Vacation Accumulation definition

Vacation Accumulation. The Board and the Superintendent agree that periodic vacation is beneficial to “recharge” the Superintendent. As such, the Superintendent shall use at least ten (10) days of vacation each year. At the end of the contract year the Superintendent will be reimbursed for up to ten (10) days of any remaining unused vacation days at the effective daily rate of pay in such contract year. Any remaining unused vacation days remaining from a prior contract year shall be added to the number of vacation days the Superintendent has for the following contract year, such that the total vacation days at the beginning of each contract year be no more than thirty (30) days. Upon ending employment, unused vacation days will not be paid except to the extent required by law. If payable, unused vacation will be paid at the effective daily rate of pay at the time each unused vacation day first became available. There shall be no pay for unused vacation days in the event the Board determines that the Superintendent has engaged in misconduct which provides just cause for termination or cancellation.
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Examples of Vacation Accumulation in a sentence

  • Vacation may be accumulated as other employees according to the section on Vacation Accumulation (See Article 5.1).

  • Employees who have successfully completed their respective probationary periods will be entitled to vacations with pay in accordance with the following schedule: Term of Service Maximum Vacation Earned Per Month Maximum Vacation Earned Per Year Maximum Vacation Accumulation Per Sec.

  • Vacation may be accumulated as other employees according to the section on Vacation Accumulation (See Article 5.

  • Vacation Accumulation – Earned vacation is credited monthly at rates that are based upon length of continuous employment.

  • Vacation Accumulation: An employee may elect to bank a maximum of three (3) weeks of vacation for an indefinite period.

  • Vacation Accumulation The amount of vacation accumulation shall not exceed 240 hours for the purpose of early retirement.

  • Vacation Accumulation and Cash Out for Employees With Hire Dates After June 30, 1998.

  • Annual Vacation Accumulation Paid vacation leave credits shall be earned on the basis of regular hours paid.

  • Vacation 13 17.1 Vacation Scheduling 13 17.2 Vacation Benefits 13 17.3 Vacation Accumulation 14 Section 18.

  • Completed Years of Service Annual Vacation Accrual Maximum Vacation Accumulation Less than 1 year 5/6 of a vacation day per month 4 weeks Effective January 1, 2024, employees shall accrue vacation in accordance with the table below:.

Related to Vacation Accumulation

  • Principal Accumulation Account Balance means, for any date of determination, the principal amount, if any, on deposit in the Principal Accumulation Account on such date of determination.

  • Accumulation Account The account designated as such, established and maintained pursuant to Section 5.01(a)(iii) of the Trust Sale and Servicing Agreement.

  • Return Accumulation Period means the period from (and including) a Periodic Distribution Date (or, in the case of the first Return Accumulation Period, the Issue Date) to (but excluding) the next (or, in the case of the first Return Accumulation Period, the first) Periodic Distribution Date;

  • Accumulation Period has the meaning set forth in the Indenture Supplement.

  • Accumulation shall not exceed an amount equal to twice the annualized current vacation earnings rate of the employee. This is the employee’s “Maximum Balance.”