Maximum Carry Over Clause Samples

The Maximum Carry-Over clause sets a limit on the amount of unused benefits, such as vacation days or paid time off, that an employee can transfer from one period (typically a year) to the next. For example, if an employee has accrued more leave than the allowed carry-over limit, any excess may be forfeited or lost at the end of the period. This clause helps employers manage liabilities and encourages employees to use their benefits within a reasonable timeframe, preventing excessive accumulation and ensuring operational predictability.
Maximum Carry Over. Employees are not permitted to carry over more annual leave into the following year than the number of days of leave earned by them in that year unless they receive prior authorization from their immediate Manager.
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Maximum Carry Over. (Full-time only) (a) Employees may carry-over vacation from year to year. The maximum accumulation at any one time shall not exceed one and one-half (1 ½) of the employee’s entitlement. (b) Should an employee accumulate vacation in excess of one and one-half (1 ½) of their entitlement the manager will meet with the employee to schedule the excess vacation by mutual agreement. (c) If the mutually agreed upon vacation plan is not taken, then the manager will schedule the employee off on vacation in order to ensure the excess vacation in excess of one and one-half (1 ½) of the employees’ entitlement is utilized. (d) Vacations may only be carried over in excess of one and one-half (1 ½) of the employees’ entitlement in exceptional circumstances with the approval of the Union, employee and Hospital.
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Maximum Carry Over. On June 30 of each year employees may carry over up to 64 hours into their next year's PTO bank and up to 64 hours may be elected to be deposited into their HCSP at 100% of the value. Any additional amounts remaining in the employee's PTO bank beyond what is carried over or deposited into the HCSP on June 30 will be lost. Employees may not waive PTO and take pay in lieu of leave.
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Maximum Carry Over. If a physician does not use all of the credits in the fiscal year for which they are intended, then the remaining credits, up to the maximum number of pro-rated credits from the previous fiscal year, may be carried over to the following year. For example, if Dr. C (see table above) used eight (8) credits in the 2006-07 fiscal year, then she may transfer four (4) credits to the following fiscal year.
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Related to Maximum Carry Over

  • Maximum Credit Patheon's liability for Active Materials calculated in accordance with this Section 2.2 for any Product in a Year will not exceed, in the aggregate, the Maximum Credit Value set forth in Schedule D to a Product Agreement.

  • Maximum or Minimum Interest Rate If specified on the face hereof, this Note may have either or both of a Maximum Interest Rate or a Minimum Interest Rate. If a Maximum Interest Rate is so designated, the interest rate for a Floating Rate Note cannot ever exceed such Maximum Interest Rate and in the event that the interest rate on any Interest Reset Date would exceed such Maximum Interest Rate (as if no Maximum Interest Rate were in effect) then the interest rate on such Interest Reset Date shall be the Maximum Interest Rate. If a Minimum Interest Rate is so designated, the interest rate for a Floating Rate Note cannot ever be less than such Minimum Interest Rate and in the event that the interest rate on any Interest Reset Date would be less than such Minimum Interest Rate (as if no Minimum Interest Rate were in effect) then the interest rate on such Interest Reset Date shall be the Minimum Interest Rate. Notwithstanding anything to the contrary contained herein, the interest rate on a Floating Rate Note shall not exceed the maximum interest rate permitted by applicable law.

  • Maximum Commitment The maximum aggregate amount payable by NYSERDA to the Contractor shall be the amount appearing at Item 5 of page one of this Agreement. NYSERDA shall not be liable for any costs or expenses in excess of such amount incurred by the Contractor in the performance and completion of the Work.

  • MAXIMUM OUT-OF POCKET EXPENSE means the total amount you pay each plan year for covered healthcare services. We will pay up to 100% of our allowance for the covered healthcare service for the rest of the plan year once you have met the maximum out-of-pocket expense. See the Summary of Medical Benefits for your maximum out-of-pocket expenses.

  • Maximum Charges In no event whatsoever shall interest and other charges charged hereunder exceed the highest rate permissible under law. In the event interest and other charges as computed hereunder would otherwise exceed the highest rate permitted under law, such excess amount shall be first applied to any unpaid principal balance owed by Borrowers, and if the then remaining excess amount is greater than the previously unpaid principal balance, Lenders shall promptly refund such excess amount to Borrowers and the provisions hereof shall be deemed amended to provide for such permissible rate.