Maximum Balance definition
Examples of Maximum Balance in a sentence
The employee has requested, and been denied, use of vacation prior to reaching his/her Maximum Balance.
The paydown shall be limited to an amount which will leave a remaining balance of no less than seventy-five percent (75%) of the Maximum Balance.
An employee who is on Anti-Terrorist Campaign Leave in support of Operation Enduring Freedom and is, or imminently will be, foregoing vacation credit accruals due to reaching the Maximum Balance, may have vacation credits converted to cash payment as described in section E above and notwithstanding subsection 3 and subsection 4 with the approval of the appointing authority and the Director of Human Resources.
The amount of earnings necessary which, when added to the employee’s existing accumulation, will cause the accumulation to equal the employee’s Maximum Balance.
If, at the end of any payroll period, an employee’s accumulation equals or exceeds the employee’s Maximum Balance, no vacation credits shall be earned by the employee for that payroll period.
Notwithstanding Section 2.E.3 above, an employee who is assigned to a major project or significant workload for which the project or work related activities extends over twelve (12) continuous months or more and the employee is, or imminently will be, foregoing vacation credit accruals due to reaching the Maximum Balance, may have vacation credits converted to a cash payment as described in Section 2.E above.
The County shall notify employees who have reached eighty percent (80%) of their Maximum Balance.
The employee has requested, and been denied, use of vacation prior to reaching their Maximum Balance.
Employees whose vacation accumulation exceeds their Maximum Balance on the effective date of this agreement will not have the excess credits removed except through normal usage (including Catastrophic Leave donations), pay down in accordance with Section 2.E. below, pay off in accordance with Sections 2.F. or 2.G. below, or adjustment required to correct an error.
The paydown shall be limited to a maximum amount of four-thousand dollars ($4,000) per fiscal year, which will leave a remaining balance of no less than seventy-five percent (75%) of the Maximum Balance.