Plan. These terminal paychecks shall be placed into the Plan on a pre-tax basis in accordance with the Plan, all applicable laws and all rules and regulations applicable to the Plan.

  • Sick Leave Accumulation (a) An employee is eligible to accumulate sick leave with full pay at the rate of 16 working hours for each 173 1/3 hours of service. (b) The maximum number of days of sick leave which may be awarded to an employee during any consecutive twenty (20) year period of service shall not exceed 3840 hours.

  • Maximum Accumulation An employee may accumulate earned leave, excluding the separate vacation balance, if any, to a maximum of twice their annual time management accumulation. As of the end of the pay period in which March 31 falls in each year, any employee credited with accrued leave greater than twice their annual leave accumulation shall forfeit that amount above their maximum accumulation. An employee who has acquired the maximum allowable accumulation of earned leave may continue to accumulate earned leave for the balance of the year in which the maximum accrual was reached, provided, however, that the employee must reduce the accumulation to the maximum allowable prior to the following March 31 or forfeit the excess.

  • 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.

  • 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:

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

  • Vacation Leave Accrual Rate Schedule Full Years of Service Hours Per Year

  • Controlled Accumulation Period The Controlled Accumulation Period is scheduled to commence at the beginning of business on the Controlled Accumulation Date. On each Determination Date until the Controlled Accumulation Date, the Issuer shall review the amount of expected Principal Collections and determine the Controlled Accumulation Period Length; provided, that if the Controlled Accumulation Period Length (determined as described below) on any Determination Date is less than or more than the number of months in the scheduled Controlled Accumulation Period, upon written notice to the Indenture Trustee, with a copy to each Rating Agency, the Issuer shall either postpone or accelerate, as applicable, the Controlled Accumulation Date, so that as a result, the number of Monthly Periods in the Controlled Accumulation Period will equal the Controlled Accumulation Period Length; provided, that the length of the Controlled Accumulation Period will not be less than one (1) month. The “Controlled Accumulation Period Length” will mean a number of whole months such that the amount available for payment of principal on the Notes and the reduction of the Principal Overcollateralization Amount on the Expected Principal Payment Date is expected to equal or exceed the Note Principal Balance plus the Principal Overcollateralization Amount, assuming for this purpose that (1) the weighted average principal payment rate on the Receivables held by the Issuer will be no greater than the lowest weighted average monthly principal payment rate for the Receivables held by the Issuer for the prior twelve (12) Monthly Periods, (2) the total amount of Principal Receivables held by the Issuer in the Trust (and the principal amount on deposit in the Excess Funding Account, if any) remains constant at the level on such date of determination, (3) no Early Amortization Event with respect to any Series will subsequently occur and (4) no additional Series (other than any Series being issued on such date of determination) will be subsequently issued by the Issuer. Any notice by the Issuer modifying the commencement of the Controlled Accumulation Period pursuant to this Section 4.12 shall specify (i) the Controlled Accumulation Period Length and (ii) the commencement date of the Controlled Accumulation Period.

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