The cash value is guaranteed to
accrue at a certain rate in a whole life insurance policy as long as the illustrated premium payments are made, but not necessarily with a universal life or variable universal life contract.
Vacation time is typically
accrued at a certain rate during the year so that you earn a fraction of a vacation day for every week you work.
Not exact matches
It provided for an annual salary of $ 65,000; the right to participate in
certain benefit plans and programs; a monthly car allowance of $ 750; paid vacation days,
accrued at a
rate of 6 % of total earnings; use of a company laptop; and reimbursement of up to $ 150 per month for the business use of the employee's personal mobile communication device.
The employment contract not only provided for an annual salary of $ 65,000; the right to participate in
certain benefit plans and programs; a monthly car allowance of $ 750; paid vacation days,
accrued at a
rate of 6 % of total earnings; use of a company laptop; and reimbursement of up to $ 150 per month for the business use of the Respondent's personal mobile communication device.