Accumulation Rate Sample Clauses

Accumulation Rate. For employees hired prior to July 1, 2017 - Paid sick leave at the Employee’s regular straight-time hourly rate is granted to all regular full-time Employees on the basis of one (1) day of sick leave for each month of service up to a maximum of twelve
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Accumulation Rate. Compensatory time off shall be earned and accumulated at the rate of one and one-half (1 1/2) times the hours worked in excess of forty (40) hours in each workweek.
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Accumulation Rate. A. All regular full-time members shall be granted eight (8) hours of sick leave for each month of employment.
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Accumulation Rate. Eligible employees will accumulate vacation leave time in accordance with the following schedule: − from successful completion of probationary period until completion of 5 years of continuous service: eighty (80) hours per year, or; − from completion of 5 years of continuous service: one hundred twenty (120) hours per year, or; − from completion of 12 years of continuous service: one hundred sixty (160) hours per year, or; − from completion of 20 years of continuous service: two hundred (200) hours per year.
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Accumulation Rate. Officers covered by this Agreement shall be entitled to accumulate vacation time in accordance with the following schedule: A. From the date of hire until the completion of five (5) years of service, ten (10) working days per year or six (6) hours and forty (40) minutes per month.
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Accumulation Rate. For employees hired prior to July 1, 2017 - Paid sick leave at the Employee’s regular straight-time hourly rate is granted to all regular full-time Employees on the basis of one (1) day of sick leave for each month of service up to a maximum of twelve (12) days per year during the first ten (10) years of service and, thereafter, one and one-half (l½) .5) days of sick leave for each month of service up to a maximum of eighteen (18) days per year. Formatted: Indent: Left: 0", Hanging: 0.25" Formatted: Indent: Left: 0.25" For employees hired on and after July 1, 2017 - Paid sick leave at the Employee’s regular straight-time hourly rate is granted to all regular full-time Employees on the basis of one (1) day of sick leave for each month of service up to a maximum of twelve (12) days per year during the first fifteen (15) years of service and, thereafter, one and one-quarter (l.25) days of sick leave for each month of service up to a maximum of fifteen (15) days per year.
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Accumulation Rate. 21 To be eligible for sick leave accrual, the employee must have worked the following 22 number of hours each month: 40 hour per week employee 30 hour per week employee 20 hour per week employee 120 hours 90 hours 60 hours
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Accumulation Rate. Eligible employees will accumulate vacation leave time in accordance with the following schedule:
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Related to Accumulation Rate

  • Accumulation Vacation time shall be earned and accumulated on a monthly basis in accordance with the following schedules:

  • Maximum Accumulation Maximum accumulation amounts apply only to the amount of annual leave that may be carried over from one leave year to the next, and do not limit accumulated leave balances during the leave year.

  • Vacation Accumulation (a) Vacations are not cumulative from year to year.

  • Controlled Accumulation Period The Controlled Accumulation Period is scheduled to commence at the beginning of business on the Controlled Accumulation Date. On each Determination Date until the Controlled Accumulation Date, the Issuer shall review the amount of expected Principal Collections and determine the Controlled Accumulation Period Length; provided, that if the Controlled Accumulation Period Length (determined as described below) on any Determination Date is less than or more than the number of months in the scheduled Controlled Accumulation Period, upon written notice to the Indenture Trustee, with a copy to each Rating Agency, the Issuer shall either postpone or accelerate, as applicable, the Controlled Accumulation Date, so that as a result, the number of Monthly Periods in the Controlled Accumulation Period will equal the Controlled Accumulation Period Length; provided, that the length of the Controlled Accumulation Period will not be less than one (1) month. The “Controlled Accumulation Period Length” will mean a number of whole months such that the amount available for payment of principal on the Notes and the reduction of the Principal Overcollateralization Amount on the Expected Principal Payment Date is expected to equal or exceed the Note Principal Balance plus the Principal Overcollateralization Amount, assuming for this purpose that (1) the weighted average principal payment rate on the Receivables held by the Issuer will be no greater than the lowest weighted average monthly principal payment rate for the Receivables held by the Issuer for the prior twelve (12) Monthly Periods, (2) the total amount of Principal Receivables held by the Issuer in the Trust (and the principal amount on deposit in the Excess Funding Account, if any) remains constant at the level on such date of determination, (3) no Early Amortization Event with respect to any Series will subsequently occur and (4) no additional Series (other than any Series being issued on such date of determination) will be subsequently issued by the Issuer. Any notice by the Issuer modifying the commencement of the Controlled Accumulation Period pursuant to this Section 4.12 shall specify (i) the Controlled Accumulation Period Length and (ii) the commencement date of the Controlled Accumulation Period.

  • ACCUMULATION UNITS The interest of this contract in the Separate Account, prior to the date on which amounts become payable under a payment plan, is represented by Accumulation Units. The dollar value of Accumulation Units for each Division will increase or decrease to reflect the investment experience of the Division. The value of an Accumulation Unit on any Valuation Date is determined by multiplying: - the value on the immediately preceding Valuation Date; by - the Net Investment Factor for the period from the immediately preceding Valuation Date up to and including the current Valuation Date (the current period).

  • Accrual Rate Compensatory time for employees will accrue at the rate of one and one-half hours for each one hour of overtime worked.

  • Variable Accumulation Period The Controlled Accumulation Period is scheduled to commence on the Stated Controlled Accumulation Period Commencement Date; provided, however, that if the Controlled Accumulation Period Length (determined as described below) on any Determination Date is different from the Initial Scheduled Controlled Accumulation Period Length, the Servicer, at its option on any Determination Date prior to the commencement of the Controlled Accumulation Period, may elect to modify the date on which the Controlled Accumulation Period actually commences to the last Business Day of any Due Period that precedes the Due Period that is the number of Due Periods prior to the Expected Final Payment Date equal to the Controlled Accumulation Period Length. Such election will be set forth in the Monthly Servicer Certificate. If the Servicer elects to modify the date on which the Controlled Accumulation Period commences pursuant to this Section 19, then on each Determination Date thereafter until the date on which the Controlled Accumulation Period commences the Servicer will recalculate the Controlled Accumulation Period Length; provided, however, that (i) the length of the Controlled Accumulation Period will not be less than the Minimum Controlled Accumulation Period Length and (ii) notwithstanding any other provision of this Series Supplement to the contrary, no election to postpone the commencement of the Controlled Accumulation Period shall be made after a Rapid Amortization Event (as described herein or in the applicable Series Supplement) shall have occurred for so long as it is continuing with respect to any Series in the Group to which the Series established hereby belongs. On each Determination Date, the Servicer will determine the "Controlled Accumulation Period Length" that will equal the number of Due Periods such that the Class Controlled Accumulation Amount for the Due Period related to the Class Expected Final Payment Date, when aggregated with the Class Controlled Accumulation Amounts for each preceding Due Period, will equal or exceed the Series Initial Investor Interest. Any notice by the Servicer electing to modify the commencement of the Controlled Accumulation Period pursuant to this Section 19 shall specify the following as determined on such Determination Date: (i) the Controlled Accumulation Period Length; (ii) the commencement date of the Controlled Accumulation Period; and (iii) the Class Controlled Accumulation Amount with respect to each class of such Series with respect to each Due Period. If the Controlled Accumulation Period Length as recalculated on any such Determination Date exceeds the number of full Due Periods following such Determination Date and preceding the Class A Expected Final Payment Date, the commencement date of the Controlled Accumulation Period will be such Determination Date.

  • Share Class Annual Compensation Rate Class R-1 1.00% Class R-2 0.75% Class R-2E 0.60% Class R-3 0.50% Class R-4 0.25% Class R-5 No compensation paid Class R-5E No compensation paid Class R-6 No compensation paid

  • Applicable Interest Rate 5.10.1 In respect of Pre-Delivery Interest Periods or Interest Periods pursuant to Clause 5.3.1 and subject to Clause 5.3.1, Clause 5.12 and Clause 6, the rate of interest applicable to the Loan (or relevant part in the case of the division of the Loan under Clause 5.8) during a Pre-Delivery Interest Period or an Interest Period shall be the Floating Interest Rate.

  • Accrual Rates All eligible employees shall accrue vacation pay according to the following rates:

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