Vacation Accrual definition

Vacation Accrual means the total value for all employees of their outstanding vacation hours valued by employee at their current rate of pay.

Split View

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Get StartedBook a Demo

Vacation Accrual. Regular employees shall accrue hours of vacation with pay for each hour of compensation to a maximum of eighty (80) hours per biweekly work period according to the following schedule, commencing with the employee's hire date of his latest period of County employment.

Vacation Accrual. While On Temporary Disability 29

Examples of Vacation Accrual in a sentence

• After having served in the state service for six (6) months, employees shall be credited with the appropriate earned vacation leave and thereafter vacation leave shall be accumulated or prorated on the appropriate schedule as follows for (a) full-time employees; (b) seasonal employees; and (c) part-time employees: Length of State Service: Vacation Accrual Rate: After six months (minimum 1,040 hours) (a) through 5th year; (b) 5th annual season; or, (c) 60th months.

• If the president or his designee chooses to be released from Fire Department duties, one-half of such time, up to 1000 hours per year shall be deducted on a proportional basis, from each member’s Vacation Accrual.

• Adherence to basic laws and the standards of conduct set forth in this agreement Members employed by the City of Cincinnati as of January 15th of the proceeding calendar year shall have deducted from their Vacation Accrual, on a proportional basis, the amount of hours used for Union Business in the prior calendar year.

• Vacation Accrual for fiscal year 11/12: Maximum vacation accumulation shall remain raised by 40 hours (above MOU stated limits) during the 2011/2012 fiscal year.

• Vacation Accrual for fiscal year 10/11: Maximum vacation accumulation shall be raised by 64 hours (above MOU stated limits) during the 2010/2011 fiscal year.

More Definitions of Vacation Accrual

Vacation Accrual shall have the meaning specified in Section 1.3(c).

Vacation Accrual shall have the meaning set forth in Section 1.6(a).

Vacation Accrual. Accrual is based on time worked in affected year. (Normally, accrued vacation will be used prior to the commencement of Deferred Salary Leave; however, utilization may be related to operational needs for program offerings). Annual leave credits are not earned during the period of leave. Increments: Employees on Deferred Salary Leave are entitled to normal anniversary progression. Progression will be activated upon return from Leave.

Vacation Accrual means the aggregate liability for unused vacation time to which employees of the Business who are hired by ▇▇▇▇▇ are entitled as of the Closing (regardless of whether such unused vacation time and sick time is accrued on the books and records of Seller), as mutually agreed upon by ▇▇▇▇▇ and Seller from the books and records of Seller as of Closing.

Vacation Accrual has the meaning specified in Section 2.1. Exhibit A November 13, 1998 SCI Technology, Inc. ▇▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇, ▇▇▇▇▇▇▇ ▇▇▇▇▇ Ladies and Gentlemen: The undersigned has served as counsel to Intergraph Corporation, a Delaware corporation ("Intergraph"), in connection with the negotiation, execution and delivery of that certain Asset Purchase Agreement, dated as of November 13, 1998 (the "Asset Purchase Agreement"), by and between Intergraph and SCI Technology, Inc., an Alabama corporation ("SCI"), and in connection with the transactions provided for and contemplated by the Asset Purchase Agreement and the Transaction Documents (collectively, the "Transactions"). This opinion letter is rendered to you pursuant to Section 6.1(k) of the Asset Purchase Agreement. Capitalized terms used herein and not otherwise defined shall have the meanings ascribed to them in the Asset Purchase Agreement. In giving this opinion, the undersigned has examined originals or documents certified or otherwise identified to his satisfaction as copies of the following documents, and, to the extent deemed appropriate by the undersigned, has relied on the following documents: 1. Asset Purchase Agreement;

Vacation Accrual means the amount to be reflected as an accrued expense within the Estimated EDNA and the Net Assets Statement, representing accrued and unused ▇▇▇ation entitlements of the Company's employees for the period January 1, 2008 through the Effective Time, plus any accrued and unused vacation entitlements carried over from prior calendar years, inclusive in each case of the employer's share of FICA, FUTA and any other applicable payroll Taxes on such amounts.

Vacation Accrual means the accrued paid-time-off Liability of the Business provided for on the Balance Sheet.