Monthly Accrual Sample Clauses

The Monthly Accrual clause establishes that certain fees, charges, or obligations accumulate on a monthly basis throughout the term of an agreement. In practice, this means that amounts owed—such as service fees, interest, or usage charges—are calculated and recorded each month, regardless of when payment is actually made. This clause ensures that financial responsibilities are tracked regularly, providing clarity for both parties and preventing disputes over the timing or amount of accrued obligations.
Monthly Accrual. Full-time employees who have been in pay status for eighty (80) non-overtime hours in a calendar month will accrue vacation leave according to the rate schedule provided in 56.2 above. Part-time employees will accrue vacation leave in any calendar month in which they are in pay status for the portion of eighty (80) hours that their monthly schedule bears to full-time employment.
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Monthly Accrual. An employee must be in the active service of SacRT, as defined above, at least 88 hours in any 1 calendar month to receive 8 hours of sick leave credit for that month.
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Monthly Accrual. An employee must be in the “active service” of SacRT, as defined above, at least 88 hours or more in any calendar month to receive a vacation credit for that month.
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Monthly Accrual. An employee must be in the “active service” of the DISTRICT, as defined above, at least 88 hours or more in any 1 calendar month to receive a vacation credit for that month.
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Monthly Accrual. An employee must be in the active service of the DISTRICT, as defined above, at least eighty-eight (88) hours in any one (1) calendar month to receive eight (8) hours of sick leave credit for that month.
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Monthly Accrual. One (1) day allowance for disabling sickness during each calendar month of employment. However, no employee shall be able to draw accumulated sick leave benefits until the employee has completed six (6) months of service.
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Monthly Accrual. Eligible employees accrue the amounts designated in Section 17.2.1 for each full month the employee is in a paid status the entire month. The monthly accrual will be prorated for new hires or employees who were in an unpaid status for more than forty (40) hours. The proration will be based upon the maximum number of compensated straight- time hours the employee would normally have worked in that month as compared with the number of actual compensated straight-time hours, with any fractional hours to be "rounded" up in the employee's favor. "Paid status" shall mean the receipt of compensation directly from Employer, excluding any hours compensated through any form of disability insurance (including workers' compensation) financed in whole or in part by Employer.
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Related to Monthly Accrual

  • Monthly Accountings Silicon shall provide Borrower monthly with an account of advances, charges, expenses and payments made pursuant to this Agreement. Such account shall be deemed correct, accurate and binding on Borrower and an account stated (except for reverses and reapplications of payments made and corrections of errors discovered by Silicon), unless Borrower notifies Silicon in writing to the contrary within thirty days after each account is rendered, describing the nature of any alleged errors or admissions.

  • Vacation Accrual Regular employees shall accrue hours of vacation with pay for each hour of compensation to a maximum of eighty (80) hours per biweekly work period according to the following schedule, commencing with the employee's hire date of his latest period of County employment.

  • Vacation Accrual Rates Laid off employees who are re-employed shall have the vacation accrual rate they held immediately prior to layoff restored.

  • Interest Accrual Each Class of Notes will accrue interest on its Note Balance for each Interest Period until the Note Balance has been paid in full at a rate per annum equal to its Note Interest Rate for that Interest Period. Interest on the Class A-1 and Class A-2b Notes will be calculated for each Interest Period on the basis of the actual number of days in the Interest Period and a 360-day year. Interest on the Notes (other than the Class A-1 and Class A-2b Notes) for each Interest Period will be calculated on the basis of a 360-day year consisting of twelve 30-day months. Interest on each Note for each Interest Period will be due and payable on the related Payment Date.

  • Actual Settlement Date Accounting With respect to any sale or purchase transaction that is not posted to the Account on the contractual settlement date as referred to in Section 2.5, Bank shall post the transaction on the date on which the cash or Financial Assets received as consideration for the transaction is actually received by Bank.