Partial-Year Allocation Sample Clauses
Partial-Year Allocation. In allocating Profits and Losses, the Members shall assume that one-twelfth of the Profit or Loss for a year was realized in each month thereof.
Partial-Year Allocation. 27.03.1 Notwithstanding 27.02, Staff Association members who commence employment after July 1 may request, through the General Secretary or the appropriate Associate General Secretary, to schedule vacation days prior to the July 1 allocation up to the total number of days earned under 27.01 at the time of the request. Such vacation days taken shall be subtracted from the member’s July 1 allocation under 27.02.
27.03.2 Staff Association members who terminate their employment subsequent to July 1 shall be entitled to their July vacation allocation plus three (3) days per month of employment from July 1 to the member’s date of termination/retirement.