Maximum Accruals Sample Clauses
The Maximum Accruals clause sets a limit on the total amount of a particular benefit, such as paid time off or vacation days, that an employee can accumulate over time. In practice, once an employee reaches this cap, they stop earning additional accruals until they use some of the benefit and fall below the maximum threshold. This clause helps employers manage liabilities and encourages employees to use their accrued benefits regularly, preventing excessive accumulation that could result in large payouts or operational challenges.
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Maximum Accruals. Employees may accumulate unused vacation to any amount provided that once during each fiscal year each employee's accumulation must be reduced to two hundred and seventy-five (275) hours or less. This must be accomplished on or before the last day of the fiscal year. If not, the amount of vacation shall be automatically reduced to two hundred and seventy-five (275) hours at the end of the fiscal year. Employees on a military leave under Article 10 shall earn and accrue vacation leave as though actually employed, without regard to the maximum accumulation set forth above. Vacation earned in excess of two hundred and seventy-five (275) hours shall be taken within two (2) years of the date the employee returns from military leave.
Maximum Accruals. Vacation leave may be accumulated to a maximum of two hundred seventy-five hours (275). In emergency situations, the Employer or its designee may temporarily suspend the maximum number of hours which may be accumulated. Employees on a military leave shall earn and accrue vacation leave as though actually employed, without regard to the maximum accumulation set forth above. Vacation earned in excess of two hundred seventy-five (275) hours shall be taken within two (2) years of the date the employee returns from military service.
Maximum Accruals. Employees may accumulate unused vacation to any amount provided 14 that once during each fiscal year each employee's accumulation must be reduced to two 15 hundred and seventy-five (275) hours or less. This must be accomplished on or before the last 16 day of the fiscal year. If not, the amount of vacation shall be automatically reduced to two 17 hundred and seventy-five (275) hours at the end of the fiscal year.
Maximum Accruals. Each regular employee shall be permitted to accumulate the unused portion of vacation time to his credit or her credit, provided that it shall be the responsibility of Department Heads to see that an employee does not accumulate credit for vacation in excess of two times the annual accrual rate.
Maximum Accruals. Nurses will not accrue ETO past their two year 14 maximum accrual rate. Once a nurse reaches his/her two year maximum ETO amount 15 he/she will cease to accrue ETO until his/her ETO amount falls below the maximum 16 amount. 17 If the nurse has requested sufficient ETO that would have kept the nurse from 18 reaching their maximum accrual within the six (6) months preceding their reaching the 19 maximum accrual and it was denied, the nurse shall have an additional sixty (60) days 20 in which to use their ETO. If within this additional 60 day period, the nurse is again 1 denied their request to use their ETO, the nurse will be cashed out for all excess ETO
Maximum Accruals. Once a nurse reaches their maximum ETO accrual, 2 they will cease to continue to accrue ETO until their ETO balance falls 3 below the maximum amount. Maximum accrual for ETO will be prorated 4 for part-time nurses.
Maximum Accruals. Bargaining unit members will be eligible to accrue up to a two- year maximum ETO bank based on their years of service and accrual rates as outlined in Article 9.
Maximum Accruals. All PTO in excess of 675 hours remaining as of the first pay period ending on or immediately before November 1 of each year shall be paid in full. The employee may opt to have this paid into their voluntary deferred compensation account 457 Plan, subject to annual limits.
Maximum Accruals. Nurses will be eligible to accrue up to a two-year 25 maximum ETO bank based on his/her their years of service and accrual rates as 26 outlined in Article 9.3. Once a nurse reaches their his/her two-year maximum ETO, 27 he/shethey will cease to continue to accrue ETO until theirhis/her ETO balance falls 28 below the maximum amount. One time per year the nurse is eligible for ETO cash out of 29 up to 80 hours of ETO, when the nurse has a balance of at least 192 hours. It will be the Page 2 of 8 Date Accepted / / Accepted by ▇▇▇ Accepted by Employer 1 nurse’s responsibility to request this cash out one time per calendar year. Maximum 2 accrual for ▇▇▇ will be prorated for part-time nurses.
Maximum Accruals a. Eligible employees who work 40 hours per week and who have worked fewer than 3 years may accrue up to 160 hours of vacation.
b. Eligible employees who work 40 hours per week and who have worked more than 3 years may accrue up to 208 hours of vacation.
c. Eligible employees working less than 40 hours per week may accumulate a maximum up to the pro-rated equivalent of the above caps.
d. Accrual of hours will stop when an employee reaches the limits noted above. Accrual will resume when vacation hours fall below these maximum accruals.