Common use of Negative Accruals Limited Clause in Contracts

Negative Accruals Limited. Employees hired after January 1, 1973 shall be allowed to accrue a maximum negative balance in their vacation account of up to eighty (80) hours. The value of any existing negative balance shall be deducted from final pay due at their termination of employment. The anniversary date for increase in such employee's vacation allowance shall be the beginning of the work day immediately following the completion of the appropriate number of years of continuous service.

Negative Accruals Limited. Employees hired after January 1, 1973 shall be allowed to accrue a maximum negative balance in their vacation account of up to eighty (80) hours. The value of any existing negative balance shall be deducted from final pay due at their seasonal layoff or termination of employment. The anniversary date for increase in such employee's vacation allowance shall be the beginning of the work day immediately following the completion of the appropriate number of years of continuous service.

Negative Accruals Limited. Employees hired after January 1, 1973 shall be allowed to accrue a maximum negative balance in their vacation account of up to eighty (80) hours. The value of any existing negative balance shall be deducted from final pay due at their termination of employment. The anniversary date for increase in such employee's vacation allowance shall be the beginning of the work day immediately following the completion of the appropriate number of years of continuous service.

Negative Accruals Limited. Employees hired after January 1, 1973 and who have signed a promissory note authorizing the deduction of any negative balances from pay as indicated below, shall be allowed to accrue a maximum negative balance in their vacation account of up to eighty (80) hours. The value of any existing negative balance shall be deducted from final pay due whenever they are laid off and/or at their the termination of their employment. The anniversary date for increase in such employee's vacation allowance shall be the beginning of the work day immediately following the completion of the appropriate number of years of continuous service.

Negative Accruals Limited. Employees hired after January 1, 1973 shall be allowed to accrue a maximum negative balance in their vacation account of up to eighty (80) hours. The value of any existing negative balance shall be deducted from final pay due at their termination of employment. The anniversary date for increase (Increases in such employee's vacation allowance shall be made at the beginning of the work day immediately following the completion of pay period during which they complete the appropriate number of years of continuous service.)