Length of State Service Accrual Rate Sample Clauses

Length of State Service Accrual Rate. Per Pay Period Per Year Less than 1 year 3.1 hours 80 hours upon completion of one year of service 1 year or more 3.1 hours 80 hours 5 years or more 4.6 hours 120 hours 10 years or mo re 6.2 hours 160 hours 15 years or more 6.9 hours 180 hours 20 years or more 7.7 hours 200 hours 25 years or more 9.2 hours 240 hours Effective April 28, 1986, only service with state agencies, i.e. agencies whose employees are paid by the Auditor of State, will be computed for purposes of determining the rate of accrual for new employees in the bargaining unit. Service time for vacation accrual for employees employed on that date will not be modified by the preceding sentence. An employee who has retired in accordance with the provisions of any retirement plan offered by the State and who is employed by the state or any political subdivision of the state on or after March 1, 1994, shall not have his prior service with the State or any political subdivision of the State counted for the purpose of computing vacation leave.
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Length of State Service Accrual Rate. Per Pay Period Per Year Less than 1 year 3.1 hours 80 hours upon completion of one year of service 1 year or more 3.1 hours 80 hours 5 years or more 4.6 hours 120 hours 10 years or more 6.2 hours 160 hours 15 years or more 6.9 hours 180 hours 20 years or more 7.7 hours 200 hours 25 years or more 9.2 hours 240 hours Effective June 12, 1986 only service with state agencies, i.e. agencies whose employees are paid by the Auditor of State, will be computed for purposes of determining the rate of accrual for new employees in the bargaining unit. Service time for vacation accrual for employees employed on that date will not be modified by the preceding sentence. An employee who has retired in accordance with the provisions of any retirement plan offered by the State and who is hired by the State on or after March 1, 1994, shall not have his/her prior service with the State or any political subdivision of the State counted for the purpose of computing vacation leave.
Sample 1Sample 2
Length of State Service Accrual Rate. Per Pay Per Year Period Less than 1 year 3.1 hours 80 hours (upon completion one year of service ) 1 year or more 3.1 hours 80 hours 5 years or more 4.6 hours 120 hours Per Pay Per Year Period 10 years or more 6.2 hours 160 hours 15 years or more 6.9 hours 180 hours Length of State Service Accrual Rate 20 years or more 7.7 hours 200 hours 25 years or more 9.2 hours 240 hours Effective April 28, 1986, only service with state agencies; i.e., agencies whose employees are paid by the Auditor of State, will be computed for purposes of determining the rate of accrual for new employees in the bargaining unit. Service time for vacation accrual for employees employed on that date will not be modified by the preceding sentence. An employee who has retired in accordance with the provisions of any retirement plan offered by the State and who is employed by the state or any political subdivision of the state on or after March 1, 1994, shall not have his prior service with the state or any political subdivision of the state counted for the purpose of computing vacation leave.
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Related to Length of State Service Accrual Rate

  • 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:

  • Rate of Accrual All full-time employees shall be credited with five (5) hours of paid sick leave per pay period.

  • Maximum Vacation Accrual Employees may accrue vacation up to a maximum of two hundred forty (240) hours. An employee who has reached the maximum accrual level may continue to accrue vacation until his or her next anniversary date, at which time any vacation accrued in addition to the two hundred forty (240) hour maximum accrual will be extinguished. With the written approval of the appropriate Vice President, an employee may accrue more than two hundred forty (240) hours of vacation when he or she is precluded from taking a previously scheduled vacation because of University needs. Any such written approval will specify a timeline for the employee to use any excess vacation accrual, after which any excess vacation accrual will be extinguished.

  • Interest Accrual Each Class of Notes will accrue interest on its Note Balance for each Interest Period until the Note Balance has been paid in full at a rate per annum equal to its Note Interest Rate for that Interest Period. Interest on the Class A-1 and Class A-2b Notes will be calculated for each Interest Period on the basis of the actual number of days in the Interest Period and a 360-day year. Interest on the Notes (other than the Class A-1 and Class A-2b Notes) for each Interest Period will be calculated on the basis of a 360-day year consisting of twelve 30-day months. Interest on each Note for each Interest Period will be due and payable on the related Payment Date.

  • Determination of Rate of Interest and calculation of Interest Amounts The Agent will at or as soon as practicable after each time at which the Rate of Interest is to be determined, determine the Rate of Interest for the relevant Interest Period. The Agent will calculate the amount of interest (the Interest Amount) payable on the Floating Rate Notes for the relevant Interest Period by applying the Rate of Interest to:

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