Service Accrual Clause Samples

The Service Accrual clause defines how services provided over time are recognized and accounted for, typically ensuring that services rendered but not yet billed are properly recorded. In practice, this means that if a service provider completes work during a billing period but the invoice is issued later, the value of that work is still acknowledged as accrued. This clause helps ensure accurate financial reporting and prevents disputes over payment for services that have already been delivered but not yet formally invoiced.
Service Accrual. During an unpaid absence credit for service for purposes of salary increment, vacation, sick leave, or any other benefits under any provisions of the Collective Agreement or elsewhere, shall be suspended for the period of the absence, the benefits concerned appropriately reduced on a pro rata basis. In addition, the employee will become responsible for full payment of subsidized employee benefits in which he/she is participating for the period of the absence except that the Employer will continue to pay its share of the premiums for up to twenty-four
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Service Accrual. Service Accrual shall mean, for the purpose of this agreement, the accruing of vacation, sick days and RRSP contributions.
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Service Accrual. Service (not seniority) will accrue, notwithstanding an employee’s classification or work location, subject to the other relevant provisions of the Collective Agreement.
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Service Accrual. During an unpaid absence credit for service for purposes of salary increment, vacation, or any other benefits under any provisions of the Collective Agreement or elsewhere, shall be suspended for the period of the absence, the benefits concerned appropriately reduced on a pro rata basis. In addition, the employee will become responsible for full payment of subsidized employee benefits in which he/she is participating for the period of the absence except that the Employer will continue to pay its share of the premiums for up to twenty- four (24) months while an employee is in receipt of W.S.I.B., EI sick leave, pregnancy or parental leave. Notwithstanding this provision, service shall accrue for the period of fifteen (15) weeks if an employee’s absence is due to disability resulting in W.S.I.B. benefits and for periods of seventeen (17) weeks for Pregnancy Leave and up to thirty-seven (37) weeks for Parental Leave.
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Related to Service Accrual

  • Leave Accrual After the first 30 days of active military service in any one calendar year, employees shall not accrue City-paid vacation, holiday, or sick leave benefits or other forms of paid leave; provided, however, that any public employee on military leave for intermittent training periods shall continue to accrue the same vacation, sick, and holiday leave up to a maximum period of 180 cumulative days per calendar year as if the employee had not been on military leave.

  • 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.

  • Force Account The Recipient agrees that FTA may determine the extent to which Federal assistance may be used to participate in force account costs.