Computation of Credit Sample Clauses

Computation of Credit. The Company agrees to pay 2% of all supplemental earnings (overtime pay and shift differential) for each week of vacation credits earned at the end of the vacation year on the employee's vacation anniversary date. This pay is to be reflected in a pay period the month following the employee's vacation anniversary date. The Company agrees to pay earned vacation credit computed at the rate of 2% of base earnings for each week of vacation credits or forty (40) hours at the current rate whichever is greater. The 2% of base earnings for each week of vacation credits is to be calculated as of the employee's vacation anniversary date and this will determine the employee's basic vacation pay. However, should an employee receive an increase in pay between this time and the time vacation is actually taken a new calculation will be computed to determine if his/her then current rate of pay is greater than that calculated on the employee's vacation anniversary date and if so, he/she is to receive the vacation pay at the new rate.
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Computation of Credit. All earned time off must be approved in advance by one’s 16 supervisor excluding illnesses. The amount of earned time off depends on the amount of continuous 17 service and hire date. Years of service for Boeing employees hired on or before the Effective Date shall 18 apply. Earned time off will be accrued per pay period. 19 20 Complete Years Earned Time Earned Time 21 of Service Off Days Off Hours 23 5 - 9 18 144 24 10 - 11 21 168 25 12 - 13 22 176 26 14 - 15 23 184 27 16 - 17 24 192 28 18 + 25 200 30 Shift differential and work schedule premium pay will be paid where applicable in addition to Base 31 Rate.
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Computation of Credit. After establishment of initial eligibility for sick leave, no additional sick leave credit will be accumulated during periods on layoff, or for absence in excess of the first thirty (30) calendar days of the leave of absence period. Such absence during a year will reduce the sick leave credit granted at the beginning of the next year. The reduction will be in proportion of 1/365th of forty (40) hours for each calendar day of absence, rounded to the next 1/10th hour.
Sample 1Sample 2Sample 3See All (5)
Computation of Credit. The credit to which an employee shall be entitled on his first eligibility date, and at any time thereafter, shall be computed in accordance with the following rules:
Sample 1Sample 2See All (5)
Computation of Credit. All earned time off must be approved in advance by one’s 5 supervisor excluding illnesses. The amount of earned time off depends on the amount of continuous 6 service and hire date. Years of service for Boeing employees hired on or before the Effective Date shall 7 apply. Earned time off will be accrued per pay period.
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Computation of Credit. A. All current vacation and sick leave balances shall be converted to earned time off (“ETO”) balances and the provisions of this Article 11 will be implemented as soon as administratively practicable following the effective date of this agreement.
Sample 1Sample 2
Computation of Credit. The credit to which an employee shall be entitled on the vacation award date, shall be computed in accordance with the following rules:
Sample 1
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Computation of Credit. All earned time off must be approved in advance by one’s supervisor excluding illnesses. The amount of earned time off depends on the amount of continuous service and hire date. Years of service for Boeing employees hired on or before the Effective Date shall apply. Earned time off will be accrued per pay period. Complete Years of Service Earned Time Off Days Earned Time Off Hours 5 - 9 18 144 10 - 11 21 168 12 - 13 22 176 14 - 15 23 184 16 - 17 24 192 18 + 25 200 New hires will be advanced sixty-four (64) hours of ETO and any ETO accrued during the first twenty-six (26) w eeks of employment will be used to repay the advanced ETO. If a new employee’s employment ends before the completion of twenty-six (26) weeks of employment, the employee must repay any ETO used but not earned prior to the termination. Shift differential and work schedule premium pay will be paid where applicable in addition to Base Rate.
Sample 1
Computation of Credit. All earned time off must be approved in advance by one’s supervisor excluding illnesses. The amount of earned time off depends on the amount of continuous service and hire date. Years of service for Boeing employees hired on or before the Effective Date shall apply. Earned time off will be accrued per pay period. Complete Years of Service Earned Time Off Days Earned Time Off Hours 0 ‐ 4 16 128 5 ‐ 9 18 144 10 ‐ 11 21 168 12 ‐ 13 22 176 14 ‐ 15 23 184 16 ‐ 17 24 192 18 + 25 200 New hires will be advanced sixty‐four (64) hours of ETO and any ETO accrued during the first twenty‐six
Sample 1

Related to Computation of Credit

  • Extension of Credit For the purposes hereof, each drawdown, rollover and conversion shall be deemed to be an extension of credit to the Borrower hereunder.

  • Application of credit balances Each Creditor Party may without prior notice:

  • Termination of Credit Facility The Credit Facility shall terminate on the earliest of (a) the third anniversary of the Closing Date (the "Maturity Date"), (b) the date of termination by the Borrower pursuant to Section 2.5(a) and (c) the date of termination by the Administrative Agent on behalf of the Lenders pursuant to Section 10.2(a).

  • Initial Extension of Credit The obligation of Lender to make the initial Advance or issue the initial Letter of Credit is subject to the condition precedent that prior thereto Lender shall have received all of the documents set forth below in form and substance satisfactory to Lender.

  • Advance of Credits 33.3.1 When an employee has insufficient credits to cover the granting of sick leave with pay under the provisions of clause 33.2, sick leave with pay may, at the discretion of the Council, be granted

  • Use of Credit Neither the Borrower nor any of its Subsidiaries is engaged principally, or as one of its important activities, in the business of extending credit for the purpose, whether immediate, incidental or ultimate, of buying or carrying Margin Stock, and no part of the proceeds of any extension of credit hereunder will be used to buy or carry any Margin Stock.

  • Eurodollar Rate Loans After Default After the occurrence of and during the continuation of a Potential Event of Default or an Event of Default, (i) Company may not elect to have a Loan be made or maintained as, or converted to, a Eurodollar Rate Loan after the expiration of any Interest Period then in effect for that Loan and (ii) subject to the provisions of subsection 2.6D, any Notice of Borrowing or Notice of Conversion/Continuation given by Company with respect to a requested borrowing or conversion/continuation that has not yet occurred shall be deemed to be rescinded by Company.

  • Transcription of Credit For dual credit courses, high school as well as college credit should be transcripted immediately upon a student's completion of the performance required in the course. [TAC 19, Part 1, Chapter 4, Subchapter D, §4.85 (h)]

  • Conditions to Each Extension of Credit The agreement of each Lender to make any extension of credit requested to be made by it on any date (including its initial extension of credit) is subject to the satisfaction of the following conditions precedent:

  • Revolving Line of Credit (a) On the Closing Date, Lender agrees to open a Revolving Line of Credit in favor of Borrower in the maximum aggregate principal amount of Ten Million Dollars ($10,000,000), reducing to Five Million Dollars ($5,000,000), effective on December 31, 1997. Subject to the fulfillment of the conditions precedent set forth in Sections 13.1 and 13.3 hereof, during the period commencing on the Closing Date and ending on the earliest to occur of (i) the Termination Date and (ii) the date of -------- termination of the Revolving Line of Credit pursuant to Section 2.6 or Section 11 below, Borrower may borrow and repay and reborrow up to a maximum aggregate principal amount of the Revolving Line of Credit; provided, however, that (A) ----------------- each Revolving Advance must be in the amount of One Hundred Thousand Dollars ($100,000) or an integral multiple thereof, (B) Revolving Advances will be made by Lender to Borrower only on the first and the fifteenth of each calendar month (or, in each instance, the next succeeding Business Day, as the case may be), (C) any Revolving Advances constituting LIBOR Rate Borrowings must be obtained and paid in accordance with Section 2.4 below, and (D) repayments of Revolving Advances shall be made in accordance with Section 2.6(a) below; and, provided, --------- further, that at no time shall the aggregate principal amount outstanding under ------- the Revolving Line of Credit exceed the Margin (such requirement being referred to herein as the "MARGIN REQUIREMENT"). If at any time hereafter the Margin ------------------ Requirement is not satisfied, Borrower agrees to repay immediately the then principal balance of the Revolving Note by that amount necessary to satisfy the Margin Requirement.

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