Common use of Annual Remuneration Clause in Contracts

Annual Remuneration. In January of the year following any calendar year in which a minimum of sixty (60) compensable and non-compensable days of leave is accrued, and each following January, any eligible academic employee upon written request shall receive remuneration for unused compensable leave accumulated in the previous calendar year at a rate equal to one (1) day's current monetary compensation for each four (4) full days of accrued leave in excess of sixty

Appears in 2 contracts

Sources: Collective Bargaining Agreement, Collective Bargaining Agreement