Common use of Maximum Accumulations Clause in Contracts

Maximum Accumulations. 12.6.1 Employees may accumulate vacation up to a maximum of two (2) times their annual accrual rate, e.g., an employee earning 20 days/160 hours may not accumulate more than 40 days/320 hours. Employees may exceed the maximum allowed accumulation during a calendar year, provided that the accumulation is reduced to the maximum accumulation on December 31st of any year, and provided, the employee provides at least 2 weeks’ notice of their intent to use this accrued leave. 12.6.2 Accumulated vacation leave below the maximum accrual rate on December 31st may be carried over to the next year. Accumulated vacation leave above the maximum accrual rate on December 31st shall be forfeited, except in circumstances in which the maximum accumulation was exceeded due to the employer’s cancellation of the opportunity to take leave based on business reasons. In such situations, the Employer, the Employee and the Guild will meet and bargain the impacts of any cancelled leave that would put the employee’s accrual above the maximum level. 12.6.3 Employees are responsible for monitoring their accruals and scheduling time off as necessary to preserve the ability to accrue vacation. The Employer may provide to the employees a mid-year review of leave balances and may require employees to establish a plan for use of annual leave for the remainder of the year.