ZEROING OF HOURS Sample Clauses
The ZEROING OF HOURS clause defines how any unused or remaining hours under a service agreement are handled at the end of a specified period, typically resulting in those hours being forfeited or reset to zero. In practice, this means that if a client has not utilized all the hours they purchased within the agreed timeframe, those hours do not carry over to the next period and cannot be redeemed later. This clause ensures clarity for both parties regarding the expiration of service entitlements and prevents disputes over unused hours, thereby simplifying contract administration and financial planning.
ZEROING OF HOURS. The Association agrees to the current status of the hours pool figures upon verification and acknowledges its obligation and responsibility in maintaining accurate reporting and documentation. The zeroing of the hours pool shall occur annually from the members’ vacation bank hours. This zeroing shall occur at the end of the pay period closest to July 1, in which all three (3) shifts normally reach zero. For “Exchanges of Time”; there will be an upper and lower threshold range of 96 hours up and 96 hours down for “open ended trades.” Should an employee be “outside” of this range, their ability to trade will be suspended until their trade status is back within range. Three times per year (one month prior to the zero out dates) there will be a report generated to ensure that no employee is outside of this range. This report will be given to the Battalion Chief or his/her designee to ensure compliance. Open ended is defined as no payback day is scheduled.
ZEROING OF HOURS. (Applicable to Battalion Chiefs only) - The CMFMA agrees to the current status of the hours pool figures upon verification and acknowledges its obligation and responsibility in maintaining accurate reporting and documentation. The zeroing of the hours pool shall occur annually from the members’ vacation bank hours. This zeroing shall occur at the end of the pay period closest to July 1, in which all three (3) shifts normally reach zero. For “Exchanges of Time”; there will be an upper and lower threshold range of 96 hours up and 96 hours down for “open ended trades.” Should an employee be “outside” of this range, their ability to trade will be suspended until their trade status is back within range. Three times per year (one month prior to the zero out dates) there will be a report generated to ensure that no employee is outside of this range. This report will be given to the Division Chief or his/her designee to ensure compliance. Open ended is defined as no payback day is scheduled.
ZEROING OF HOURS. The Association agrees to the current status of the hours pool figures upon verification and acknowledges its obligation and responsibility in maintaining accurate reporting and documentation. The zeroing of the hours pool shall occur annually from the members’ vacation bank hours. This zeroing shall occur at the end of the pay period closest to July 1, in which all three (3) shifts normally reach zero.