Common use of Annual Leave Conversion Clause in Contracts

Annual Leave Conversion. Once in each payroll year, an employee may convert unused annual leave as a contribution to the Employer’s deferred compensation plan. Conversions must not cause an employee’s balance to go below 80 hours at the time of actual conversion. Requests for conversions must be submitted in writing on forms as designated by the Employer. Contributions to deferred compensation made under this provision are subject to all rules and regulations of the deferred compensation plans.

Annual Leave Conversion. ‌ Once in each payroll year, an employee may convert unused annual leave as a contribution to the Employer’s deferred compensation plan. Conversions must not cause an employee’s balance to go below 80 hours at the time of actual conversion. Requests for conversions must be submitted in writing on forms as designated by the Employer. Contributions to deferred compensation made under this provision are subject to all rules and regulations of the deferred compensation plans.

Annual Leave Conversion. ‌ Once in each payroll year, an employee employees may convert unused accumulated annual leave as to a contribution to the Employer’s deferred compensation plan. Conversions must not cause an employee’s balance to go below 80 , provided the employee retains at least forty (40) hours at the time of actual conversionaccumulated annual leave. Requests for conversions conversion must be submitted in writing on forms as designated by to the EmployerDirector of Human Resources or designee. Contributions to deferred compensation made under this provision are subject to all the rules and regulations of the deferred compensation plansplan.