Maximum Withdrawal Sample Clauses
The Maximum Withdrawal clause sets a limit on the amount of funds or resources that can be withdrawn from an account or facility within a specified period. Typically, this clause applies to financial agreements, such as loan facilities or investment accounts, where it restricts the borrower or account holder from exceeding a predetermined withdrawal cap, either per transaction or over a set timeframe. Its core practical function is to manage risk and ensure financial stability by preventing excessive or unexpected outflows that could jeopardize the interests of the other party or the integrity of the account.
Maximum Withdrawal. The maximum number of days that shall be available for withdrawal for employee use in any one year shall not exceed the Bank's maximum capacity as defined in the above Section F, Maximum Capacity.
Maximum Withdrawal. The maximum number of days that can be granted by the Sick Leave Council per request is twenty five (25) days or the maximum number of days available for first through third year Sick Leave Bank members, as outlined below, whichever is less. A member who is eligible for additional days may reapply for more days as needed beyond twenty five (25) days. The maximum number of days that shall be available for individual certificated employee use in any one (1) school year shall be as outlined below:
1) First year Sick Leave Bank member, 10 days
2) Second year Sick Leave Bank member, 15 days
3) Third year Sick Leave Bank member, 20 days
4) Fourth year Sick Leave Bank member, 25 days
5) Fifth year Sick Leave Bank member and beyond, 50 days An individual employee may use no more than one hundred twenty (120) days from the Sick Leave Bank in any ten-year period.
Maximum Withdrawal. The maximum number of days that shall be available to bank members for withdrawal in any one school year shall not exceed the Bank’s maximum capacity. Maximum withdrawal for any individual Bank member shall not exceed the remaining days on the member’s contract.
Maximum Withdrawal. The maximum number of days that shall be available for withdrawal for employee use in any one (1) year shall not exceed the Bank’s maximum capacity, as defined in Section 2.2.5, above. The maximum number of days available for any one individual employee per school year shall not exceed one hundred twenty-five (125) days. The maximum days that can be given per request are twenty-five (25) days. The member may reapply for more days, as needed.
Maximum Withdrawal. The maximum number of days that shall be available for withdrawal for all eligible employees' use in any one (1) year shall not exceed the Banks maximum capacity. The Sick Leave Bank shall not be used for maternity leave unless severe complications exist during pregnancy, delivery, or recovery.
Maximum Withdrawal. An eligible member may withdraw no more than sixty (60) days from the bank in any one (1) year period, subject to the availability of days in the bank. An eligible member may withdraw no more than one hundred eighty (180) days from the bank during his or her lifetime employment at SWBOCES, subject to the availability of days in the bank.
Maximum Withdrawal. Except as provided hereafter an eligible member may withdraw no more than eighty (80) days from the bank in any one (l) year period, subject to the availability of days in the bank. An eligible member may withdraw no more than one hundred eighty (180) days from the bank during his or her lifetime, subject to the availability of days in the bank. Unit members during their first three years of employment may not withdraw more than five days per year.