Maximum Accumulation definition

Maximum Accumulation. Unused paid absence leave shall accumulate to an unlimited amount.
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Maximum Accumulation. Unused sick leave may accumulate to a maximum of 1,280 hours.
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Maximum Accumulation. Such sick leave as provided in Section 18.2, when not used, shall be cumulative; but the accumulated unused period of sick leave shall not exceed one hundred fifty (150) working days, regardless of the length of service. When the maximum of one hundred fifty (150) working days has been reached, and thereafter part of said maximum has been used, the used part of said maximum may subsequently be replenished at the applicable rate provided in Section 18.2.
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Examples of Maximum Accumulation in a sentence

  • Contractor, and all Subcontractors, shall check all materials, equipment and labor entering into the work and shall keep or cause to be kept such full and detailed accounts as may be necessary for proper financial management under this Agreement, including true and complete books, records and accounts of all financial transactions in the course of their activities and operations related to the Project.

  • Maximum Accumulation The maximum amount of time which may be accumulated is 160 hours of overtime worked or 240 hours of compensatory time.

  • Maximum Accumulation Any remainder of sick leave days granted in Section B.1. shall be credited and accumulated for additional absences due to personal disability, and the total number of days accumulated shall be unlimited.

  • Maximum Accumulation – The maximum accrual allowed is two hundred forty (240) hours.

  • Service Credit Maximum Accumulation Hours Maximum Payoff Hours 00 – 01 Years 296 256 01 – 05 Years 296 256 05 – 10 Years 311 271 10 – 15 Years 326 286 15 – 20 Years 341 301 20 – 25 Years 346 306 25 + Years 356 316 E.

  • Each officer shall accrue earned vacation leave based upon seniority, with pay as follows: Years of Service Bi-Weekly Accrual Annual Vacation Maximum Accumulation Hire 3.077 80 hours 120 Start of year 3 3.692 96 hours 136 Start of year 6 5.538 144 hours 184 Start of year 12 7.385 192 hours 232 Start of year 20 9.23 240 hours 280 The intent is an officer will have accrued 80 hours of vacation by the completion of the first year of service.

  • Section 28.1. Rates of Accrual and Maximum Accumulation 44 Section 28.2. Permissible Uses 44 Section 28.3. Sick Leave on Holidays 44 Section 28.4. Notification 44 Section 28.5. Doctor’s Certificate 45 Section 28.6. False Claim and Prohibition 45 Section 28.7. Unusual Cases 45 Section 28.8. Compensation Upon Separation 45 Section 28.9. Reinstatement 45 Section 28.10.

  • The maximum vacation awarded in any 12 month period and the maximum accumulations permitted are as follows: Years of Service 12-month Award Maximum Equivalent of Days Number Maximum Accumulation 1 – 5 80 hours 10 320 hrs.

  • After completion of the probationary period, all employees shall be entitled to paid vacation leave earned in accordance with the following schedule: Years of Seniority Paid Vacation Maximum Accumulation 6 - 10 105/120 Hours Per Year 210/240 Hours 11 - 15 140/160 Hours per Year 280/320 Hours 16 and over 175/200 Hours per Year 350/400 Hours The vacation year shall be the calendar year and all accumulation maxima are as of each succeeding January 1, with no limit on accumulation between each January 1.

  • Completed Years Days Earned Per Days Earned Per Year 0 through 10 1-1/4 15 11 through 13 1-1/2 18 14 through 18 1-3/4 21 19 or more 2 24 Maximum Accumulation The maximum number of unused vacation leave days that an employee may accumulate is equal to the number of days that an employee can earn in a six year period (as set forth in Article 7).


More Definitions of Maximum Accumulation

Maximum Accumulation. Any employee who has nine hundred and sixty (960) hours of accumulated sick leave as of January 1 of any calendar year and maintains that nine hundred sixty (960) hours of sick leave through June 30 of that year and uses forty-eight (48) hours or less during that year shall be “made whole” nine hundred sixty (960) hours December 31 of that year.
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Maximum Accumulation. The maximum accumulation of accrued vacation is two hundred and forty (240) hours. Employees are expected to schedule vacation to avoid exceeding the maximum accumulation. If an employee is denied a vacation request within the thirty (30) days prior to exceeding the maximum accumulation, the employee’s vacation time in excess of 240 hours may either be cashed out or the employee may be required to take vacation time off at a time selected by the County, at the Sheriff’s discretion. In all other circumstances, vacation accumulation in excess of 240 hours will be lost.
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Maximum Accumulation. Such sick leave as provided in Section 24.2, when not used is
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Maximum Accumulation. Unused sick leave days may accumulate to a maximum credit of 70 days of sick leave per employee.
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Related to Maximum Accumulation

  • Return Accumulation Period means the period from (and including) a Periodic Distribution Date (or, in the case of the first Return Accumulation Period, the Issue Date) to (but excluding) the next (or, in the case of the first Return Accumulation Period, the first) Periodic Distribution Date;

  • Controlled Accumulation Period Factor means, for each Monthly Period, a fraction, the numerator of which is equal to the sum of the series invested amounts as of the last day of the prior Monthly Period of all outstanding Series, and the denominator of which is equal to the sum (without duplication) of (a) the Series Invested Amount as of the last day of the prior Monthly Period, (b) the series invested amounts as of the last day of the prior Monthly Period of all outstanding Series (other than Series 2022-2) that are not expected to be in their revolving periods, and (c) the series invested amounts as of the last day of the prior Monthly Period of all other outstanding Series that are not Principal Sharing Series and are in their revolving periods.

  • Required Accumulation Factor Number shall be equal to a fraction, rounded upwards to the nearest whole number, the numerator of which is one and the denominator of which is equal to the lowest monthly principal payment rate on the Accounts, expressed as a decimal, for the three months preceding the date of such calculation.

  • Controlled Accumulation Amount means, for any Distribution Date with respect to the Controlled Accumulation Period, $86,904,833.34; provided, however, that, if the Controlled Accumulation Period Length is determined to be less than 12 months, the Controlled Accumulation Amount for each Distribution Date with respect to the Controlled Accumulation Period will be equal to (i) the product of (x) the sum of the Class A Initial Invested Amount and the Class B Initial Invested Amount and (y) the Controlled Accumulation Period Factor for the related Monthly Period divided by (ii) the Required Accumulation Factor Number.

  • Accumulation Amount means $83,333,333.34; provided, however, if the commencement of the Accumulation Period is delayed in accordance with Section 2.11 hereof, the Accumulation Amount shall be determined in accordance with the definition of “Accumulation Amount” in the Indenture Supplement.