Accrual Rates definition

Accrual Rates shall have the meaning provided in Section 1.09(j).”
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. Leave Accrual: Full Time Employees (30+ hours per week) Leave Level Accrual Max Days 1 90 days – 2 year (per hours paid) .05 per hour, max 4.0 per bi-weekly pay period and 13 days max per year.

Examples of Accrual Rates in a sentence

  • Accrual Rates for Full-Time Employees are: Service TimeHours per MonthDays per Year1 month to 3 years121837 months to 8 years142197 months to 15 years1624over 15 years1827 Personal leave can be taken only with approval of the employee's supervisor and may be denied if such leave causes a major problem in the workload distribution within the unit.

  • Employees accrue sick leave based upon hours worked (excluding overtime), paid leave, and holiday in accordance with the DRS Sick Leave Accrual Rates and Accumulation Limits Schedule not to exceed the total possible work hours for the month.

  • The Minimum Allocation Gateway can be utilized so long as neither this Plan nor any other defined contribution plan (that is aggregated with this Plan) is aggregated with any defined benefit plan in applying the general test for non-discrimination based upon Equivalent Accrual Rates for the defined contribution plan(s).

  • Accrual Rates Based on Years of Service: Part-time employees shall earn vacation leave on a pro rata basis based on actual hours worked.

  • Accrual Rates for Full-Time Employees are: Service TimeHours per Month12-Month Employees 9-Month Employee1 month to 3 years813.3337 months to 8 years714.2097 months to 15 years615.40over 15 years516.00 Personal leave (or compensatory time) must be used for the first eight hours (or normally scheduled work day for a part-time employee) of an employee’s illness or illness of a member of the employee’s immediate family before using medical leave.

  • Employees shall accrue leave based upon hours worked (excluding overtime), paid leave, and holidays in accordance with the DRS Annual Leave Accrual Rates and Accumulation Limit Schedule not to exceed the total possible work hours for the month.

  • Equivalent Accrual Rates must be determined in a consistent manner for all Employees for the Plan Year.

  • Effect of Re-Employment or Reinstatement on Leave Accrual Rates and Pay A former employee who returns to County service shall not be entitled to accumulated sick leave benefits unless the return to County service is the result of reinstatement within one year of termination of employment OR is a result of re-employment after a layoff due to lack of work, lack of funds, or in the interest of economy.

  • In lieu of vacation accrual, Employee shall accrue longevity pay credits as follows: Longevity Pay Accrual Rates Longevity pay credits shall be accrued as set forth in the following table.

  • All branches from headers shall be taken from top (utilities) unless restrained by P&ID requirement.

Related to Accrual Rates

  • Accrual Rate With respect to the Class A Certificates and any Distribution Date, the lesser of (i) the One-Month LIBOR Pass-Through Rate for the applicable Interest Accrual Period and (ii) the Maximum Class A Pass-Through Rate for such Interest Accrual Period.

  • Current Accrual Rate means, with respect to each Payment Date and any Reference Obligation, the current mortgage rate, less the greater of (i) the related servicing fee rate and (ii) 35 basis points.

  • Original Accrual Rate means, with respect to any Reference Obligation, the mortgage rate as of the Cut-off Date, less the greater of (x) the related servicing fee and (y) 35 basis points.

  • ANNUAL RATE ADJUST: MONTHLY P&I : 2,117.87 OUTSIDE CONV DATE : LIFETIME RATE : 7.87500 MATURITY DATE : 08/01/27 CURRENT INT RATE: 7.87500 PRODUCT CODE : 002 LTV : 79.99900 ---------------------------------------------------------------- 0 0030914758 MORTGAGORS: CURTIS HERBERT XXXXXX XXXX REGION CODE ADDRESS : 1100 XXXXXX XXXXXX 01 CITY : OAK VIXX STATE/ZIP : CA 93022 MORTGAGE AMOUNT : 320,000.00 OPTION TO CONXXXX : UNPAID BALANCE : 319,351.54 ANNUAL RATE ADJUST: MONTHLY P&I : 2,348.05 OUTSIDE CONV DATE : LIFETIME RATE : 8.00000 MATURITY DATE : 08/01/27 CURRENT INT RATE: 8.00000 PRODUCT CODE : 002 LTV : 77.66900 ---------------------------------------------------------------- 0 0030914873 MORTGAGORS: GUAN LI REGION CODE ADDRESS : 5800 XXXXXXX XXXXX 01 CITY : AUSTIN STATE/ZIP : TX 78759 MORTGAGE AMOUNT : 225,400.00 OPTION TO CONXXXX : UNPAID BALANCE : 224,757.45 ANNUAL RATE ADJUST: MONTHLY P&I : 1,614.80 OUTSIDE CONV DATE : LIFETIME RATE : 7.75000 MATURITY DATE : 07/01/27 CURRENT INT RATE: 7.75000 PRODUCT CODE : 002 LTV : 79.98500 ---------------------------------------------------------------- 0 0030914899 MORTGAGORS: HALLAM RICHARD REGION CODE ADDRESS : 0000 XXXXX XXXXXXXX XXXXX 01 CITY : XXXX STATE/ZIP : TX 77450 MORTGAGE AMOUNT : 233,800.00 OPTION TO CONXXXX : UNPAID BALANCE : 233,314.10 ANNUAL RATE ADJUST: MONTHLY P&I : 1,695.22 OUTSIDE CONV DATE : LIFETIME RATE : 7.87500 MATURITY DATE : 08/01/27 CURRENT INT RATE: 7.87500 PRODUCT CODE : 002 LTV : 89.98400 ---------------------------------------------------------------- 0 0030916316 MORTGAGORS: LUCKETT EDWARD XXXXXXX XXXX REGION CODE ADDRESS : 87 XXXXX XXXX 00 CITY : FAIR HAVEN STATE/ZIP : NJ 07704 MORTGAGE AMOUNT : 500,000.00 OPTION TO CONXXXX : UNPAID BALANCE : 499,672.93 ANNUAL RATE ADJUST: MONTHLY P&I : 3,712.49 OUTSIDE CONV DATE : LIFETIME RATE : 8.12500 MATURITY DATE : 10/01/27 CURRENT INT RATE: 8.12500 PRODUCT CODE : 002 LTV : 84.74500 ---------------------------------------------------------------- - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 1,571,292.00 P & I AMT: 11,488.43 UPB AMT: 1,568,581.01 1 GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C ISSUE DATE: 11/01/97 P.O. BOX 5260 TMS AG0004971130 00 01 PAGE: 44 CHERRY HILL, N.J. 08034

  • additional rate means the additional rate levied by the City of Cape Town on rateable properties within the designated boundaries of the Special Rating Area for purposes of raising funds for improving and upgrading that area, subject to any exemptions or permissible differentiation between categories of property, as contemplated in section 22(1) of the Rates Act, read with sections 8(1) and 12(2) of the By-Law;

  • Accrual Yield means the rate specified as such in the applicable Final Terms; and

  • Curr Rate CLTV: Prin Bal: Maturity Date: Lien Pos: 4079786 FL 300 14 70540 48000 610.15 698 407978600000000 8 298 1 95000 11/14/2000 46 Xxxxxxx 33584 2 14.880 125 47319.51 11/27/2025 2 4079788 CA 181 14 181953 48000 615.23 709 407978800000000 6 179 1 217962 11/21/2000 49 fontana 92335 2 13.250 106 47828.6 12/01/2015 2 4079789 FL 241 14 84117 37000 483.8 694 407978900000000 9 239 1 97000 11/21/2000 36 Tampa 33637 2 14.880 125 36933.18 12/01/2020 2 4079790 FL 241 14 110232 56000 686.23 680 407979000000000 9 239 1 147000 11/24/2000 00 XXXX XXXXX 00000 2 13.750 114 55955.44 12/07/2020 2 4079791 CA 181 14 72803 35000 437.09 746 407979100000000 6 179 1 95000 11/21/2000 34 FRESNO 93726 2 12.750 114 34934.78 12/01/2015 2 4079793 CA 240 14 137352 59500 686.52 740 407979300000000 9 238 1 158000 11/14/2000 50 Citrus Heights 95621 2 12.750 125 59377.28 11/27/2020 2 4079795 CA 301 4 59511 21500 315.53 668 407979500000000 8 298 1 69000 10/31/2000 00 XXXXXX XXXX 91303 2 17.380 118 21490.48 11/08/2025 2 4079796 FL 180 14 121639 25000 347.76 682 407979600000000 6 178 1 135000 11/09/2000 49 ORLANDO 32835 2 14.880 109 24923.81 11/27/2015 2 4079797 CA 181 14 108833 30000 373.67 692 407979700000000 6 179 1 147000 11/21/2000 45 chino hills 91709 2 12.700 95 29943.83 12/01/2015 2 4079799 CA 180 14 66725 18000 250.39 666 407979900000000 6 178 1 71000 11/14/2000 44 Lancaster 93535 2 14.880 120 17945.14 11/27/2015 2 4079801 CA 301 14 111656 44300 563.11 669 407980100000000 8 299 1 129000 11/18/2000 42 Delano 93215 2 14.880 121 44286.03 12/01/2025 2 4080051 NH 300 14 85333 35000 362.18 724 408005100000000 8 299 1 96500 12/01/2000 28 Concord 3301 2 11.750 125 34980.53 12/05/2025 2 4080189 IA 301 14 34961 40000 508.46 675 408018900000000 8 299 1 72000 11/11/2000 00 Xxxxxx Xxxxxx 00000 2 14.880 105 39987.37 12/05/2025 2 4080244 IL 240 14 71100 27000 345.6 670 408024400000000 9 238 1 79000 11/06/2000 31 Bethalfo 62010 2 14.500 125 26886.07 11/10/2020 2 4080263 PA 300 14 62256.74 29000 371.22 662 408026300000000 8 298 1 73131 11/08/2000 30 Duncannon 17020 2 14.990 125 28981.97 11/14/2025 2

  • SBI 1 Year MCLR Rate means 1 year Marginal Cost of Funds Based Lending Rate (MCLR) fixed by State Bank of India (SBI) / any replacement thereof by SBI for the time being in effect applicable for 1 year period, as on 1st April of the respective financial year in accordance with regulations and guidelines of Reserve Bank of India. In absence of such rate, any other arrangement that substitutes such rate as mutually agreed to by the Parties.

  • Three-Month LIBOR Rate means the rate determined in accordance with the following provisions:

  • Accrual Period With respect to the Class A Certificates and the Mezzanine Certificates and each Distribution Date, the period commencing on the preceding Distribution Date (or in the case of the first such Accrual Period, commencing on the Closing Date) and ending on the day preceding the current Distribution Date. With respect to the Class C Certificates and each Distribution Date, the calendar month prior to the month of such Distribution Date.

  • 3-Month LIBOR means the London interbank offered interest rate for three-month, U.S. dollar deposits determined by the Trustee in the following order of priority:

  • Weighted Average Advance Rate means, as of any date of determination with respect to all Eligible Collateral Obligations included in the Adjusted Aggregate Eligible Collateral Obligation Balance, the number obtained by (i) summing the products obtained by multiplying (a) the Advance Rate of each such Eligible Collateral Obligation by (b) such Eligible Collateral Obligation’s contribution to the Adjusted Aggregate Eligible Collateral Obligation Balance and (ii) dividing such sum by the Adjusted Aggregate Eligible Collateral Obligation Balance.

  • Applicable Interest Rate Margin means (a) as to any Base Rate Advance, the applicable rate per annum set forth below under the caption “Base Rate Spread” and (b) as to any LIBO Rate Advance, the applicable rate per annum set forth below under the caption “LIBO Rate Spread”, determined by reference to the higher of (i) the rating of Mondelēz’s long-term senior unsecured Debt from Standard & Poor’s (or, if there shall be no outstanding rated long- term senior unsecured Debt of Mondelēz, the long-term company, issuer or similar rating established by Standard & Poor’s for Mondelēz) and (ii) the rating of Mondelēz’s long-term senior unsecured Debt from Moody’s (or, if there shall be no outstanding rated long-term senior unsecured Debt of Mondelēz, the long-term company, issuer or similar rating established by Moody’s for Mondelēz), in each case on such date:

  • Applicable Mortality Table means the mortality table based on the then prevailing standard table (described in Section 807(d)(5)(A) of the Code) used to determine reserves for group annuity contracts issued as of the date as of which the value of the benefit involved is determined (without regard to any other subparagraph of Section 807(d)(5) of the Code) that is prescribed by the Commissioner of Internal Revenue for purposes of determining the value of benefits.

  • One Month LIBOR Rate means, with respect to any interest rate calculation for a Loan or other Obligation bearing interest at the Alternate Base Rate, a rate per annum equal to the quotient (rounded upward if necessary to the nearest 1/16th of one percent (0.0625%)) of (i) the rate per annum referred to as the BBA (British Bankers Association) LIBOR RATE as reported on Reuters LIBOR page 1, or if not reported by Reuters, as reported by any service selected by Administrative Agent on the applicable day (provided that if such day is not a Eurodollar Banking Day for which a Eurodollar Rate is quoted, the next preceding Eurodollar Banking Day for which a Eurodollar Rate is quoted) at or about 11:00 a.m., London time (or as soon thereafter as practicable), for Dollar deposits being delivered in the London interbank eurodollar currency market for a term of one month commencing on such date of determination, divided by (ii) one minus the Reserve Requirement in effect on such day. If for any reason rates are not available as provided in clause (i) of the preceding sentence, the rate to be used in clause (i) shall be, at Administrative Agent’s discretion (in each case, rounded upward if necessary to the nearest one-sixteenth (1/16) of one percent (0.0625%)), (1) the rate per annum at which Dollar deposits are offered to the Administrative Agent in the London interbank eurodollar currency market or (2) the rate at which Dollar deposits are offered to the Administrative Agent in, or by Xxxxx Fargo to major banks in, any offshore interbank eurodollar market selected by Administrative Agent, in each case on the applicable day (provided that if such day is not a Eurodollar Banking Day for which Dollar deposits are offered to Administrative Agent in the London interbank eurodollar currency market, the next preceding Eurodollar Banking Day for which Dollar deposits are offered to Administrative Agent in the London interbank eurodollar currency market) at or about 11:00 a.m., London time (or as soon thereafter as practicable) (for delivery on such date of determination) for a one month term. Each determination by Administrative Agent pursuant to this definition shall be conclusive absent manifest error.

  • Initial Rate means an annual rate of interest equal to the straight line interpolation between the most recently available official overnight repo rate (CORRA) posted on the Bank of Canada’s website as of approximately 10:00 a.m. (Eastern Time) on November 25, 2015 and the 1 Month Canadian Dollar Bankers’ Acceptance Rate on November 25, 2015, all as determined by the Calculation Agent, plus 17.5 basis points.

  • Final rate means an indirect cost rate applicable to a specified past period which is based on the actual costs of the period. A final rate is not subject to adjustment.

  • Applicable Floating Rate Margin means, as at any date of determination, the rate per annum then applicable to Floating Rate Loans determined in accordance with the provisions of Section 2.15(D)(ii) hereof.

  • 5-year Mid-Swap Rate means, in relation to a Reset Interest Period and the Reset Rate of Interest Determination Date in relation to such Reset Interest Period:

  • Six-Month LIBOR The average of interbank offered rates for six-month U.S. dollar deposits in the London market based on quotations of major banks.

  • One-Month LIBOR Pass-Through Rate With respect to the Class A-1 Certificates and, for purposes of the definition of “Marker Rate”, REMIC II Regular Interest A-1, a per annum rate equal to One-Month LIBOR plus the related Certificate Margin. With respect to the Class A-2A Certificates and, for purposes of the definition of “Marker Rate”, REMIC II Regular Interest A-2A, a per annum rate equal to One-Month LIBOR plus the related Certificate Margin. With respect to the Class A-2B Certificates and, for purposes of the definition of “Marker Rate”, REMIC II Regular Interest A-2B, a per annum rate equal to One-Month LIBOR plus the related Certificate Margin. With respect to the Class A-2C Certificates and, for purposes of the definition of “Marker Rate”, REMIC II Regular Interest A-2C, a per annum rate equal to One-Month LIBOR plus the related Certificate Margin. With respect to the Class A-2D Certificates and, for purposes of the definition of “Marker Rate”, REMIC II Regular Interest A-2D, a per annum rate equal to One-Month LIBOR plus the related Certificate Margin. With respect to the Class M-1 Certificates and, for purposes of the definition of “Marker Rate”, REMIC II Regular Interest M-1, a per annum rate equal to One-Month LIBOR plus the related Certificate Margin. With respect to the Class M-2 Certificates and, for purposes of the definition of “Marker Rate”, REMIC II Regular Interest M-2, a per annum rate equal to One-Month LIBOR plus the related Certificate Margin. With respect to the Class M-3 Certificates and, for purposes of the definition of “Marker Rate”, REMIC II Regular Interest M-3, a per annum rate equal to One-Month LIBOR plus the related Certificate Margin. With respect to the Class M-4 Certificates and, for purposes of the definition of “Marker Rate”, REMIC II Regular Interest M-4, a per annum rate equal to One-Month LIBOR plus the related Certificate Margin. With respect to the Class M-5 Certificates and, for purposes of the definition of “Marker Rate”, REMIC II Regular Interest M-5, a per annum rate equal to One-Month LIBOR plus the related Certificate Margin. With respect to the Class M-6 Certificates and, for purposes of the definition of “Marker Rate”, REMIC II Regular Interest M-6, a per annum rate equal to One-Month LIBOR plus the related Certificate Margin. With respect to the Class M-7 Certificates and, for purposes of the definition of “Marker Rate”, REMIC II Regular Interest M-7, a per annum rate equal to One-Month LIBOR plus the related Certificate Margin. With respect to the Class M-8 Certificates and, for purposes of the definition of “Marker Rate”, REMIC II Regular Interest M-8, a per annum rate equal to One-Month LIBOR plus the related Certificate Margin. With respect to the Class M-9 Certificates and, for purposes of the definition of “Marker Rate”, REMIC II Regular Interest M-9, a per annum rate equal to One-Month LIBOR plus the related Certificate Margin. With respect to the Class M-10 Certificates and, for purposes of the definition of “Marker Rate”, REMIC II Regular Interest M-10, a per annum rate equal to One-Month LIBOR plus the related Certificate Margin. With respect to the Class M-11 Certificates and, for purposes of the definition of “Marker Rate”, REMIC II Regular Interest M-11, a per annum rate equal to One-Month LIBOR plus the related Certificate Margin.

  • Annual Revenue Rate means the rate employed to assess a compliance penalty charge on a Curtailment Service Provider under Tariff, Attachment DD, section 11.

  • Three-Month LIBOR means the rate (expressed as a percentage per annum) for deposits in United States dollars for a three-month period commencing on the first day of a Dividend Period that appears on the Reuters Screen LIBOR01 Page as of 11:00 a.m. (London time) on the LIBOR Determination Date for that Dividend Period. If such rate does not appear on Reuters Screen LIBOR01 Page, Three-month LIBOR will be determined on the basis of the rates at which deposits in United States dollars for a three-month period commencing on the first day of that Dividend Period and in a principal amount of not less than $1 million are offered to prime banks in the London interbank market by four major banks in the London interbank market selected by the Calculation Agent (after consultation with the Company), at approximately 11:00 a.m., London time, on the LIBOR Determination Date for that Dividend Period. The Calculation Agent will request the principal London office of each of such banks to provide a quotation of its rate. If at least two such quotations are provided, Three-month LIBOR with respect to that Dividend Period will be the arithmetic mean (rounded upward if necessary to the nearest whole multiple of 0.00001%) of such quotations. If fewer than two quotations are provided, Three-month LIBOR with respect to that Dividend Period will be the arithmetic mean (rounded upward if necessary to the nearest whole multiple of 0.00001%) of the rates quoted by three major banks in New York City selected by the Calculation Agent (after consultation with the Company), at approximately 11:00 a.m., New York City time, on the LIBOR Determination Date for that Dividend Period for loans in United States dollars to leading European banks for a three-month period commencing on the first day of that Dividend Period and in a principal amount of not less than $1 million. However, if fewer than three banks selected by the Calculation Agent to provide quotations are quoting as described above, Three-month LIBOR for that Dividend Period will be the same Three-month LIBOR as determined for the previous Dividend Period or, in the case of the Dividend Period beginning on April 30, 2018, 2.920%. The determination of Three-month LIBOR for each relevant Dividend Period by the Calculation Agent will (in the absence of manifest error) be final and binding.

  • Accrual Amount With respect to any Class of Accrual Certificates and any Distribution Date prior to the Accrual Termination Date, the amount allocable to interest on such Class of Accrual Certificates with respect to such Distribution Date pursuant to Section 4.02(a)(ii).

  • HICP Daily Inflation Reference Index means (i) in relation to the first day of any given calendar month, the HICP Monthly Reference Index of the third calendar month preceding such month, and (ii) in relation to a day D (other than the first day) in any given month ("M"), the linear interpolation of the HICP Monthly Reference Index pertaining respectively to the third calendar month preceding such month ("M – 3") and the second calendar month preceding such month ("M – 2") calculated in accordance with the following formula:

  • Floating Rate Margin means 6.00 per cent. per annum.