Common use of Computation of Credit Clause in Contracts

Computation of Credit. A. All current vacation and sick leave balances shall be converted to earned time off (“ETO”) balances and the provisions of this Article 11 will be implemented as soon as administratively practicable following the effective date of this agreement. B. All earned time off must be approved in advance by one’s supervisor excluding illnesses. The amount of earned time off depends on the amount of seniority. Subject the exception for new employees in subsection (F) below, ETO will be accrued per pay period in accordance with the following schedule: Seniority Accrual Rate < 5 years 1 hour of ETO for each 17.00 hours worked 5 – 10 years 1 hour of ETO for each 14.55 hours worked 10 – 15 years 1 hour of ETO for each 11.80 hours worked 15 – 20 years 1 hour of ETO for each 10.90 hours worked 20 – 25 1 hour of ETO for each 10.00 hours worked > 25 1 hour of ETO for each 9.10 hours worked C. Each hour worked on third shift shall be increased, at the ratio of eight (8) to six and one-half (6-1/2) for the purpose of computing credit. D. Total credit for any pay period will be computed to the nearest tenth of an hour. E. All hours for which an employee is paid will be counted as hours worked in the computation of credit and hours worked at premium rates shall be counted as straight time hours in such computation. F. New employees will receive an advance of 40 hours of ETO credit immediately upon completion of their probationary periods. Therefore, new employees will not begin accruing ETO credit based upon the schedule above until they have worked 680 hours in their first year.