Computation of Credit Sample Clauses

Computation of Credit. The Company agrees to pay 2% of all supplemental earnings (overtime pay and shift differential) for each week of vacation credits earned at the end of the vacation year on the employee's vacation anniversary date. This pay is to be reflected in a pay period the month following the employee's vacation anniversary date. The Company agrees to pay earned vacation credit computed at the rate of 2% of base earnings for each week of vacation credits or forty (40) hours at the current rate whichever is greater. The 2% of base earnings for each week of vacation credits is to be calculated as of the employee's vacation anniversary date and this will determine the employee's basic vacation pay. However, should an employee receive an increase in pay between this time and the time vacation is actually taken a new calculation will be computed to determine if his/her then current rate of pay is greater than that calculated on the employee's vacation anniversary date and if so, he/she is to receive the vacation pay at the new rate.
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Computation of Credit. All earned time off must be approved in advance by one’s 16 supervisor excluding illnesses. The amount of earned time off depends on the amount of continuous 17 service and hire date. Years of service for Boeing employees hired on or before the Effective Date shall 18 apply. Earned time off will be accrued per pay period. 19 20 Complete Years Earned Time Earned Time 21 of Service Off Days Off Hours 23 5 - 9 18 144 24 10 - 11 21 168 25 12 - 13 22 176 26 14 - 15 23 184 27 16 - 17 24 192 28 18 + 25 200 30 Shift differential and work schedule premium pay will be paid where applicable in addition to Base 31 Rate.
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Computation of Credit. After establishment of initial eligibility for sick leave, no additional sick leave credit will be accumulated during periods on layoff, or for absence in excess of the first thirty (30) calendar days of the leave of absence period. Such absence during a year will reduce the sick leave credit granted at the beginning of the next year. The reduction will be in proportion of 1/365th of forty (40) hours for each calendar day of absence, rounded to the next 1/10th hour.
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Computation of Credit. The credit to which an employee shall be entitled on his first eligibility date, and at any time thereafter, shall be computed in accordance with the following rules:
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Computation of Credit. All earned time off must be approved in advance by one’s 5 supervisor excluding illnesses. The amount of earned time off depends on the amount of continuous 6 service and hire date. Years of service for Boeing employees hired on or before the Effective Date shall 7 apply. Earned time off will be accrued per pay period.
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Computation of Credit. A. All current vacation and sick leave balances shall be converted to earned time off (“ETO”) balances and the provisions of this Article 11 will be implemented as soon as administratively practicable following the effective date of this agreement.
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Computation of Credit. All earned time off must be approved in advance by one’s supervisor excluding illnesses. The amount of earned time off depends on the amount of continuous service and hire date. Years of service for Boeing employees hired on or before the Effective Date shall apply. Earned time off will be accrued per pay period. Complete Years of Service Earned Time Off Days Earned Time Off Hours 0 ‐ 4 16 128 5 ‐ 9 18 144 10 ‐ 11 21 168 12 ‐ 13 22 176 14 ‐ 15 23 184 16 ‐ 17 24 192 18 + 25 200 New hires will be advanced sixty‐four (64) hours of ETO and any ETO accrued during the first twenty‐six
Sample 1
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Computation of Credit. The credit to which an employee shall be entitled on the vacation award date, shall be computed in accordance with the following rules:
Sample 1
Computation of Credit. All earned time off must be approved in advance by one’s supervisor excluding illnesses. The amount of earned time off depends on the amount of continuous service and hire date. Years of service for Boeing employees hired on or before the Effective Date shall apply. Earned time off will be accrued per pay period. Complete Years of Service Earned Time Off Days Earned Time Off Hours 5 - 9 18 144 10 - 11 21 168 12 - 13 22 176 14 - 15 23 184 16 - 17 24 192 18 + 25 200 New hires will be advanced sixty-four (64) hours of ETO and any ETO accrued during the first twenty-six (26) w eeks of employment will be used to repay the advanced ETO. If a new employee’s employment ends before the completion of twenty-six (26) weeks of employment, the employee must repay any ETO used but not earned prior to the termination. Shift differential and work schedule premium pay will be paid where applicable in addition to Base Rate.
Sample 1

Related to Computation of Credit

  • Advance of Credits 33.3.1 When an employee has insufficient credits to cover the granting of sick leave with pay under the provisions of clause 33.2, sick leave with pay may, at the discretion of the Council, be granted

  • Transcription of Credit For dual credit courses, high school as well as college credit should be transcripted immediately upon a student's completion of the performance required in the course. [TAC 19, Part 1, Chapter 4, Subchapter D, §4.85 (h)]

  • Transfer of Credit A minimum of 64 credit hours must be completed at four-­‐year institutions with completion of the final 30 hours of credit at Avila. Transfer students with an Associate of Arts -­‐ Graphic Arts from MCC will have junior standing at Avila.

  • Borrowing Upon receipt of Proper Instructions, the Custodian shall deliver securities of a Portfolio to lenders or their agents, or otherwise establish a segregated account as agreed to by the applicable Fund on behalf of such Portfolio and the Custodian, as collateral for borrowings effected by such Portfolio, provided that such borrowed money is payable by the lender (a) to or upon the Custodian's order, as Custodian for such Portfolio, and (b) concurrently with delivery of such securities.

  • Term Loan The Borrower may, upon notice from the Borrower to the Administrative Agent, at any time or from time to time voluntarily prepay the Term Loan in whole or in part together with the applicable Prepayment Premium; provided that (A) such notice must be received by the Administrative Agent not later than 11:00 a.m. (1) three Business Days prior to any date of prepayment of LIBOR Rate Loans and (2) on the date of prepayment of Base Rate Loans; (B) any such prepayment of LIBOR Rate Loans shall be in a principal amount of $500,000 or a whole multiple of $100,000 in excess thereof (or, if less, the entire principal amount thereof then outstanding); (C) any prepayment of Base Rate Loans shall be in a principal amount of $500,000 or a whole multiple of $100,000 in excess thereof (or, if less, the entire principal amount thereof then outstanding); and (D) any prepayment of the Term Loan shall be applied in the inverse order of maturity with respect to the remaining amortization payments. Each such notice shall specify the date and amount of such prepayment and the Type(s) of Loans to be prepaid. The Administrative Agent will promptly notify each Lender of its receipt of each such notice, and of the amount of such Lender’s Applicable Percentage of such prepayment. If such notice is given by the Borrower, the Borrower shall make such prepayment and the payment amount specified in such notice shall be due and payable on the date specified therein. Any prepayment of a LIBOR Rate Loan shall be accompanied by all accrued interest on the amount prepaid, together with any additional amounts required pursuant to Section 3.05. On the date of any voluntary prepayment of any Term Loan pursuant to this Section 2.05(a)(ii), the Borrower shall pay to the Administrative Agent, for the benefit of the Lenders, whether before or after an Event of Default, the applicable Prepayment Premium. Subject to Section 2.15, each such prepayment shall be applied to the Loans of the Lenders in accordance with their respective Applicable Percentages.

  • Transfer of Credits A. The receiving institution will accept 60 credits from the sending program. A total of 62 credits remain to complete the receiving program.

  • Funding of Borrowings (a) Each Lender shall make each Loan to be made by it hereunder on the proposed date thereof by wire transfer of immediately available funds by 12:00 noon, New York City time, to the account of the Administrative Agent most recently designated by it for such purpose by notice to the Lenders. The Administrative Agent will make such Loans available to the Borrower by promptly crediting the amounts so received, in like funds, to an account of the Borrower maintained with the Administrative Agent in New York City and designated by the Borrower in the applicable Borrowing Request.

  • Revolving Loans The Borrower shall repay to the Lenders on the Maturity Date the aggregate principal amount of all Revolving Loans outstanding on such date.

  • Letter of Credit Fees The Borrower shall pay to the Administrative Agent for the account of each Revolving Credit Lender in accordance, subject to Section 2.16 with its Applicable Revolving Credit Percentage a Letter of Credit fee (the “Letter of Credit Fee”) for each Letter of Credit equal to the Applicable Rate times the daily amount available to be drawn under such Letter of Credit. For purposes of computing the daily amount available to be drawn under any Letter of Credit, the amount of such Letter of Credit shall be determined in accordance with Section 1.06. Letter of Credit Fees shall be (i) due and payable on the first Business Day after the end of each March, June, September and December, commencing with the first such date to occur after the issuance of such Letter of Credit, on the Letter of Credit Expiration Date and thereafter on demand and (ii) computed on a quarterly basis in arrears. If there is any change in the Applicable Rate during any quarter, the daily amount available to be drawn under each Letter of Credit shall be computed and multiplied by the Applicable Rate separately for each period during such quarter that such Applicable Rate was in effect. Notwithstanding anything to the contrary contained herein, upon the request of the Required Revolving Lenders, while any Event of Default exists, all past due Letter of Credit Fees shall accrue at the Default Rate.

  • Line of Credit Subject to the terms and conditions of this Agreement, Bank hereby agrees to make advances to Borrower from time to time up to and including April 2, 2015, not to exceed at any time the aggregate principal amount of One Million Five Hundred Thousand Dollars ($1,500,000.00) (“Line of Credit”), the proceeds of which shall be used to finance Borrower’s working capital requirements. Borrower’s obligation to repay advances under the Line of Credit shall be evidenced by a promissory note dated as of May 1, 2012 (“Line of Credit Note”), all terms of which are incorporated herein by this reference.

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