Less than Five Years Sample Clauses

Less than Five Years. An employee with less than five (5) years of continuous service 27 shall accrue one (1) day per month (12 days per year)
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Less than Five Years. Twelve (12) Days Per Year Less than 10,440 12 straight time hours of continuous service, 0.0462 hours per straight time hour worked, 13 or on paid leave cumulative to two-hundred-twenty-four (224) hours. After six (6) 14 months of service, an employee shall be entitled to six (6) days (i.e., forty-eight (48) 15 hours) vacation.
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Less than Five Years. The employee’s grade and progression step shall be maintained and negotiated increases shall apply for sixteen weeks from the surplus date regardless of placement. If the employee accepts a vacancy in a lower-rated classification his/her dollar rate shall be frozen at the end of sixteen weeks for a period of three months at which time a four percent reduction in rate will take place. Subsequent reductions of four percent will take place annually thereafter until the maximum rate for the lower-rated job is reached.
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Related to Less than Five Years

  • Years If the employee has ten (10) years but less than sixteen (16) years of continuous service with the Employer, the employee shall be entitled to a lump sum payment equal to seven (7) months pay at the rate of pay the employee was earning at the time the position became redundant or surplus.

  • months The provisions of the Contract will apply (subject to any Variation or adjustment to the Contract Price pursuant to clause C4 (Price adjustment on extension of the Initial Contract Period)) throughout any such extended period.

  • Carry Forward to a Subsequent Year If you do not withdraw the excess contribution, you may carry forward the contribution for a subsequent tax year. To do so, you under-contribute for that tax year and carry the excess contribution amount forward to that year on your tax return. The six percent excess contribution penalty tax will be imposed on the excess amount for each year that it remains as an excess contribution at the end of the year. You must file IRS Form 5329 along with your income tax return to report and remit any additional taxes to the IRS.

  • consecutive months If the Employer extends an individual employee’s trial service period, the Employer will provide the employee with written reasons for the extension. Employees in an in-training appointment will follow the provisions outlined in Subsection 4.3 E.