Accrual Formula Sample Clauses
Accrual Formula. In Section 25.01 above, the following accrual formula shall apply:
(a) New employees, following completion of ninety (90) days of service are eligible for earned vacation based on Section 25.01 (a). Example: In hire date: January 1 - June 30 2 weeks’ vacation July 1 - December 31 ((12 months - month hired) / 12 months)) x 10 days
(b) Exceptions to (a) above will be resolved between the Company and the appropriate bargaining unit. Any employee leaving of their own accord will be entitled to their earned vacation provided such employee provides at least two (2) weeks’ notice. When reasonable, all employees planning to resign from the Company will give the Company four (4) weeks prior notice to their departure.
ARTICLE XXVI DEMOTION/DISMISSAL/SUSPENSION
Accrual Formula. In Section 25.01 above, the following accrual formula shall apply:
a. New employees: Following completion of ninety (90) day probationary period vacation equivalent to the pro rata accrual for the months from date of hire to December 31 will be available to employee. • Example: In hire date: January 1 - June 30 2 weeks vacation July 1 - December 31 12 months month hired x 10 12 month
b. Transition or Bridge Service Date: Weeks will be in accordance with appropriate eligible vacation allowance. The employee will not be penalized for any time taken above the pro rata amount of time established. • Example: Transition Date or Bridged Service Date 12 - month receiving service x eligible vacation days
c. Exceptions to (a) and (b) above will be resolved between the Company and the appropriate bargaining unit. When reasonable, all employees planning to resign from the Company will give the company four (4) weeks prior notice to their departure.
Accrual Formula. The number of Warrant Shares which shall be exercisable from time to time under this Warrant (hereafter, the "Accrued Warrant Shares") shall be determined as follows:
Accrual Formula. In Section 25.01 above, the following accrual formula shall apply: New employees: Following completion of ninety (90) day probationary period vacation equivalent to the pro rata accrual for the months from date of hire to December 31 will be available to employee.
Accrual Formula. The vacation credit to which an employee shall be entitled shall be computed in accordance with the following: The number of hours worked (as defined by Section 8.2.1.2) during the accrual period (as defined in Section 8.2.1) divided by the employee vacation accrual factor (as defined below) for years of continuous service within the District. Through the 5th year of service 26.00 During the 6th year of service 23.63 During the 7th year of service 21.66 During the 8th year of service 20.00 During the 9th year of service 18.57 During the 10th year of service 17.33 During the 11th year of service 16.25 During the 12th year of service 15.29 During the 13th year of service 14.44 During the 14th year of service 13.68 During the 15th through 19th years of service 13.00 During the 20th and subsequent years of service 10.40