Rate of Accumulation definition

Rate of Accumulation. Teachers shall be credited with fifteen (15) days of paid absence leave on the first duty day of each school year.
Sample 1

Examples of Rate of Accumulation in a sentence

  • Vacation leave will be accumulated, for uninterrupted employment, based on straight- time hours in a paid status at the following comparative rates for a 40 hour work week schedule: Years of Service Rate of Accumulation - Hours/Year Less than 5 80 5+ up to 10 112 10+ up to 15 144 15+ up to 20 168 20+ and up to 25 years 200 Section 2.

  • Rate of Accumulation Length of Service (Days per Month) Less than 5 years .83 Over 5 and up to 10 years 1.17 Over 10 and up to 15 years 1.50 Over 15 and up to 20 years 1.75 Over 20 years 2.08 Section 2.

  • Vacation leave will be accumulated for uninterrupted employment on the following basis: Rate of Accumulation Length of Service Days/Mo. Days/Yr. Less than 5 years .83 10 Over 5 and up to 10 years 1.00 12 Over 10 and up to 15 years 1.33 16 Over 15 and up to 20 years 1.67 20 Over 20 and up to 25 years 1.92 23 Over 25 years 2.08 25 Section 2.

  • Rate of Accumulation All employees shall accrue sick leave as an insurance against the impact of personal or family illness or injury as provided in ORS 332.507 (Family defined as immediate family - Section H, Subsection 2, Definition.) Employees who serve for a fraction of the fiscal year and/or a fraction of the regular workday shall accrue sick leave benefits as a prorata basis.

  • Full-time (probationary and non- probationary) employees shall accrue PTO benefits based on the following table: Annual Completed Years of Service Rate of Accumulation PTO Days per Month Annual Days of PTO 3 2.00 24 5 2.25 27 10 2.50 30 15+ 2.75 33 Section B.

  • The following table outlines these rates: Completed Years of Service Rate of Accumulation of Vacation Hours/ Pay Period of Work No. Working Hours of Vacation Time Earned/ Year 0-5 years 3.693 hrs 96.018 hours 6-10 years 5.539 hrs 144.014 hours beginning 11th year 7.385 hrs 192.010 hours Each employee who has reached regular status shall receive vacation with pay based on a pay period accrual based on vacation hours figured at a rate dependent on years of service with the County.

Related to Rate of Accumulation

  • 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 1997-1) 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.

  • Controlled Accumulation Amount means $104,166,667; provided, however, if the Accumulation Period Length is determined to be less than twelve (12) months pursuant to Section 3.10(b)(ii) of the Indenture Supplement, the Controlled Accumulation Amount shall be the amount specified in the definition of “Controlled Accumulation Amount” in the Indenture Supplement.

  • Controlled Accumulation Period means, unless a Pay-Out Event shall have occurred prior thereto, the period commencing at the close of business on the last day of the February 2022 Monthly Period or such later date as is determined in accordance with subsection 4.03(c) and ending on the first to occur of (a) the commencement of the Early Amortization Period, (b) the payment in full of the Invested Amount and (c) the Expected Final Payment Date.

  • Rate Year means July 1st of a given Calendar Year through June 30th of the succeeding Calendar Year.

  • Accumulation Reserve Funding Period shall not apply if the Calculation Agent on behalf of the Issuer notifies the Indenture Trustee that it expects the Accumulation Period Length to be adjusted to one (1) month, and otherwise shall mean a period commencing on the first Distribution Date on which a condition in the right column of the following table was in effect on the immediately preceding Distribution Date, if the Distribution Date is a Distribution Date described in the corresponding left column of the following table, and ending on the Distribution Date immediately preceding the earlier to occur of:

  • Interest Day Count Convention means the actual number of days in the related Interest Accrual Period divided by 360.

  • Rate Period has the meaning set forth in the Statement.

  • Controlled Accumulation Period Length has the meaning specified in subsection 4.03(c).

  • Deficit Controlled Accumulation Amount means (a) on the first Distribution Date with respect to the Controlled Accumulation Period, the excess, if any, of the Controlled Accumulation Amount for such Distribution Date over the amount deposited in the Principal Funding Account on such Distribution Date and (b) on each subsequent Distribution Date with respect to the Controlled Accumulation Period, the excess, if any, of the Controlled Deposit Amount for such subsequent Distribution Date over the amount deposited in the Principal Funding Account on such subsequent Distribution Date.

  • Current Accrual Rate means, with respect to each Payment Date and any Reference Obligation, the current mortgage rate, less the greater of (i) the related servicing fee rate and (ii) 35 basis points.

  • Required Accumulation Reserve sub-Account Amount means, with respect to any Monthly Period during the Accumulation Reserve Funding Period, an amount equal to (i) 0.5% of the Outstanding Dollar Principal Amount of the Class A(2019-1) Notes as of the close of business on the last day of the preceding Monthly Period or (ii) any other amount designated by the Issuer; provided, however, that if such designation is of a lesser amount, the Note Rating Agencies shall have provided prior written confirmation that a Ratings Effect will not occur with respect to such change.

  • 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;

  • Accumulation shall not exceed an amount equal to twice the annualized current vacation earnings rate of the employee. This is the employee’s “Maximum Balance.”

  • Targeted Accumulation Reserve Subaccount Deposit means, with respect to any Distribution Date during the Accumulation Reserve Funding Period, an amount equal to (i) [0.5]% of the Outstanding Dollar Principal Amount of the Class A( - ) Notes as of the close of business on the last day of the related Due Period or (ii) any other amount designated by the Calculation Agent on behalf of the Issuer.]

  • Accrual Period With respect to each Payment Date, the period beginning on and including the prior Payment Date (or, in the case of the first Payment Date, the Closing Date) and ending on and including the day preceding such Payment Date.

  • Accumulation Commencement Date means January 1, 2021, or such later date as the Calculation Agent on behalf of the Issuer determines in accordance with Section 2.11 hereof.

  • LIBOR Daily Floating Rate means, for any day, a fluctuating rate of interest per annum equal to LIBOR as published on the applicable Bloomberg screen page (or such other commercially available source providing such quotations as may be designated by Administrative Agent from time to time), at approximately 11:00 a.m., London time, two (2) London Banking Days prior to such day, for Dollar deposits with a term of one (1) month commencing that day; provided that if the LIBOR Daily Floating Rate shall be less than zero, such rate shall be deemed zero for purposes of the Loan Documents.

  • Accumulation Period has the meaning set forth in the Indenture Supplement.

  • Published Rate means the rate of interest published each Business Day in The Wall Street Journal “Money Rates” listing under the caption “London Interbank Offered Rates” for a one month period (or, if no such rate is published therein for any reason, then the Published Rate shall be the rate at which U.S. dollar deposits are offered by leading banks in the London interbank deposit market for a one month period as published in another publication selected by the Administrative Agent).

  • 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.

  • Interest Commencement Date means the Issue Date of the Notes or such other date as may be specified as the Interest Commencement Date in the relevant Final Terms;

  • 3-Month LIBOR means the London interbank offered interest rate for three-month, U.S. dollar deposits determined by the Trustee in the following order of priority:

  • Reset Date means the First Reset Date, the Second Reset Date and each Subsequent Reset Date (as applicable);

  • Rate means the Adjusted LIBO Rate and the Alternate Base Rate.

  • Rate of Interest means the rate of interest payable from time to time in respect of this Note and that is either specified or calculated in accordance with the provisions hereon.

  • Six-Month LIBOR The average of interbank offered rates for six-month U.S. dollar deposits in the London market based on quotations of major banks.