Common use of Vacation Accrual and Use Clause in Contracts

Vacation Accrual and Use. All employees can accumulate twice the number of vacation days earned per year. For instance, an employee who has three (3) or less years of creditable service with the District can accumulate twenty (20) days of vacation (2 x 10 days). At no time shall the employee’s accumulated balance exceed twice the annual allocation and no additional days can be accrued that cause the total amount to be in excess of this maximum. Upon retirement or termination, persons having earned unused vacation time will be paid their regular rate of pay for such vacation. The employee may tax shelter any unused sick leave/vacation pay through District-approved plans up to the limits allowed by IRS regulations. Contact the Human Resources Department for information. Upon the death of an employee, his/her accrued vacation will be paid to the beneficiary. An employee must work one-half of the working days of a month to receive credit toward vacation for that month. When computing earned vacation time, absences of an employee on vacation or approved paid sick leave will be considered as time served. Monthly accrued vacation shall be determined from the following table. See "Eligibility" section for new employee restriction. Ten days per calendar year Class A accrual Fifteen Days per calendar year Class B accrual Twenty days per calendar year Class C accrual Creditable months of service Earned hours Creditable months of service Earned hours Creditable months of service Earned hours 1 6.67 1 10 1 13.33 2 13.34 2 20 2 26.66 3 20.01 3 30 3 39.99 4 26.68 4 40 4 53.32 5 33.35 5 50 5 66.65 6 40.02 6 60 6 79.98 7 46.69 7 70 7 93.31 8 53.36 8 80 8 106.64 9 60.03 9 90 9 119.97 10 66.70 10 100 10 133.30 11 73.37 11 110 11 146.63 12 80.04 12 120 12 159.96

Appears in 4 contracts

Samples: Agreement, Agreement, Agreement

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Vacation Accrual and Use. All employees can accumulate twice the number of vacation days earned per year. For instance, an employee who has three (3) or less years of creditable service with the District can accumulate twenty (20) days of vacation (2 x 10 days). At no time shall the employee’s accumulated balance exceed twice the annual allocation and no additional days can be accrued that cause the total amount to be in excess of this maximum. Upon retirement or termination, persons having earned unused vacation time will be paid their regular rate of pay for such vacation. The employee may tax shelter any unused sick leave/vacation pay through District-approved plans up to the limits allowed by IRS regulations. Contact the Human Resources Department for information. Upon the death of an employee, his/her accrued vacation will be paid to the beneficiary. An employee must work one-half of the working days of a month to receive credit toward vacation for that month. When computing earned vacation time, absences of an employee on vacation or approved paid sick leave will be considered as time served. Monthly accrued vacation shall be determined from the following table. See "Eligibility" section for new employee restriction. Ten days per calendar year Class A accrual Fifteen Days per calendar year Class B accrual Twenty days per calendar year Class C accrual Creditable months of service Earned hours Creditable months of service Earned hours Creditable months of service Earned hours 1 6.67 1 10 1 13.33 2 13.34 2 20 2 26.66 3 20.01 3 30 3 39.99 4 26.68 4 40 4 53.32 5 33.35 5 50 5 66.65 6 40.02 6 60 6 79.98 7 46.69 7 70 7 93.31 8 53.36 8 80 8 106.64 9 60.03 9 90 9 119.97 10 66.70 10 100 10 133.30 11 73.37 11 110 11 146.63 12 80.04 12 120 12 159.96

Appears in 1 contract

Samples: Agreement

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