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:
Salary Rate The annual salary for regular faculty will be prorated according to the established workload for the academic year.
Vacation Accrual Rates Laid off employees who are re-employed shall have the vacation accrual rate they held immediately prior to layoff restored.
Interest Rate The LHIN may charge the HSP interest on any amount owing by the HSP at the then current interest rate charged by the Province of Ontario on accounts receivable.
SALARY RATES Section 12.1 The following shall apply to full-time employees: