Accrual Maximum Sample Clauses

The Accrual Maximum clause sets a limit on the total amount of a benefit, such as paid time off or vacation days, that an employee can accumulate over time. Typically, once this maximum is reached, the employee will stop accruing additional benefits until their balance falls below the cap, often by using some of the accrued time. This clause helps employers manage liabilities and encourages employees to use their benefits regularly, preventing excessive accumulation that could create financial or operational challenges for the organization.
Accrual Maximum. There shall be no maximum accrual for sick leave.
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Accrual Maximum. Annual leave accrual will stop once the accrual maximum has been reached. It is the employee’s responsibility to monitor accrual levels and maximum accrual levels.
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Accrual Maximum. 5 The maximum allowable accrual balance for the sum total of vacation and compensatory 6 time shall be three hundred twenty (320) hours. 7
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Accrual Maximum. Employees can maintain a maximum accrual of two (2) years of vacation at any time.
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Accrual Maximum. 1. The maximum allowable accrual balance for the sum total of annual leave and compensatory time shall be two hundred forty (240) hours on December 31st of each year.
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Accrual Maximum. A. Employees may accrue no more than 270 hours of vacation time. When an employee reaches their maximum vacation accrual, no further vacation will accrue until the employee’s accrual is decreased below the allowed maximum of 270 hours. B. For employees with over 230 hours that are denied their vacation request by the department, the employee will be allowed to accrue more than the 270 hour maximum until the department grants the request for vacation.
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Accrual Maximum. Earned vacation time may be accumulated, but the employee shall not be allowed to have an accumulation of more than 2 years’ accrual at any time (see table above).
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Accrual Maximum. Employees eligible for vacation leave shall accrue vacation leave
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Accrual Maximum. 1. Employees may accrue a Comp Time balance of up to 60 hours. The Decision Maker or designee can request approval from the Human Resources Director to increase the maximum accrual. A Comp Time balance cannot exceed the limits established in Federal law (reference A). 2. Any overtime worked beyond the department Comp Time maximum must be compensated, with the employee getting one- and one-half times the regular rate of pay for any overtime hours actually worked.
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Related to Accrual Maximum

  • Accrual Rate Compensatory time for employees will accrue at the rate of one and one-half hours for each one hour of overtime worked.

  • Accrual Rates All eligible employees shall accrue vacation pay according to the following rates:

  • Reallocation to a Class with a Lower Salary Range Maximum 1. If the employee meets the skills and abilities requirements of the position and chooses to remain in the reallocated position, the employee retains the existing appointment status and has the right to be placed on the Employer’s internal layoff list for the classification occupied prior to the reallocation. 2. If the employee chooses to vacate the position or does not meet the skills and abilities requirements of the position, the layoff procedure specified in Article 31 of this Agreement applies.

  • Maximum Accrual Vacation credit may be accumulated to a maximum that can be earned in four (4) years. Further accumulation will not continue when the maximum is reached. When an employee’s vacation reaches the maximum level, and if the employee has been denied vacation during the twelve (12) months, the employee will be paid for the time denied but no more than eighty (80) hours in a pay period. 80 hours 320 hours 120 hours 480 hours 160 hours 640 hours 180 hours 720 hours 200 hours 800 hours 240 hours 960 hours

  • Maximum or Minimum Interest Rate If specified on the face hereof, this Note may have either or both of a Maximum Interest Rate or a Minimum Interest Rate. If a Maximum Interest Rate is so designated, the interest rate for a Floating Rate Note cannot ever exceed such Maximum Interest Rate and in the event that the interest rate on any Interest Reset Date would exceed such Maximum Interest Rate (as if no Maximum Interest Rate were in effect) then the interest rate on such Interest Reset Date shall be the Maximum Interest Rate. If a Minimum Interest Rate is so designated, the interest rate for a Floating Rate Note cannot ever be less than such Minimum Interest Rate and in the event that the interest rate on any Interest Reset Date would be less than such Minimum Interest Rate (as if no Minimum Interest Rate were in effect) then the interest rate on such Interest Reset Date shall be the Minimum Interest Rate. Notwithstanding anything to the contrary contained herein, the interest rate on a Floating Rate Note shall not exceed the maximum interest rate permitted by applicable law.