Annual Conversion. In the pay period including December 1, 2019 and for each pay period thereafter for the life of this agreement, which includes December 1st, each employee who has used less than forty (40) hours of sick leave in the previous twenty-six pay periods will be offered the opportunity to convert to cash any of the employee’s accrued, unused vacation leave to a maximum of forty (40) hours at the current rate of pay provided the employee maintains a minimum balance of forty (40) hours of vacation leave or compensatory time after the conversion. In the pay period which includes December 1, 2019, and for each pay period thereafter for the life of this agreement, which includes December 1st, employees will be offered the opportunity to convert to cash a maximum of forty (40) hours of unused vacation leave at a rate of one hundred percent (100%) of the employee’s current rate of pay; provided however, an employee is not eligible to convert unused accrued vacation leave to cash if the employee does not have at least two hundred (200) hours of vacation leave on the last day of the first pay period of November in each year the employee chooses to make such a conversion.
Appears in 3 contracts
Sources: Collective Bargaining Agreement, Collective Bargaining Agreement, Collective Bargaining Agreement
Annual Conversion. In the pay period including December 1, 2019 and for each pay period thereafter for the life of this agreement, which includes December 1st, each employee who has used less than forty (40) hours of sick leave in the previous twenty-six pay periods will be offered the opportunity to convert to cash any of the employee’s accrued, unused vacation leave to a maximum of forty (40) hours at the current rate of pay provided the employee maintains a minimum balance of forty (40) hours of vacation leave or compensatory time after the conversion. In the pay period which includes December 1, 2019, and for each pay period thereafter for the life of this agreement, which includes December 1st, employees will be offered the opportunity to convert to cash a maximum of forty (40) hours of unused vacation leave at a ata rate of one hundred percent (100%) of the employee’s current rate of pay; provided however, an employee is not eligible to convert unused accrued vacation leave to cash if the employee does not have at least two hundred (200) hours of vacation leave on the last day of the first pay period of November in each year the employee chooses to make such a conversion.
Appears in 2 contracts
Sources: Collective Bargaining Agreement, Collective Bargaining Agreement