# 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 shall have the meaning set forth in Section 4.04(i).

## 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.

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

• 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.

• Continuous Years Worked Days accrued Month per Year Maximum Accrual 0 thru 1 1 12 12* 2 thru 8 1-1/4 15 32 9 thru 15 1-1/2 18 38 16 thru 20 1-3/4 21 44 21 plus 2 24 50 For employees working a 37 1/2 hour week, 1 day = 7.5 hours; 1 1/4 days = 9 hours, 23 minutes; 1 1/2 days = 11 hours, 15 minutes; 1 3/4 days = 13 hours, 8 minutes; and 2 days = 15 hours.

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

## More Definitions of Maximum Accrual

Maximum Accrual has the meaning set forth in Section 2.11(h).
Maximum Accrual has the meaning set forth in Section 2.03(d).
Maximum Accrual has the meaning specified in Section 11.01(b).
Maximum Accrual has the meaning set forth in Section 2.1.4 hereof.
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 3.2.2 of the Agreement.
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.