Method of Earning Sample Clauses

The "Method of Earning" clause defines how compensation, fees, or other benefits are accrued or become payable under an agreement. It typically outlines the specific actions, milestones, or conditions that must be met for a party to earn payment, such as completion of services, delivery of goods, or achievement of performance targets. By clearly specifying the criteria for earning, this clause helps prevent disputes over when and how payments are due, ensuring both parties understand their obligations and entitlements.
Method of Earning. A. Date of hire to less than five years of service = 1 day a month accrual (maximum 12 days). B. Five to less than ten years of service = 1-1/2 days a month accrual (maximum 18 days). C. Ten to less than fifteen years of service = 2 days a month accrual (maximum 24 days). D. Fifteen to less than twenty years of service = 2.08 days a month accrual (maximum 25 days). E. Twenty years of service or more = 2.17 days a month accrual (maximum 26 days).
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Method of Earning. An employee shall earn one sick day for the purpose of this section for each month a full-time employee works at least one-half of the scheduled work days during a calendar month. (Reference: time worked -- as defined in Article 13, Paragraph D.)
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Method of Earning. A regular full-time employee shall earn one (1) sick day for each month he/she works at least eighteen (18) work days during a calendar month. (For purposes of this section only, annual leave, sick leave, personal business and holidays shall be considered time worked.)
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Related to Method of Earning

  • Severance Allowance A laid-off employee shall be entitled to severance allowance pursuant to Article 55.

  • Isolation Allowance ‌ Employees in the following Communities shall receive an Isolation Allowance of $74.00 per month. Alert Bay ▇▇▇▇▇ Lake Chetwynd ▇▇▇▇▇▇ Creek ▇▇▇▇▇ Lake Fort ▇▇▇▇▇▇ Fort St. ▇▇▇▇▇ Fort St. ▇▇▇▇ ▇▇▇▇▇▇ Lake Gold River Hazelton Houston Hudson Hope Kitimat ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇ Nakusp New Denver Port ▇▇▇▇▇ Port Hardy Port ▇▇▇▇▇▇▇ Pouce Coupe Prince ▇▇▇▇▇▇ ▇▇▇▇▇ Charlotte Islands ▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇ Tahsis Terrace Tofino Tumbler Ridge Valemount Vanderhoof Waglisla

  • Living Away From Home Allowance When Employees are to be engaged on a Project requiring them to live away from home, the provisions of Appendix I will apply in determining their entitlement and the conditions whilst they are living away from home.

  • Retirement Allowance Prior to issuing notice of layoff pursuant to article 9.08(a)(ii) in any classification(s), the Hospital will offer early-retirement allowance to a sufficient number of employees eligible for early retirement under HOOPP within the classification(s) in order of seniority, to the extent that the maximum number of employees within a classification who elect early retirement is equivalent to the number of employees within the classification(s) who would otherwise receive notice of layoff under article 9.08(a)(ii). An employee who elects an early retirement option shall receive, following completion of the last day of work, a retirement allowance of two weeks' salary for each year of service, plus a prorated amount for any additional partial year of service, to a maximum ceiling of 26 weeks' salary, and, in addition, full-time employees shall receive a single lump-sum payment equivalent to $1,000 for each year less than age 65 to a maximum of $5,000 upon retirement."

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