Accrual/Accumulation Sample Clauses

The Accrual/Accumulation clause defines how certain rights, benefits, or obligations build up over time under a contract. Typically, this clause specifies the conditions and timeframes under which items like interest, vacation days, or financial liabilities accumulate, often on a daily, monthly, or annual basis. By clearly outlining the process of accumulation, the clause ensures both parties understand when and how entitlements or obligations increase, thereby preventing disputes and ensuring transparency in the management of ongoing contractual elements.
Accrual/Accumulation. Employees may accrue up to two hundred (200) hours of compensatory time. All overtime or holiday time worked which would result in a compensatory time accumulation of more than two hundred (200) hours and all overtime generated as a result of football games shall be paid and not accumulated as compensatory time. In accordance with the above, employee requests to accrue compensatory time in lieu of pay for all overtime or holiday time worked will be honored.
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Accrual/Accumulation. Employees may accrue up to two hundred forty (240) hours of compensatory time. Any hours worked which would result in the accumulation of over two hundred forty (240) hours of compensatory time will be paid as overtime pay.
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Accrual/Accumulation. Full-time employees will receive ten and one-half (10.5) hours of sick leave for each completed calendar month they are considered in an active pay status. Active pay status includes vacation, sick, personal, Union leave, funeral leave, compensatory time, jury duty, and approved training. Unused sick leave will be cumulative without limit. Overtime will not be counted as hours worked for the purpose of calculating an employee’s sick leave accumulation. Except as provided in Section 5 below, sick leave will not be counted as hours worked for the purpose of determining overtime.
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Accrual/Accumulation. Full- and part-time employees will accrue sick leave at the rate of .061539 hours (the equivalent of 16 days per fiscal year) for each hour compensated at the regular, straight-time rate. Employees shall first be eligible for sick leave after they have completed their probationary period of employment with the Employer. Employees who elect dependent health care coverage will accrue sick leave at the rate of .0461538 hours (12 days per fiscal year) for the entire fiscal year during which they are enrolled for such coverage. Employees shall accumulate sick leave so long as they are in the service of the Employer, subject to the provisions of this Article, to a maximum of l,920 hours of sick leave. Sick leave accumulated after November 30, 1975, if any, shall be used prior to using sick days accumulated prior to November 30, 1975.
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Related to Accrual/Accumulation

  • 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 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

  • 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.

  • Accumulation 1. Originating goods or materials from the territory of a Party, incorporated into a good in the territory of the other Party, shall be considered to be originating in the territory of the other Party. 2. Production carried out by a producer in the territory of a Party may be accumulated with the production of one or more producers in the territory of that Party or the other Party, in such way that the production of the materials incorporated into the good shall be considered as carried out by that producer, provided that the good satisfies the requirements established in Article 3.1 and all other applicable requirements in this Chapter.