Annual Credit. A permanent full-time or permanent part-time employee who has completed thirteen (13) pay periods of County service shall be credited with personal leave hours based on the percentage of time of the position allocation up to a maximum of thirty (30) hours. For example: 5/5 (40 hours per week) will receive 30 hours 4/5 (32 hours per week) will receive 24 hours ½ (20 hours per week) will receive 15 hours 2/5 (16 hours per week) will receive 12 hours Such hours shall be credited on the first pay period following completion of required service, and annually thereafter on the first day of pay period which includes January 1st.
Annual Credit. Schedule A sets forth the Participant’s Annual Credits to be made at the end of each of the first eight (8) Plan Years commencing with the Plan Year that ends on December 31, 2014. The Company will, on the last day of each such Plan Year, credit the Participant’s SERP Account with the Participant's Annual Credit only: (a) if the Participant is employed as of the last day of the Plan Year by the Company, and (b) if such employment is as the Company’s chief executive officer. Notwithstanding the foregoing, after a Change in Control that occurs while the Participant is employed by the Company as its chief executive officer, the Company: (a) will continue to credit the Participant's SERP Account with uncredited Annual Credits in accordance with Schedule A if the Participant is employed as of the last day of each relevant Plan Year by the Company or its Affiliates, and (b) will credit the Participant’s SERP Account with all of the uncredited (as of a Separation from Service described below) Annual Credits that are set forth in Schedule A if the Participant incurs (after such Change in Control) either: (i) an involuntary Separation from Service without Cause, or (ii) a voluntary Separation from Service with Good Reason.
Annual Credit. A permanent full-time employee will be credited with management leave of up to forty-eight (48) hours per calendar year as per Section 8.2. Thereafter, forty-eight (48) hours per calendar year credited on the first day of the calendar year for every year thereafter.
Annual Credit. An employee who has completed thirteen (13) pay periods of County service shall be credited with personal leave hours based on the percentage of time of the position allocation up to a maximum of thirty
Annual Credit. Sick and emergency leave shall be credited annually to each employee as follows:
Annual Credit. APG will repay the Payment by applying a credit to current and future commercial and samples Product orders and any future development work for Connetics at the rate of [*] (the "Annual Credit"), subject to acceleration as provided for in this Agreement. The Annual Credit will be applied each year as a [*] of Product orders and/or development work. The first Annual Credit, unless otherwise accelerated, shall be applied to all then-open and future Product orders and/or development work starting on the date that APG gets loan funding on the New Loan. All subsequent Annual Credits, unless otherwise accelerated, shall be applied to all open and future Product orders and/or development work each year starting on the anniversary date of this Agreement until fully credited to Connetics.
Annual Credit. (a) In accordance with and pursuant to Section 12-44-70 of the Act and Section 4-1- 175 of the MCIP Law, in order to reimburse the Company and the Sponsor Affiliate for qualifying capital expenditures incurred for costs of the Infrastructure Improvements, the Company and the Sponsor Affiliate shall be entitled to receive, and the County agrees to provide, total Annual Credits against the Payments-in-Lieu-of-Taxes due hereunder in the amounts provided for in Section 5.4(d) of this Agreement (“Annual Credits”).
Annual Credit. Sick and emergency leave shall be credited annually to each unit member as follows:
Annual Credit. For employees hired prior to April 1, 1998, sick leave (short term) shall be given as an annual (April 1 ñ March 31) credit of fifteen (15) days, and unused days shall be accumulated from year to year. For employees hired after April 1, 1998, sick leave (short term) shall be given as an annual (April 1 ñ March 31) credit of fifteen (15) days and unused days shall be accumulated from year to year to a maximum of thirty (30) days.
Annual Credit. Sick leave (short term) shall be given as an annual (April 1-March 31) credit of twelve (12) days. Unused days to a maximum of two (2) days may be carried over from year to year to a maximum of 14 sick days in any given year.
