Maximum Accrual of Vacation Time Sample Clauses

The Maximum Accrual of Vacation Time clause sets a limit on the total amount of vacation leave an employee can accumulate. Typically, once an employee reaches this cap, they stop earning additional vacation hours until they use some of their accrued time and fall below the maximum threshold. This clause helps employers manage staffing levels and prevents excessive accumulation of unused leave, ensuring that employees take regular breaks and that the company’s financial liabilities for unused vacation time remain predictable.
Maximum Accrual of Vacation Time. Effective September 1, 2019, notwithstanding LAAC Section 4.254, employees shall be permitted to accumulate vacation time not to exceed three (3) annual vacation accrual periods.
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Maximum Accrual of Vacation Time. In accordance with Section 4.254 of the LAAC, an employee may accumulate vacation hours of a maximum of two (2) annual vacation periods. Effective September 1, 2019, notwithstanding LAAC Section 4.254, employees shall be permitted to accumulate vacation time not to exceed three (3) annual vacation accrual periods. Such accrued vacation shall either be used by the employee or be paid in cash to the employee upon separation from City service by reason of resignation, discharge, retirement or death. In accordance with Section 4.248 of the LAAC, cash payment shall be at the salary rate current at the date of the separation.
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Related to Maximum Accrual of Vacation Time

  • Vacation Accrual Rates Laid off employees who are re-employed shall have the vacation accrual rate they held immediately prior to layoff restored.

  • Vacation Leave Accrual Rate Schedule Full Years of Service Hours Per Year

  • Accumulation of Vacation Leave Credits An employee shall earn vacation leave credits for each calendar month during which the employee receives pay for at least ten (10) days at the following rate:

  • Accrual of Sick Leave a. A full-time employee shall accrue four (4) hours of sick leave for each biweekly pay period, or the number of hours that are directly proportionate to the number of days worked during less than a full-pay period, without limitation as to the total number of hours that may be accrued. b. A part-time employee shall accrue sick leave at a rate directly proportionate to the percent of time employed. c. An employee appointed under Other Personal Services (OPS) shall not accrue sick leave.

  • Maximum Accrual Vacation credit may be accumulated to a maximum that can be earned in four (4) years. Further accumulation will not continue when the maximum is reached. When an employee’s vacation reaches the maximum level, and if the employee has been denied vacation during the twelve (12) months, the employee will be paid for the time denied but no more than eighty (80) hours in a pay period. 80 hours 320 hours 120 hours 480 hours 160 hours 640 hours 180 hours 720 hours 200 hours 800 hours 240 hours 960 hours