# Maximum Accrual definition

Maximum Accrual has the meaning specified in Section 2.5(c).
Maximum Accrual shall have the meaning assigned thereto in Section 2.25.
Maximum Accrual has the meaning set forth in Section 2.11(h).

## Examples of Maximum Accrual in a sentence

• Continuous Years Worked Days accrued per Month Year Maximum Accrual 0 thru 1 1 12 12* 2 thru 5 1 ¼ 15 34 6 thru 10 1 ½ 18 40 11 thru 15 1 ¾ 21 46 16 thru 20 2 24 52 21 plus 2 ¼ 27 58 1 day = 8 hours; 1 1/4 days = 10 hours; 1 1/2 days = 12 hours; and 1 3/4 days = 14 hours; 2 days = 16 hours; 2 ¼ days = 18 hours * No payment for accrued but unused annual leave will be made upon separation from employment within the first twelve (12) months of employment.

• Further accrual beyond this Maximum Accrual is not possible, and the Employee will receive no further vacation credit for months of service completed until the Employee reduces vacation credits.

• An Employee may continue to accrue vacation up to the Maximum Accrual shown under the Accrual Schedule section.

• Part-time employees’ annual maximum will be prorated relative to fulltime employment.2. Posting: Sick leave will be posted to an employee's account at the end of each payroll period in which the leave is earned.3. Maximum Accrual: There will be no maximum accrual of sick leave hours.4. Sick leave will not accrue during leave without pay.

• Continuous Years Worked Days Accrued per Month Year Maximum Accrual 0 thru 8 1 ¼ 15 90 9 thru 15 1 ¼ 15 105 16 plus 1 ¼ 15 120 For employees working a 37 1/2 hour week, 1 1/4 days equals 9 hours, 23 minutes.

## More Definitions of Maximum Accrual

Maximum Accrual is an amount equal to the product of the issue price (as defined in Code Sections 1273(b) and 1274(a)) of such Notes and their yield to maturity, and a “Testing Date” is any Interest Payment Date and the date on which any “accrual period” (within the meaning of Section 1272(a)(5) of the Code) closes. Any accrued interest that for any reason has not theretofore been paid shall be paid in full on the date on which the final principal payment on a Note is made.
Maximum Accrual has the meaning set forth in Section 2.1.4 hereof.
Maximum Accrual with respect to any issue of Specified Holdings Securities, an amount equal to the product of (i) the initial issue price (as defined in Sections 1273(b) and 1274(a) of the Code) of such Specified Holdings Securities and (ii) the yield to maturity (interpreted in accordance with Section 163(i) of the Code) of such Specified Holdings Securities.
Maximum Accrual has the meaning set forth in Section 4.08.
Maximum Accrual has the meaning set forth in Section 3.2.2 of the Agreement.
Maximum Accrual shall have the meaning set forth in the definition of AHYDO Payments.
Maximum Accrual shall have the meaning assigned to such term in Section 6.11.