Leave Calculation Sample Clauses

The LEAVE CALCULATION clause defines how an employee's leave entitlements are determined and managed under the agreement. It typically outlines the method for accruing leave, such as annual, sick, or personal leave, and may specify the rate at which leave is earned, how unused leave is carried over, and any limitations or conditions on taking leave. By clearly setting out these rules, the clause ensures both parties understand their rights and obligations regarding time off, reducing the risk of disputes and promoting fair and consistent leave management.
Leave Calculation. In the event that an employee becomes ill during working hours and is placed on paid sick leave prior to the close of the work period, such paid sick leave shall be calculated to the nearest one-quarter (1/4) hour, or such lesser period as required by the Fair Labor Standards Act (FLSA) or Oregon State Law.
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Leave Calculation. Section 1.1 In order to determine an employee day, leave is calculated on the employee’s total number of regularly scheduled work hours per week divided by five (5).
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Leave Calculation. For all leaves, the time used shall be incurred at quarter-hour increments, with a one-hour minimum amount.
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Leave Calculation. All leave (Sick and Annual) will be calculated on an hourly basis with each day representing seven (7) hours.
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Leave Calculation. Annual leave accrues, in arrears, on a pro-rata basis for each completed four weeks period of employment. Pro-rata is a proportion of a whole entitlement. This means that the leave is credited to the employee 13 times a year.
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Leave Calculation. In computati on of time off for Officers, leave shall be calculated to the nearest day; 0.5 or more of a day's leave shall constitute a full day.
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Related to Leave Calculation

  • Payment Calculation District shall pay Contractor at a rate of $ per . District shall pay Contractor as described in attached Exhibit A

  • Interest Calculation Interest on the outstanding principal balance of the Loan shall be calculated by multiplying (a) the actual number of days elapsed in the period for which the calculation is being made by (b) a daily rate based on a three hundred sixty (360) day year by (c) the outstanding principal balance.

  • Subsequent Recalculation In the event the Internal Revenue Service adjusts the computation of the Company under Section 5.2 herein so that the Executive did not receive the greatest net benefit, the Company shall reimburse the Executive for the full amount necessary to make the Executive whole, plus a market rate of interest, as determined by the Committee, within 30 days after such adjustment.

  • Interest Calculations Interest shall be calculated on the basis of a 360-day year, consisting of twelve 30 calendar day periods, and shall accrue daily commencing on the Original Issue Date until payment in full of the outstanding principal, together with all accrued and unpaid interest, liquidated damages and other amounts which may become due hereunder, has been made. Interest hereunder will be paid to the Person in whose name this Note is registered on the records of the Company regarding registration and transfers of this Note (the “Note Register”).

  • Interest Rates Payments and Calculations (a) Interest Rates. From the Effective Date, all Obligations charged to the Loan Account with respect to the Loans shall, subject to Section 2.5(c)(ii), bear interest payable in cash on the Outstanding Amount at a rate per annum equal to ABR plus the Applicable Margin and shall be payable in accordance with Section 2.5(c).