Conditions for Accrual Clause Samples

The 'Conditions for Accrual' clause defines the specific requirements that must be met before certain rights, obligations, or benefits under an agreement become effective or are recognized. Typically, this clause outlines events, actions, or milestones—such as the completion of a service, delivery of goods, or achievement of performance targets—that trigger the accrual of payments, interest, or other entitlements. By clearly specifying these conditions, the clause ensures that parties understand when their respective rights or duties commence, thereby reducing ambiguity and helping to prevent disputes over timing or entitlement.
Conditions for Accrual. Employees will accrue Vacation Leave per pay period at the annual rate set forth in Section 28.4. In addition, an employee will not earn the full vacation accrual in a given pay period unless they are in full pay status (i.e. on duty or on approved Leave With Pay) in the entire pay period. In the event an employee is not in full pay status during the entire pay period, the employee will accrue vacation on a pro-rated basis taking into account the number of hours in full pay status during the pay period and the rate of accrual at that given time. The formula for pro-rating the employee’s accrual under such circumstances will be the number of hours in full pay status multiplied by the converted hourly accrual rate.
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Conditions for Accrual. Each member shall accrue vacation leave by pay period at the annual rate of workdays based on completed years of service as an employee of the City of Gahanna, or other law enforcement agencies, according to the schedules contained in Section 3 of this Article. In computing years of service, the higher rate of accrual will begin on the first day of the first pay period following the bi-weekly pay period in which a year of service is completed. Proof of full time service with another law enforcement agency must be submitted to the Department of Human Resources within one year of the member’s date of hire with the City of Gahanna. The proof of service should include, at minimum, the member’s name, dates of service, position title, and verification of full time status written on the letterhead of the law enforcement agency and signed by the appropriate personnel of that agency.
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Conditions for Accrual. Members shall accrue vacation leave by pay period at the annual rate set forth in Section 3, below, based upon years of continuous full-time service. A member may not use any accrued vacation until completion of one (1) year of continuous active service.
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Conditions for Accrual. Members shall accrue vacation leave by pay period at the annual rate set forth in Section 23.3, based upon years of continuous active service. A new member having less than one year of prior public service as defined in Section 23.8, shall accrue but not use vacation until completion of six (6) months of service with the City. A new member with more than one (1) year of prior public service shall be entitled to accrue and use vacation leave immediately upon appointment in accordance with the schedule in Section 23.3. In addition, a member shall not earn the member’s full vacation accrual in a given pay period unless the member is in full pay status (i.e. on duty or on approved leave with pay) in the entire pay period. In the event a member is not in full pay status during the entire pay period, the member shall accrue vacation leave on a pro-rated basis taking into account the number of hours in full pay status during the pay period and the member’s rate of accrual at that given time. The formula for pro-rating the members accrual under such circumstances shall be the number of hours in full pay status multiplied by the converted hourly accrual rate.
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Conditions for Accrual. Employees shall accrue vacation leave by pay period at the annual rate set forth in Section 25.3, based upon years of continuous active service. A new member having less than one year of prior public service shall accrue but not use vacation until completion of six (6) months of service with the City. A new member with more than one (1) year of prior public service shall be entitled to accrue and use vacation leave immediately upon appointment in accordance with the schedule in Section 25.3. An employee shall not earn full vacation accrual in a given pay period unless the employee is in full pay status (i.e. on duty or on approved leave with pay) in the entire pay period. In the event an employee is not in full pay status during the entire pay period, the employee shall accrue vacation on a pro-rated basis taking into account the number of hours in full pay status during the pay period and the employee’s rate of accrual at that given time. The formula for pro-rating the employee’s accrual under such circumstances shall be the number of hours in full pay status multiplied by the converted hourly accrual rate. An employee who has prior public service with any state government, or any political subdivision thereof, may receive credit for the employee’s prior service with such entity for the purpose of computing the amount of the employee’s vacation leave with the City, if the nature of said service is relevant to the nature of the employee’s service with the City.
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Conditions for Accrual. Each member shall accrue vacation leave by payperiod based on years of total service which is established in the schedules contained in Section 27.3 of this Article. Years of
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Conditions for Accrual. Employees shall accrue vacation leave by pay period at the annual rate set forth in Section 25.3, based upon years of continuous active service. A new member having less than one year of prior public service shall accrue but not use vacation until completion of six (6) months of service with the City. A new member with more than one (1) year of prior public service shall be entitled to accrue and use vacation leave immediately upon appointment in accordance with the schedule in Section 25.3. An employee shall not earn full vacation accrual in a given pay period unless the employee is in full pay status (i.e. on duty or on approved leave with pay) in the entire pay period. In the event an employee is not in full pay status during the entire pay period, the employee shall accrue vacation on a pro-rated basis taking into account the number of hours in full pay status during of accrual at that given time. The formula for pro-rating multiplied by the converted hourly accrual rate. An employee who has prior public service with any state government, or any political subdivision is relevant to
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Conditions for Accrual. Employees shall accrue vacation leave by pay period at the annual rate set forth in Section 25.3, based upon years of continuous active service. A new member having less than one year of prior public service shall accrue but not use vacation until completion of six (6) months of service with the City. A new member with more than one (1) year of prior public service shall be entitled to accrue and use vacation leave immediately upon appointment in accordance with the schedule in Section 25.3. Employees shall accrue vacation leave per pay period at the annual rate set forth in Section 25.3.An employee shall not earn full vacation accrual in a given pay period unless the employee is in full pay status (i.e. on duty or on approved leave with pay) in the entire pay period. In the event an employee is not in full pay status during the entire pay period, the employee shall accrue vacation on a pro-rated basis taking into account the number of hours in full pay status during the pay period and the employee’s rate of accrual at that given time. The formula for pro-rating the employee’s accrual under such circumstances shall be the number of hours in full pay status multiplied by the converted hourly accrual rate. An employee who has prior public service with any state government, or any political subdivision thereof, may receive credit for the employee’s prior service with such entity for the purpose of computing the amount of the employee’s vacation leave with the City, if the nature of said service is relevant to the nature of the employee’s service with the City. A new employee of the City with less than one (1) year of prior public service, as described under this Section shall not, within the first six (6) months of the employee’s employment with the City, accrue or use vacation leave and, during the remaining six
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Conditions for Accrual. Members shall accrue vacation leave by pay period at the annual rate set forth in Section 23.3, based upon years of continuous active service. A new member having less than one year of prior public service as defined in Section 23.8, shall accrue but not use vacation until completion of six (6) months of service with the City. A new member with more than one (1) year of prior public service shall be entitled to accrue and use vacation leave immediately upon appointment in accordance with the schedule in Section 23.3. In addition, member is in full pay status (i.e. on duty or on approved leave with pay) in the entire pay period. In the event a member is not in full pay status during the entire pay period, the member shall accrue vacation leave on a pro-rated basis taking into account the number of hours in full pay pro-rating the members accrual under such circumstances shall be the number of hours in full pay status multiplied by the converted hourly accrual rate.
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Related to Conditions for Accrual

  • Conditions for Advance and Conditions to Closing Section 7.1.

  • Conditions for Award of Contract The Borrower shall not award any Works contract which involves environmental impacts until:

  • Conditions to Effective Date It shall be a condition to the Effective Date that each of the following conditions shall have been satisfied or waived as of such date, and upon such satisfaction or waiver, this Agreement shall be effective: (a) this Agreement shall have been duly executed and delivered by the parties hereto; (b) the VMTP Shares shall have a long-term issue credit rating of AAA (or its equivalent) from at least one Rating Agency on the Effective Date; (c) the Fund shall have obtained from Moody’s written confirmation that the issuance of the VMTP Shares by the Fund will not, in and of itself, result in a reduction, placement on review for possible downgrade, or withdrawal of the ratings then assigned by Moody’s to the Auction Preferred Shares; (d) receipt by the Purchasers of executed originals, or copies certified by a duly authorized officer of the Fund to be in full force and effect and not otherwise amended, of all Related Documents (other than the global shares representing the VMTP Shares), as in effect on the Effective Date, and an incumbency certificate with respect to the authorized signatories thereto; (e) receipt by the Purchasers of opinions of counsel for the Fund, substantially to the effect of Exhibit A; (f) except as disclosed in the Offering Memorandum, there shall not be any pending or threatened material litigation of the nature described in Section 4.5 (unless such pending or threatened litigation has been determined by each of the Purchasers to be acceptable); (g) the fees and expenses payable no later than the Effective Date pursuant to Section 2.2(b)(i) hereof shall have been paid; (h) Each of the Purchasers, in its reasonable discretion, shall be satisfied that no change in law, rule or regulation (or their interpretation or administration), in each case, shall have occurred which will adversely affect the consummation of the transaction contemplated by this Agreement; (i) there shall have been delivered to the Purchasers any additional documentation and financial information, including satisfactory responses to its due diligence inquiries, as it reasonably deems relevant; and (j) there shall have been delivered to the Purchasers such information and copies of documents, approvals (if any) and records certified, where appropriate, of trust proceedings as any of the Purchasers may have reasonably requested relating to the Fund’s entering into and performing this Agreement and the other Related Documents to which it is a party, and the transactions contemplated hereby and thereby. The Fund and each of the Purchasers agree that consummation of the Purchase pursuant to this Agreement shall constitute acknowledgment that the foregoing conditions have been satisfied or waived.

  • Performance of Covenants and Satisfaction of Conditions To use its reasonable best efforts to do and perform all things required to be done or performed under this Agreement by the Company prior to each Closing Date and to satisfy all conditions precedent to the delivery of the Firm Stock and the Optional Stock.

  • Contract Provisions for Orders Utilizing Federal Funds Pursuant to Appendix II to 2 Code of Federal Regulations (CFR) Part 200, Contract Provisions for Non-Federal Entity Contracts Under Federal Awards, Orders funded with federal funds may have additional contractual requirements or certifications that must be satisfied at the time the Order is placed or upon delivery. These federal requirements may be proposed by Participating Entities in Participating Addenda and Purchasing Entities for incorporation in Orders placed under this Master Agreement.