Accrual Rate. Compensatory time for employees will accrue at the rate of one and one-half hours for each one hour of overtime worked.
Accrual Rate. A. Employees covered by this Agreement shall accrue four (4) hours of illness leave for each eighty (80) regularly scheduled work hours on active pay status with a maximum accrual of 1,500 hours.
Accrual Rate. Subject to the provisions of Section 2.9.3, each Loan shall bear interest on the outstanding principal amount thereof from the date when made (which, in the case of a drawing on a Letter of Credit, is the date of such drawing) until it becomes due at a rate per annum equal to LIBOR or the Reference Rate, as the case may be, plus the Applicable Margin.
Accrual Rate. Employees will earn their pension with an accrual rate of 3% for the first 20 years of service then 2% for each additional year of service with a maximum of 80% of Final Average Compensation.
Accrual Rate. Each regularly scheduled employee with an assigned FTE of .5 or above shall accrue PTO as follows: Year of Service Accrual Rate (full-time equivalent) 1-4 (0-48 months) .10769 per hour (224 hours per year) 5-9 (49-108 months) .12692 per hour (264 hours per year) 10-14 (109-168 months) .14231 per hour (296 hours per year) 15-19 (169-228 months) .15000 per hour (312 hours per year) 20 (229 months) or more .15385 per hour (320 hours per year) PTO will accrue from the date of hire. PTO is accrued on all hours paid, excluding standby hours and donated PTO hours.
Accrual Rate. Full-time employees shall accrue sick leave at the rate of 8.666 hours per month. Eligible part-time employees shall accrue sick leave on a pro-rata basis based on hours worked. Sick leave shall be accumulated during an employee's probationary period and may be utilized by an employee during the probationary period if there is leave accumulated to cover the time of sickness. Sick leave shall be cumulative up to a maximum of one hundred and twenty (120) days.
Accrual Rate. Sick leave shall be accrued by employees by applying the formula below at the rate of .0462 times (x) total credited hours without regard to the calendar year. Credited hours shall include all hours worked, including military leave, sick leave and vacation and shall exclude overtime, unpaid leave, disability and worker’s compensation. Typical assignments and minimum accruals are listed below. Example of calculations: Assignment Formula Accrual Needed 20 hrs/week 130 days worked X .0462 X 4 hrs/day 24.02 25 hrs/week 130 days worked X .0462 X 5 hrs/day 30.03 30 hrs/week 130 days worked X .0462 X 6 hrs/day 36.03 31 hrs/week 130 days worked X .0462 X 6.2 hrs/day 37.23 38.75 hrs/week 130 days worked X .0462 X 7.75 hrs/day 46.54 40 hrs/week 130 days worked X .0462 X 8 hrs/day 48.05
Accrual Rate. Permanent full-time employees shall be granted vacation leaves with pay at their regular rate as follows: Length of State Service Accrual Rate Per Pay Period Per Year Less than 1 year 3.1 hours 80 hours (upon completion one year of service) 1 year or more 3.1 hours 80 hours 5 years or more 4.6 hours 120 hours 10 years or more 6.2 hours 160 hours 15 years or more 6.9 hours 180 hours 20 years or more 7.7 hours 200 hours 25 years or more 9.2 hours 240 hours Effective April 28, 1986, only service with state agencies; i.e., agencies whose employees are paid by the Auditor of State, will be computed for purposes of determining the rate of accrual for new employees in the bargaining unit. Service time for vacation accrual for employees employed on that date will not be modified by the preceding sentence. An employee who has retired in accordance with the provisions of any retirement plan offered by the State and who is employed by the state or any political subdivision of the state on or after March 1, 1994, shall not have his prior service with the state or any political subdivision of the state counted for the purpose of computing vacation leave.
Accrual Rate. Permanent full-time employees shall be granted vacation leaves with pay at their regular rate as follows:
