Seniority Accrual definition

Seniority Accrual. A laid off employee who is recalled within the twelve (12) month 17 period will retain seniority and sick leave benefits accrued at the time of the lay off.
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Seniority Accrual. An employee on an approved Union leave shall continue to accrue seniority at the same rate of their accrual immediately preceding the leave. For the purposes of Union Leave, all hours worked for the Union shall count as “hours worked” as defined in the CBA to a maximum of the employees regularly scheduled hours per month per employee, including wage progression, but excluding eligibility and contributions to the Health Benefits Trust and Training Partnership. An employee on Union Leave shall not earn PTO or other compensation while on Union Leave. In order to ensure continuity of benefits from the Health Benefits Trust and the Training Partnership, of up to six months for each Union Leave, all hours worked for the Union shall count as “hours worked” as defined in the CBA for the purposes of Health Trust contributions, and the Union shall make contributions directly to the Training Partnership and Health Benefits Trust, as if it were the Employer on all hours worked. In no event shall benefits from the Health Benefits Trust of Training Partnership under this provision continue for more than six consecutive months.
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Seniority Accrual. An employee on an approved Union leave shall continue to accrue seniority at the same rate of their accrual immediately preceding the leave. The Union shall reimburse an Employer for benefit costs incurred by an Employer for employees on union leave, or alternately, for healthcare benefits, the Union may make contributions, as established by Article 18, to the Health Benefits Trust directly on all of the employee’s hours worked while on Union Leave.
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Examples of Seniority Accrual in a sentence

  • Employee Comments Received Regarding Past Differences in Seniority Accrual between Pre-Merger Work Groups Seniority accrual and retention was handled differently in the past for the different work groups at the pre-merger carriers.

  • Seniority Accrual Seniority will begin to accrue upon commencement of initial Flight Attendant training.

  • It is to be understood by the Parties that the aforementioned Subsidy, Vacation and Seniority Accrual and Benefits continuance shall be limited to one (1) parent/guardian.

  • Unpaid Leaves of Absence Chart (25.N.) – effective DOS (Seniority Accrual and Longevity Accrual).

  • LEAVE OF ABSENCE Vacation entitlement and benefit and seniority accrual for employees granted a leave pursuant to this Article will be determined in accordance with Article Benefits and Seniority Accrual for Employees Not Actively at Work.

  • If a request is denied, reason shall be provided.” Seniority Accrual Employer-requested removal of language prohibiting employees from obtaining seniority if they take family medical leave for childbirth or are placed on workers' compensation due to an unavoidable accident.

  • The following equivalents will be used: Service Period Seniority Accrual (Hours) 6 months 1,040 12 months 2,080 5 years 10,400 10 years 20,800 For hours worked November 1, 2020 and thereafter, seniority will be calculated and accrued on an hour-for-hour basis.

  • Limited Seniority Accrual During Specified Absences, Including Lay-OffAn employee shall continue to accrue full seniority while on force-reduction furlough and for periods of absences on account of illness or accident disability for a period not to exceed 2 years.

  • Seniority is defined as continuous length of service within the bargaining unit as of the employee’s first workday as a regular employee, including any authorized leave, except as outlined in Seniority Accrual Section.

  • Annual Seniority Accrual for part time employees is reduced from 1950 hours per year to 1800 hour per year.

Related to Seniority Accrual

  • Seniority Date The date on which a Participant has:

  • Seniority means length of service with the Employer.

  • Classification Seniority is defined as the length of service in a specific job classification within the bargaining unit, beginning with the date an employee starts to serve a probationary appointment. Classification Seniority shall be interrupted only by separation because of resignation, discharge for just cause, failure to return upon expiration of a leave of absence, failure to respond to a recall from layoff, or retirement.

  • Maturity Account means an account or accounts required to be established by the Corporation (and which shall be maintained by and subject to the control of the Trustee) for each series of Debentures issued pursuant to and in accordance with this Indenture;

  • Priority area means the portions of the qualified incentive area

  • Priority Amount As to any Distribution Date, the amount equal to the sum of (i) the product of (A) the Scheduled Principal Distribution Amount, (B) the Shift Percentage and (C) the Priority Percentage and (ii) the product of (A) the Unscheduled Principal Distribution Amount, (B) the Shift Percentage and (C) the Priority Percentage.

  • Facility Account means the account of Seller at Bank One, Account ---------------- No. 10-36987.

  • Priority Payables means, as of any date of determination: (a) the full amount of the liabilities of any Borrower at such time which, except for liabilities associated with Permitted Encumbrances (i) have a trust, deemed trust or statutory lien imposed to provide for payment or a security interest, pledge, hypothec, charge or other Lien ranking or capable of ranking senior to or pari passu with the Liens granted to Agent on the Collateral under federal, provincial, municipal or local law in Canada or (ii) have a right imposed to provide for payment ranking or capable of ranking senior to or pari passu with such Obligations under local or federal law, regulation or directive, including, but not limited to, claims for unremitted and/or accelerated rents, taxes (including sales tax, goods and services taxes, harmonized sales taxes and withholding taxes), wages, withholding taxes, VAT and other amounts payable to an insolvency administrator, employee withholdings or deductions and vacation pay, severance and termination pay, workers’ compensation obligations, government royalties, pension fund obligations or any amounts representing any unfunded liability (whether or not due), solvency deficiency or wind up deficiency with respect to any defined benefit plan for Canadian employees which could become subject to a trust, deemed trust or statutory lien, in each case, to the extent such trust, deemed trust, statutory lien, security interest, hypothec, charge or other Lien has been or could reasonably be expected to be imposed as determined by Agent in its sole discretion; and (b) the amount equal to the percentage applicable to Inventory located in Canada that is part of the Formula Amount which Agent, in its Permitted Discretion, considers as being, or is reasonably likely to become, subject to retention of title by a supplier or a right of a supplier to recover possession thereof, where such supplier’s right has priority over Agent’s Liens securing such Obligations, including, without limitation, Eligible Inventory subject to a right of a supplier to repossess goods pursuant to Section 81.1 of the Bankruptcy and Insolvency Act (Canada) or any applicable laws granting revendication or similar rights to unpaid suppliers or any similar laws of Canada or any other applicable jurisdiction.

  • Failed Bank Charge-Offs/Write-Downs means, with respect to any Shared- Loss Asset, an amount equal to the aggregate amount of reversals or charge-offs of Accrued Interest and charge-offs and write-downs of principal effected by the Failed Bank with respect to that Shared-Loss Asset as reflected on the Accounting Records of the Failed Bank.

  • Group I Loans The Mortgage Loans designated on the Mortgage Loan Schedule as Group I Loans.

  • priority date means the date of the earlier application that serves as the basis for the right of priority provided for in the Paris Convention;

  • Priority 2 Individuals who are: Age 60 and over in need of the following medically related trips: • Need for life sustaining medical care such as dialysis, chemotherapy, radiation treatment • Multi-system failure or conditions requiring immediate medical supervision/care, e.g. diabetes, heart disease, Chronic Obstructive Pulmonary Disease (COPD) • Surgery or non-elective (immediate need) procedure

  • Regular Distribution Dates means each June 15 and each December 15, commencing on December 15, 2016; provided, however, that, if any such day shall not be a Business Day, the related distribution shall be made on the next succeeding Business Day without additional interest.

  • Regular Distribution Date Replacement Liquidity Facility", "Responsible Officer", "Scheduled Payment", "Special Payment", "S&P", "Stated Interest Rate", "Subordination Agent", "Taxes", "Threshold Rating", "Trust Agreement", "Trustee", "Underwriters", "Underwriting Agreement", "United States" and "Written Notice".

  • Group II Loans The Mortgage Loans designated on the Mortgage Loan Schedule as Group II Loans.

  • Priority List means the annual listing of fundable, waiting, and planning portion projects.

  • Group II Senior Certificates As specified in the Preliminary Statement.

  • Total Debt Service means the sum of (i) scheduled or other required payments of principal on Indebtedness, and (ii) Interest Expense, in each case for such period.

  • Group II Country means Germany, Sweden and Switzerland.

  • Lower-Tier Distribution Account A subaccount of the Distribution Account, which shall be an asset of the Trust Fund and the Lower-Tier REMIC.

  • Senior Security Account means an account maintained and specifically allocated to a Series under the terms of this Agreement as a segregated account, by recordation or otherwise, within the custody account in which certain Securities and/or other assets of the Fund specifically allocated to such Series shall be deposited and withdrawn from time to time in accordance with Certificates received by the Custodian in connection with such transactions as the Fund may from time to time determine.

  • Annual Debt Service as of any date means the maximum amount which is expensed in any 12-month period for interest on Debt of the Company and its Subsidiaries.

  • Loan Group II Cap With respect to the Group II Mortgage Loans as of any Distribution Date, the product of (i) the weighted average of the Adjusted Net Mortgage Rates then in effect on the beginning of the related Due Period on the Group II Mortgage Loans and (ii) a fraction, the numerator of which is 30 and the denominator of which is the actual number of days in the Interest Accrual Period related to such Distribution Date.

  • Financing Accounts means, collectively, the Credit Account and the Grant Account (or, where the context so requires, either of the Credit Account or the Grant Account).”

  • Group II Stepdown Date The later to occur of (i) the Distribution Date in [Month/Year] or (ii) the first Distribution Date on which (A) the Group II Class A Certificate Principal Balance (reduced by the Group II Principal Funds with respect to such Distribution Date) is less than or equal to (B) ___% of the Stated Principal Balances of the Group II Mortgage Loans plus the Pre-Funded Amount allocable to Loan Group II, in each case, as of such Distribution Date.

  • Loan Group I Cap With respect to the Group I Mortgage Loans as of any Distribution Date, the product of (i) the weighted average of the Adjusted Net Mortgage Rates then in effect on the beginning of the related Due Period on the Group I Mortgage Loans and (ii) a fraction, the numerator of which is 30 and the denominator of which is the actual number of days in the Interest Accrual Period related to such Distribution Date.