Sick Credit Bank Sample Clauses

Sick Credit Bank i) Sick credit banks accumulated for full-time nurses employed prior to April 1, 1991 in the Weeneebayko Area Health Authority bargaining unit, shall be continued and shall contain the unused sick leave days to the credit of the nurse;
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Sick Credit Bank. The provisions for payout of sick leave credits for full-time nurses employed prior to April 1, 1991 in the Weeneebayko Area Health Authority bargaining unit are as follows: Upon termination of employment, 50% of sick leave credits accumulated will be paid at the nurse’s regular rate of pay to a maximum of 60 days subject to the following conditions:
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Sick Credit Bank. (a) Sick leave is the granting of time off with pay for absences from regularly scheduled hours due to legitimate illness. Each full-time employee in the active employ of the Employer who has completed the probationary period shall receive a credit of ten (10) non-cumulative sick day credits on 1 January of each year. Such sick leave days are to be used for casual absences due to sickness or for the elimination period for Short Term Disability benefits. Employees, upon completing their probationary period, will have the ten days reduced by pro-rating and rounding to the nearest full day for the remaining balance of the year. For example, if the probationary period is completed on July 31st, sick leave entitlement for the balance of the year would be 5/12 of 10 or 4 days. Employees will be allowed to use part or all of their sick day credits in order to engage in personal preventative medical health and dental care or in cases of immediate family illness or family preventative medical health and dental care. Eligible employees may use up to three (3) of these sick day credits for personal purposes, and such requests will be considered approved except where there is insufficient coverage in the work location.
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Related to Sick Credit Bank

  • 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.

  • Banks The Agent may treat each Bank as a Bank, entitled to payments under this Agreement and as acting through its Facility Office(s) until it has received notice from the Bank to the contrary by not less than five Business Days prior to the relevant payment.

  • Bank The Buyer (a) is a national bank or banking institution organized under the laws of any State, territory or the District of Columbia, the business of which is substantially confined to banking and is supervised by the State or territorial banking commission or similar official or is a foreign bank or equivalent institution, and (b) has an audited net worth of at least $25,000,000 as demonstrated in its latest annual financial statements, a copy of which is attached hereto.

  • Sick Bank The purpose of the Sick Bank (hereinafter referred to as the Bank) is to provide sick leave to contributors to the Bank after their accumulated leave has been exhausted and, more specifically, to provide such leave from the Bank in cases of prolonged illnesses. The Bank rules and guidelines are as follows:

  • Administrative Agent Bank of America, N.A., as the administrative agent under the Credit Agreement

  • Free Credit Balances Your selection of a sweep program above will not be effected until your Account paperwork has been accepted by LPL as being in good order. Until such time, available cash balances (from securities transactions, dividend and interest payments, deposits and other activities) will not be automatically swept and will be held as a free credit balance. A free credit balance is a liability of LPL and payable to the Account on demand. Interest will not be paid to the Account on free credit balances. Unless we hear from you to the contrary, it is our understanding that any free credit balances held in your Account are pending investment. Free credit balances may be used by LPL in the ordinary course of its business subject to the requirements of Rule 15c3-3 under the Securities Exchange Act of 1934. The use of customer free credit balances generally generates revenue for LPL in the forms of interest and income, which LPL retains as additional compensation for its services to its clients. Under these arrangements, LPL will generally earn interest or a return based on short-term market interest rated prevailing at the time. If you are acting on behalf of a Plan, the Responsible Plan Fiduciary agrees that it has independently determined that holding cash balances, pending LPL’s acceptance of the Account, as a free credit balance, which does not earn income for the Plan, is both (i) reasonable and in the best interests of the Plan and (ii) that the Plan receives no less, nor pays no more, than adequate consideration with respect to this arrangement. If the Responsible Plan Fiduciary chooses to avoid holding un-invested cash as a free credit balances, the Plan should not fund the Account until after the Account paperwork has been accepted by LPL as being in good order.

  • Credit Check You are authorized, in your discretion, should you for any reason deem it necessary for your protection to request and obtain a consumer credit report for the Customer.

  • Lender The term “Lender” shall mean the holder of any promissory note or other evidence of indebtedness secured by the Property or any portion thereof.

  • Letters of Credit (a) The Letter of Credit Commitment.

  • Letters of Credit for Payment Bond Notwithstanding the provisions of B4.3, Purchaser may use letters of credit in lieu of a surety bond for payment bond purposes when approved by Contracting Officer.

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