Accumulated Credit definition

Accumulated Credit means the total contributions made by a member (or in respect of such member) in terms of the rules, together with a proportionate share of bonus additions (as determined by the underwriter) at the rate of bonus declared on the periodic balances in the allocation account, less the administration charge, the investment service charge and the Personal Risk Benefit premiums;
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Accumulated Credit means the total balances of the Contribution Accounts of a Member.
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Accumulated Credit means the total balances of the Contribution Accounts of a Member, after the cancellation of any Units allocated to them.
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Examples of Accumulated Credit in a sentence

  • Accumulated Credit Leave will be paid out at the employee's normal rate upon resignation, retrenchment, retirement or disablement, or paid to the employee's estate upon death in service.

  • In order for district-sponsored professional development to be used for salary advancement, hours accumulated must be submitted by the bargaining unit member on the Accumulated Credit Request Form.

  • It is the bargaining unit member’s responsibility to attach them as supporting documentation for all creditable hours listed on the Accumulated Credit Report Form.

  • Accumulated Credit Probationary 66 312 Employee - Paragraph (91)(a) of Master Agreement ....................................

  • Accumulated Credit Leave will be paid out at the employee’s normal rate upon resignation, retrenchment, retirement or disablement, or paid to the employee’s estate upon death in service.

  • Accumulated Credit Leave in excess of 72 hours as at the 1st of December each year will be paid out at the employee's annual rate in the December pay.

  • Accumulated Credit Leave in excess of 150 hours as at the 1st of December each year will be paid out at the employee’s annual rate in the December pay.

  • It is the bargaining unit member’s responsibility to attach them as supporting documentation for all creditable hours listed on the Accumulated Credit Request Form.

  • In order for District-sponsored Professional Development to be used for salary advancement, hours accumulated must be submitted by the bargaining unit member on the Accumulated Credit Request Form.

  • Accumulated Credit Leave in excess of 150 hours as at the 1st of December each year will be paid out at the employee's annual rate in the December pay.