Common use of Maximum Accumulations Clause in Contracts

Maximum Accumulations. When an employee has reached the maximum allowable accrual, further accruals will cease until such time as the balance allows for additional earnings. Employees are responsible for monitoring their accruals and scheduling time off as necessary to preserve the ability to accrue vacation. 9.2.1.1 Effective January 1, 2019 employees who have vacation accrual amounts above the maximum four hundred (400) hours shall be grandfathered at a cap of four hundred and ninety-six (496) hours until the employee terminates employment, be it voluntary or involuntary.

Maximum Accumulations. When an employee has reached the maximum allowable accrual, further accruals will cease until such time as the balance allows for additional earnings. Employees are responsible for monitoring their accruals and scheduling time off as necessary to preserve the ability to accrue vacation. 9.2.1.1 12.3.1. Effective January 1, 2019 2024, employees who have vacation accrual amounts above the maximum of four hundred (400) hours shall be grandfathered at a cap of four hundred and ninety-six (496) hours until the employee terminates employment, be it voluntary or involuntary.