Accrual Rates definition

Accrual Rates shall have the meaning provided in Section 1.09(j).”
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Accrual Rates. The amount of PTO each employee is eligible to accrue is based upon the employee’s length of service and the number of hours for which the employee is paid during each pay period.
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Examples of Accrual Rates in a sentence

  • Notwithstanding the foregoing provisions addressing PTO Accrual Rates, nothing in this Section 6.4(b) or elsewhere in this Agreement requires SEARHC to adopt any other aspects of the City’s or the Hospital’s paid time off policies (including any requirement to carry-over or cash out any unused accrued paid time off from year-to-year or upon termination of employment) or otherwise limits SEARHC in the adoption or modification of its paid time off policies as applied to the Transferred Employees.

  • Vacation Accrual Rates for Fire Department 56 hour Employees Vacation Years of Service Vacation Pay Period Accrual Rate (hours:minutes) Maximum Hours Less than 4 years 6:32 144 4 to less than 10 years 8:27 192 10 to less than 12 years 9:40 216 12 to less than 20 years 10:46 240 Maximum Carryover = 480 Hours Maximum In-Service Payout = 240 Hours Table 4.

  • Vacation Accrual Rates for Fire Department 40 hour Employees Vacation Years of Service Vacation Pay Period Accrual Rate (hours:minutes) Maximum Hours Maximum Carryover = 320 Hours Maximum In-Service Payout = 160 Hours Retroactive adjustments which encompass pay periods prior to the pay period ending April 15, 2012 will be made using the rates in effect under CWTAPPS.

  • Vacation Accrual Rates for Probation 56-hour Employees Vacation Years of Service Vacation Pay Period Accrual Rate (hours:minutes) Maximum Hours Less than 4 years 4:58 112 4 to less than 9 years 7:19 168 9 to less than 11 years 8:22 192 11 to less than 13 years 9:24 216 13 to less than 20 years 9:45 224 Maximum Carryover = 672 Hours Maximum In-Service Payout = 224 Hours Table 3.

  • Accrual Rates Paid Leave shall accrue on each regular hour that is paid, excluding paid overtime, on call time, and paid lunch/break time.

  • The maximum number of PTO hours a nurse may accumulate is 13 set forth in Section D (Accrual Rates) above.

  • The maximum number of PTO hours a nurse may accumulate is set forth in Section D (Accrual Rates) above.

  • Length of Service from Benefit Date Annual Leave Allowance (Accrual Rates Per Pay Period) Max.

  • The term “Minimum Aggregate Allocation Gateway” means, for Plan Years beginning on or after January 1, 2002, in the case where this Plan (or any other defined contribution plan that is aggregated with this Plan) is aggregated with any defined benefit plan for purposes of applying the general test for non-discrimination based upon Equivalent Accrual Rates for the defined contribution plan(s), a minimum Aggregate Normal Allocation Rate that must be provided to each Non-Highly Compensated Employee.

  • Annual Accrual Rates - Earned paid vacation hours shall be credited to the employee's account as accrued upon completion of each standard workweek.