Accumulated Credits Sample Clauses
The Accumulated Credits clause defines how credits, such as service credits or usage credits, are collected and tracked over time under an agreement. Typically, this clause outlines the conditions under which credits are earned, how they are recorded, and any limitations on their use or expiration. For example, a customer may accrue credits for unused services or as compensation for service interruptions, which can then be applied to future invoices or services. The core function of this clause is to provide a clear mechanism for managing and utilizing credits, ensuring both parties understand how credits are accumulated and redeemed, thereby reducing disputes and promoting transparency.
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Accumulated Credits. (a) The hospital shall distribute pension plan information provided by the Board of Trustees to employees as required from time to time.
(b) Where possible, the hospital shall advise the employee at each pay period of his statutory holidays, overtime, sick leave and vacation credits available for the current vacation year.
(c) The hospital shall advise each employee of the amount of his accumulated sick credits once a year.
Accumulated Credits. Information relating to an employee's vacation, holidays and sick credits will be provided on a quarterly basis.
Accumulated Credits. The College shall give each employee a summary of accumulated leave credits not more than twice each year, if requested.