Maximum Allowable Accumulation Sample Clauses

Maximum Allowable Accumulation. Effective January 10, 2002:
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Maximum Allowable Accumulation. 1. The balance of an employee’s vacation credits of record (including vacation earned but not credited), hereinafter “accumulation”, shall not exceed an amount equal to twice the annualized current vacation earnings rate of the employee or of the vacation credits designated as the employee’s “High Water Mark”. This is the employee’s “Maximum Balance”.
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Maximum Allowable Accumulation. 1. The balance of an employee’s vacation credits of record (including vacation earned but not credited); hereinafter “
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Maximum Allowable Accumulation. Sick leave may be accumulated without limit.
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Maximum Allowable Accumulation. Effective through January 9, 2002: The balance of an employee’s vacation accumulation on the first day of the seventh payroll period of each fiscal year shall not exceed an amount equal to twice the annualized vacation earnings rate of the employee for the sixth payroll period of said fiscal year. Employees who have vacation accumulations of more than the allowable levels prior to July 2, 1976, shall continue to earn vacation according to paragraph B. Such employees shall be required to take an amount equal to one year’s earnings plus an equal amount of accumulated vacation each year until the employee’s balance falls below the allowable limit. Each appointing authority shall allow each employee the opportunity to take his/her vacation prior to reaching the employee’s accrual limit or before being reduced to the maximum. The appointing authority shall provide notice to the employees of the amount of vacation required to be used to conform to the maximum allowable accumulation. However, if the needs of the service prevent an appointing authority from providing the employee with the opportunity to take the vacation credit required to conform to the maximum allowable, the employee shall retain all accumulated vacation credit. For other good cause or extraordinary circumstances, the CAO may, upon request of the appointing authority, certify the retention of all or a portion of vacation credit for a specified period of time. No employee earning 7.692% or less of a working hour of vacation credit for each hour of paid service shall be required to take off more than 240 hours (30 days) of vacation time each fiscal year. Employees earning more than 7.692% of a working hour of vacation credit for each hour of paid service shall not be required to take vacation credit of more than 280 hours (35 days) of vacation time each fiscal year.
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Maximum Allowable Accumulation. The effective date of Section 2.D. will be January 3, 1997.
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Maximum Allowable Accumulation. 1. An employee with less than fifteen (15) years of County Service vacation credits of record (including vacation earned but not credited), hereinafter “accumulation”, shall not exceed an amount equal to two and one-half times the annualized current vacation earnings rate of the employee or of the vacation credits designated as the employee’s “High Water Mark”. This is the employee’s “Maximum Balance”. An employee with 15 years or more of County Service may accumulate three times the annualized current vacation earnings rate of the employee or of the vacation credit designated as the employee’s “High Water Mark”. This is the employee’s “Maximum Balance”.
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Related to Maximum Allowable Accumulation

  • Maximum Accumulation Maximum accumulation amounts apply only to the amount of annual leave that may be carried over from one leave year to the next, and do not limit accumulated leave balances during the leave year.

  • Maximum Contribution The total amount you may contribute to an IRA for any taxable year cannot exceed the lesser of 100 percent of your compensation or $6,000 for 2019 and 2020, with possible cost- of-living adjustments each year thereafter. If you also maintain a Xxxx XXX (i.e., an IRA subject to the limits of Internal Revenue Code Section (IRC Sec.) 408A), the maximum contribution to your Traditional IRAs is reduced by any contributions you make to your Xxxx IRAs. Your total annual contribution to all Traditional IRAs and Xxxx IRAs cannot exceed the lesser of the dollar amounts described above or 100 percent of your compensation.

  • MINIMUM ALLOWANCE An employee who is required by his/her Agency/Department Head to use his/her private automobile at least eight days in any month on County business shall not receive less than $10 in that month for the use of his/her automobile.

  • 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 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.

  • 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. Annual Rate of Vacation Accumulation Maximum 80 hours 320 hours 120 hours 480 hours 160 hours 640 hours 180 hours 720 hours 200 hours 800 hours 240 hours 960 hours

  • How are Required Minimum Distributions Computed A required minimum distribution (“RMD”) is determined by dividing the account balance (as of the prior calendar year end) by the distribution period. For lifetime RMDs, there is a uniform distribution period for almost all IRA owners of the same age. The uniform distribution period table is based on the joint life and last survivor expectancy of an individual and a hypothetical beneficiary 10 years younger. However, if the IRA owner’s sole beneficiary is his/her spouse and the spouse is more than 10 years younger than the account owner, then a longer distribution period based upon the joint life and last survivor life expectancy of the IRA owner and spouse will apply. An IRA owner may, however, elect to take more than his/her RMD at any time.

  • Reallocation to a Class with a Higher Salary Range Maximum Upon appointment to the higher class, the employee’s base salary will be increased to a step of the range for the new class that is nearest to five percent (5.0%) higher than the amount of the pre-promotional step, or to the entry step of the new range, whichever is higher.

  • Premium Contributions i. Effective March 1, 2014, the Company and employees will contribute toward the premium costs of the NECA Health Plan for eligible Regular employees in accordance with this Section.

  • Reallocation to a Class with an Equal Salary Range Maximum 1. If the employee meets the skills and abilities requirements of the position, the employee remains in the position and retains existing appointment status.

  • Minimum Balance Merchant agrees to maintain a minimum balance of funds in the Settlement Account as Bank may specify to Merchant in writing from time to time.

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