Additional Accrual Sample Clauses

The Additional Accrual clause defines how extra amounts, such as interest or benefits, accumulate beyond the standard terms set in an agreement. Typically, this clause specifies the conditions under which these additional amounts begin to accrue, the calculation method, and the applicable time periods. For example, it may apply when a payment is overdue, causing extra interest to accumulate until the debt is settled. The core function of this clause is to incentivize timely performance and compensate the party owed for delays or extended obligations.
Additional Accrual. The following permanent and probationary employees shall accrue an additional day of personal leave for each full month in pay status in addition to the accrual provided for in this section: Employees at the ▇▇▇▇▇▇-▇▇▇▇▇▇▇ Wastewater Treatment Plant who are employed as operators, mechanics and laborers; Employees at the ▇▇▇▇▇▇▇▇▇▇ Wastewater Treatment Plant who are employed as operators, mechanics and laborers; The purpose of this section is to compensate the above-listed positions which do not receive additional pay or time off for holidays - see Article 10, Section 3.
View SourceView Similar (3)
Additional Accrual. The Employer may authorize additional compensatory days in extraordinary circumstances, at the request of the employee or the Union. Such earned compensatory time must be scheduled and used within one hundred twenty (120) calendar days of accrual.
View Source
Additional Accrual. In addition to the Administrative Leave set forth above, the Department Head may approve additional Administrative Leave on a case-by-case basis of up to a maximum of thirty (30) hours per calendar year. Furthermore, the City Manager may approve additional Administrative Leave on a case by case basis, up to a maximum of thirty (30) hours per calendar year. Basic and Additional accrual of Administrative Leave may not total more than a maximum annual
View Source
Additional Accrual. The following permanent and probationary employees shall accrue an additional day of personal leave for each full month in pay status in addition to the accrual provided for in this section: Employees at the ▇▇▇▇▇▇-▇▇▇▇▇▇▇ Wastewater Treatment Plant who are employed as operators, mechanics and laborers; Employees at the ▇▇▇▇▇▇▇▇▇▇ Wastewater Treatment Plant who are employed as operators, mechanics and laborers; The purpose of this section is to compensate the above-listed positions which do not receive additional pay or time off for holidays - see Article 10, Section 3. An employee who does not use the additional personal leave by the last day of the last full pay period ending in November, shall be paid for the unused portion at the employee’s regular rate of pay. When payment is made, such leave will be deducted from the employee’s leave balance. For purposes of this section, an additional day of leave per month equates to 3.5 hours of leave each biweekly pay period for an employee who regularly works 37.5 hours per week; and 3.7 hours of leave each biweekly pay period for an employee who works 40 hours or more per week.
View Source
Additional Accrual. Employees shall continue to accrue seniority during the following: A. absence while on approved paid leave not exceeding two (2) years; B. military leave of absence.
View Source

Related to Additional Accrual

  • Additional Accounting Services Ultimus shall also perform the following additional accounting services for each Portfolio: (i) Provide monthly (or as frequently as may reasonably be requested by the Trust or a Portfolio's investment adviser) a set of financial statements for each Portfolio as described below, upon request of the Trust: Statement of Assets and Liabilities Statement of Operations Statement of Changes in Net Assets Security Purchases and Sales Journals Portfolio Holdings Reports (ii) Provide accounting information for the following: (A) federal and state income tax returns and federal excise tax returns; (B) the Trust's semi-annual reports with the SEC on Form N-SAR; (C) the Trust's annual, semi-annual and quarterly (if any) shareholder reports; (D) registration statements on Form N-1A and other filings relating to the registration of shares; (E) Ultimus' monitoring of the Trust's status as a regulated investment company under Subchapter M of the Internal Revenue Code, as amended; (F) annual audit by the Trust's auditors; and (G) examinations performed by the SEC.

  • Optional Acceleration Subject to Section 7.03, if an Event of Default (other than an Event of Default set forth in Section 7.01(A)(ix) or 7.01(A)(x) with respect to the Company and not solely with respect to a Significant Subsidiary of the Company) occurs and is continuing, then the Trustee, by notice to the Company, or Holders of at least twenty five percent (25%) of the aggregate principal amount of Notes then outstanding, by notice to the Company and the Trustee, may declare the principal amount of, and all accrued and unpaid interest on, all of the Notes then outstanding to become due and payable immediately.

  • Additional Actions If, at any time after the Effective Time, the Surviving Corporation shall consider or be advised that any deeds, bills of sale, assignments, assurances or any other actions or things are necessary or desirable to vest, perfect or confirm of record or otherwise in the Surviving Corporation its right, title or interest in, to or under any of the rights, properties or assets of Merger Sub or the Company or otherwise carry out this Agreement, the officers and directors of the Surviving Corporation shall be authorized to execute and deliver, in the name and on behalf of Merger Sub or the Company, all such deeds, bills of sale, assignments and assurances and to take and do, in the name and on behalf of Merger Sub or the Company, all such other actions and things as may be necessary or desirable to vest, perfect or confirm any and all right, title and interest in, to and under such rights, properties or assets in the Surviving Corporation or otherwise to carry out this Agreement.

  • Additional Access Rights For the avoidance of doubt any grant of Access Rights not covered by the Grant Agreement or this Consortium Agreement shall be at the absolute discretion of the owning Party and subject to such terms and conditions as may be agreed between the owning and receiving Parties.

  • Additional Action 10.1 Each Party to this Agreement shall execute and deliver such other documents and do such other acts and things as may be reasonably necessary or desirable to give effect to the provisions of this Agreement. 10.2 Nothing contained in the Agreement shall be construed as creating an obligation on the part of either Party to refrain from entering into a business relationship with any third party. Nothing contained in the Agreement shall be construed as creating a joint venture, partnership or employment relationship between the Parties. Except as specified herein, neither Party shall have the right, power or implied authority to create any obligation or duty (express, implied or otherwise) on behalf of the other Party. For the avoidance of doubt, nothing in this Agreement shall oblige either of the Parties to enter into any agreements or transactions whatsoever.