Accumulated Entitlement Sample Clauses

The Accumulated Entitlement clause defines the total amount of benefits, rights, or payments that a party has earned or accrued over a specified period under an agreement. In practice, this clause typically applies to items such as paid leave, bonuses, or other forms of compensation that build up over time, and it outlines how these entitlements are calculated and when they become payable. Its core function is to ensure clarity and fairness by specifying how and when accrued benefits are recognized and distributed, thereby preventing disputes over what a party is owed at any given point.
Accumulated Entitlement. Unused portion of an employee's sick leave shall accumulate to a maximum of one hundred and eighty (180) days.
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Related to Accumulated Entitlement

  • Accumulated Sick Leave ‌ The Employer shall inform all employees at least once each year of the number of sick days accumulated and shall make the information available to an employee on request.

  • Overtime Entitlement (a) An employee will be entitled to compensation for authorized overtime in excess of: (1) the scheduled daily hours; or (2) the maximum daily hours for those employees on flextime; or (3) the agreed averaging period. (b) For the purposes of calculating the hourly rate for overtime, an employee's biweekly rate shall be divided by 70. (c) Overtime shall be compensated in 30-minute increments; however, employees shall not be entitled to any compensation for periods of overtime of less than five minutes per day.

  • Benefit Entitlement When an employee is on a WCB claim all benefits of the Agreement will continue to accrue. However, an employee off work on WCB claim shall receive net wages as defined by (A) above, and benefits equalling but not to exceed their normal entitlement had they not suffered a compensable injury. For the first twenty (20) work days on claim, an employee will accrue paid holidays and vacation credits. Once the claim exceeds twenty (20) work days, paid holidays and vacation credits will not accrue. However, unused vacation credits accrued prior to the claim shall not be lost as a result of this clause.

  • Sick Leave Entitlement ‌ A full-time employee shall earn sick leave credits at the rate of one and one-quarter (1¼) days for each month of service in which pay was received for at least ten (10) days. Sick leave shall accumulate to a maximum of two hundred and fifty (250) days. A part-time employee shall be entitled to sick leave credits on a pro rata basis. Where an employee is absent from work because of illness or injury the employee shall be entitled to claim sick leave at her regular rate of pay for a maximum period equivalent to her accumulated sick leave credit.

  • Leave Entitlement You will be entitled to such number of leaves which shall be in accordance with the policies of the Company and the applicable laws in this regard.