Conversion Factor. All sick leave accumulated by an employee up to a maximum of one hundred eighty (180) days, may be converted to severance pay and paid as such on the basis of one (1) day of severance pay for each four (4) days of unused and accumulated sick leave converted subject to the following: Maximum Severance Length of Service Days Less than 5 years 0 days 5 years to 15 years 30 days 15 years to 25 years 35 days Over 25 years 45 days The maximum number of days paid as severance pay under this Article shall be forty five (45) days.
Conversion Factor. For every four (4) days of sick leave accumulated during the year, an employee may convert one (1) day to cash, and retain the remaining three (3) days in his/her sick leave account.
Conversion Factor. All sick leave accumulated by an employee up to a maximum of one hundred eighty (180) days, may be converted to severance pay and paid as such on the basis of one
Conversion Factor. The initial conversion factor for ----------------- the Class A Preferred Stock shall be .50 and the initial conversion factor for the Class B Preferred Stock, the Class C Preferred Stock and the Class D Preferred Stock shall be 1, subject to adjustment, in each case, in accordance with the provisions in this Section B(5)(d), except that the provisions of B(5)(d)(i) shall not apply to the Conversion Factor for Class D Preferred Stock. Such respective conversion factors in effect from time to time, as adjusted pursuant to the applicable provisions of this Section B(5)(d), are referred to herein as the "Conversion Factor" for the Class A Preferred Stock, the Class B Preferred Stock, the Class C Preferred Stock or the Class D Preferred Stock, as applicable. All of the remaining provisions of this Section B(5)(d) shall apply separately to the respective Conversion Factors in effect from time to time; provided, however, that the provisions of B(5)(d)(i) shall not apply to the ----------------- Conversion Factor for Class D
Conversion Factor. Excluding custodians, all provisions related to days will be converted to hours for Community Education at a rate of eight (8) hours equals one day. For ABE/ESL and HSC classes, one half (1/2) hour of paid leave for every six (6) hours worked to a maximum of ninety‐six (96) hours per year.
Conversion Factor. An auxiliary employee who works a minimum of 1456 hours per year, excluding overtime, for two continuous years (35 hour per week employee); or 1664 hours per year, excluding overtime for two continuous years (40 hour per week employee) shall be converted to a regular full-time employee. Hours worked (excluding overtime) as an auxiliary employee covering employees absent for short-term disability leave exceeding 21 days, maternity leave, parental leave or paternity leave shall be excluded for the purposes of this section.
Conversion Factor. Donated paid leave must be in increments of whole hours prior to any conversion factor.
Conversion Factor. The multiplication factor for converting water at Low Assurance to water at High Assurance stated in Article 12(4) has been calculated as the ratio of the sum of the constant drafts5 from Driekoppies and Maguga Dams to the sum of the stepped drafts6 from Driekoppies and Maguga Dams operated independently of each other. The multiplication factor of 0.794 stated in Article 12(4) is based on the assumption that the gross storage capacities, constant and stepped drafts are as follows: DRIEKOPPIES MAGUGA TOTAL Gross storage capacity (hm3) 130 295 Constant draft (hm3/a) 154 282 436 Stepped draft (hm3/a) 000 000 000 A.4 TRANSMISSION LOSSES Transmission losses are deemed to be the water released from Driekoppies and Maguga Dams for use other than the generation of hydro-electric power only plus the utilisable runoff downstream of the said dams minus Net Consumption downstream of the said dams. The transmission loss allowance of 42 cubic hectometres per year at Low Assurance stated in Article 12(5)(a) is a preliminary estimate which may be adjusted in accordance with the provisions of Article 12(6).
Conversion Factor. All sick leave accumulated by the Interpreter, to a maximum of one hundred eighty (180) total days, may be converted to severance pay and paid as such on the basis of one (1) day of severance pay for each four (4) days of accumulated and unused sick leave converted. The maximum number of days paid as severance pay under this article shall be forty-five (45) days.
Conversion Factor. No later than two (2) Business Days prior to the Closing, the Company shall deliver to SPAC its good faith estimate of the Conversion Factor. The Company shall consider in good faith SPAC’s comments thereto (or to any component thereof), it being understood that SPAC’s approval of the Conversion Factor will not be a condition to SPAC’s obligations to consummate the transactions contemplated hereunder and the Company shall have no obligation to revise the Conversion Factor to reflect any comments provided by SPAC.
