Conversion of Unused Paid Time Off Days Sample Clauses

Conversion of Unused Paid Time Off Days. During Open Enrollment, employees may elect to deposit up to forty-eight
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Conversion of Unused Paid Time Off Days. At the end of each 12 month period on Paid Time Off, up to 48 hours (prorated for part-time employees) of “Hours At Risk” will be automatically deposited in the Extended Illness Bank (EIB) account at 100% value. Employees who have less than 48 hours “Hours At Risk” at their vacation anniversary date may elect to convert up to a total of 48 hours from the current year’s accrual to their EIB account. In order to exercise this election, eligible employees must notify Human Resources within 60 days of their anniversary date of their election to convert current year’s accrual to EIB. The EIB hours will accumulate year-to-year to a maximum of 1000 hours. Exceptions to adjust anniversary dates on vacation carryover limitation. Employees may request an adjustment to the PTO anniversary date of up to 90 calendar days (before or after the current date) under the following rules:
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Conversion of Unused Paid Time Off Days. During Open Enrollment, employees may elect to deposit up to forty-eight (48) hours (pro-rated for part-time employees) into their EIB account at one hundred percent (100%) value. The minimum transfer to EIB is one (1) hour. PTO account balances may not go under eighty (80) hours. Effective January 1, 2017, the maximum accumulation to the EIB bank shall be five hundred (500) hours. PTO time must be scheduled in accordance with the Letter of Agreement referenced in Article 12. Employees may only request time off for which they will have enough accrued PTO to cover.
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Related to Conversion of Unused Paid Time Off Days

  • Holiday Falling on a Scheduled Workday An employee who works on a designated holiday which is a scheduled workday shall be compensated at the rate of double-time for hours worked, plus a day off in lieu of the holiday; except for Christmas and New Year's when the compensation shall be at the rate of double-time and one-half for hours worked, plus a day off in lieu of the holiday.

  • Conversion of Sick Leave 30 A. Based upon accrual as of July 1 each fiscal year, employees shall be allowed 31 to convert sick leave in accordance with the following schedule:

  • Computation of Period of Days, Deadline In computing a period of days, when the ending date is not 54 specified, the first day is excluded and the last day is included, e.g., three days after MEC. If any deadline falls on a Saturday, 55 Sunday or federal or Colorado state holiday (Holiday), such deadline Will Will Not be extended to the next day that is not

  • Sick Leave Conversion On January 1 of each year, an employee may convert up to a maximum of 30 hours accumulated sick leave at fifty percent (50%) cash value for the sole purpose of reimbursing the employee for medical costs. This conversion is subject to the following:

  • Vacation Leave Accrual Rate Schedule Full Years of Service Hours Per Year During the first year of current continuous employment Ninety-six (96) During the second year of current continuous employment One hundred four (104) During the third and fourth years of current continuous employment One hundred twelve (112) During the fifth, sixth, and seventh years of total employment One hundred twenty (120) During the eighth, ninth, and tenth years of total employment One hundred twenty-eight (128) During the eleventh year of total employment One hundred thirty-six (136) During the twelfth year of total employment One hundred forty-four (144) During the thirteenth year of total employment One hundred fifty-two (152) During the fourteenth year of total employment One hundred sixty (160) During the fifteenth year of total employment One hundred sixty-eight (168) During the sixteenth year of total employment and thereafter One hundred seventy-six (176)

  • Holiday Falling on a Scheduled Workday‌ A team member who works on a designated holiday which is a scheduled workday shall be compensated at the rate of double-time for hours worked, plus a day off in lieu of the holiday; except for Christmas and New Year's when the compensation shall be at the rate of double-time and one-half for hours worked, plus a day off in lieu of the holiday. The scheduling of the lieu day shall be in accordance with Appendix 4.

  • Unused Sick Leave The accrual of unused sick leave hours is unlimited. The City and the Union commit to the evaluation and establishment of a mutually beneficial non-use of sick leave incentive and pay-out policy. Until such time that a policy is established, accumulated sick leave shall be compensated as follows: Upon retirement from the City service, an employee shall be paid sixty percent (60%) of his accumulated sick leave, with the rate of payment based upon his regular pay at the time he retires. Upon the death of an employee, his beneficiary shall be paid sixty percent (60%) of his accumulated unused sick leave, with the payment based upon his regular pay at the date of his death.

  • Pay for Unused Sick Leave Unused sick leave not to exceed 70 days will be paid at the rate of $50 per day when the teacher retires or leaves U.S.D. 506 employment, provided the teacher has a minimum of 10 years of service in U.S.D. 506. Article VI: Activity Ticket Each teacher of U.S.D. 506 shall be issued an activity ticket, which shall be honored at all regular school functions held within the district. Said ticket shall not be honored at basketball tournaments and special events. Said ticket shall be honored for employee, spouse, and children who have not yet graduated from high school. The Board of Education will have an expectation that those teachers in attendance at school functions will assume a reasonable amount of general supervision as needed.

  • Accrual Rate of Sick Leave With Pay Credits Full-time employees shall accrue eight (8) hours of sick leave with pay credits for each full month worked. Employees who work less than the full month but at least thirty-two (32) hours during the month shall accrue sick leave with pay on a pro rata basis for the month.

  • Compensation for Holidays Falling on Scheduled Days Off 1. When a holiday falls on a full-time employee's regularly scheduled day off, the employee shall receive eight (8) hours of compensatory time.

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