Common use of Maximum Allowable Accumulation Clause in Contracts

Maximum Allowable Accumulation. Effective January 10, 2002: 1. The balance of an employee’s vacation credits of record (including vacation earned but not credited); hereinafter “accumulation” shall not exceed an amount equal to twice the annualized current vacation earnings rate of the employee. This is the employee’s “Maximum Balance.”

Appears in 15 contracts

Sources: Memorandum of Agreement, Memorandum of Agreement, Memorandum of Agreement

Maximum Allowable Accumulation. Effective January 10, 2002: 1. The balance of an employee’s vacation credits of record (including vacation earned but not credited); hereinafter “accumulation” shall not exceed an amount equal to twice the annualized current vacation earnings rate of the employee. This is the employee’s “Maximum Balance.”

Appears in 10 contracts

Sources: Memorandum of Agreement, Memorandum of Agreement, Memorandum of Agreement

Maximum Allowable Accumulation. Effective January 1011, 2002: 1. The balance of an employee’s vacation credits of record (including vacation earned but not credited); hereinafter “accumulation” shall not exceed an amount equal to twice the annualized current vacation earnings rate of the employee. This is the employee’s “Maximum Balance.”

Appears in 3 contracts

Sources: Memorandum of Agreement, Memorandum of Agreement, Memorandum of Agreement

Maximum Allowable Accumulation. Effective January 10, 2002: 1. The balance of an employee’s vacation credits of record (including vacation earned but not credited); hereinafter “accumulation” shall not exceed an amount equal to twice the annualized current vacation earnings rate of the employee. This is the employee’s “Maximum Balance.”vacation

Appears in 2 contracts

Sources: Memorandum of Agreement, Memorandum of Agreement