Common use of Crediting Clause in Contracts

Crediting. Annual leave shall be credited at the end of the biweekly work period in which eighty (80) hours of paid service is completed. Annual leave shall be available for use only in biweekly work periods subsequent to the biweekly work period in which it is earned. When paid service does not total eighty (80) hours in a biweekly work period, the employee shall be credited with a prorated amount of leave for that work period based on the number of hours in pay status divided by eighty (80) hours multiplied by the applicable accrual rate. No annual leave shall be authorized, credited or accumulated in excess of the schedule below except that an employee who is suspended or dismissed in accordance with this Agreement and who is subsequently returned to employment with full back benefits by an arbitrator under Article 9, shall be permitted annual leave accumulation in excess of the schedule below. Any excess thereby created shall be liquidated within one (1) year from date of reinstatement by means of paid time off work or forfeited. If the employee separates from employment for any reason during that one year grace period, the employee or beneficiary shall be paid for no more than the maximum as indicated below of unused credited annual leave. No annual leave in excess of 240 hours shall be included in final average compensation for purposes of calculating the level of retirement benefits. Annual Leave Accumulation and Payoff Schedule Accumulation and Payoff Limits Service Credit Maximum Accumulation Hours Maximum Payoff Hours 00 – 01 Years 296 256 01 – 05 Years 296 256 05 – 10 Years 311 271 10 – 15 Years 326 286 15 – 20 Years 341 301 20 – 25 Years 346 306 25 + Years 356 316 E. Transfer and Payoff: Employees who voluntarily transfer from one state department to another shall be paid off at their current base rate of pay for their unused annual leave. However, the employee may elect, in writing, to transfer up to eighty (80) hours of accumulated annual leave. Annual leave in excess of eighty (80) hours, if any, up to the maximum allowed in accordance with Subsection D immediately above, may be transferred with the approval of the Departmental Employer to whose service the employee transfers. Employees who separate shall be paid at their current hourly base rate for the balance of their unused annual leave.

Appears in 5 contracts

Samples: Labor Agreement, Labor Agreement, Labor Agreement

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Crediting. Annual leave shall be credited at the end of the biweekly work period in which eighty (80) hours of paid service is completed. Annual leave shall be available for use only in biweekly work periods subsequent to the biweekly work period in which it is earned. When paid service does not total eighty (80) hours in a biweekly work period, the employee shall be credited with a prorated amount of leave for that work period based on the number of hours in pay status divided by eighty (80) hours multiplied by the applicable accrual rate. No annual leave shall be authorized, credited or accumulated in excess of the schedule below except that an employee who is suspended or dismissed in accordance with this Agreement and who is subsequently returned to employment with full back benefits by an arbitrator under Article 9, shall be permitted annual leave accumulation in excess of the schedule below. Any excess thereby created shall be liquidated within one (1) year from date of reinstatement by means of paid time off work or forfeited. If the employee separates from employment for any reason during that one year grace period, the employee or beneficiary shall be paid for no more than the maximum as indicated below of unused credited annual leave. No annual leave in excess of 240 hours shall be included in final average compensation for purposes of calculating the level of retirement benefits. Annual Leave Accumulation and Payoff Schedule Accumulation and Payoff Limits Service Credit (Maximum Accumulation Hours Hours) Maximum Payoff Hours 00 – 01 Years 296 256 01 – 05 Years 296 256 05 – 10 Years 311 271 10 – 15 Years 326 286 15 – 20 Years 341 301 20 – 25 Years 346 306 25 + Years 356 316 E. Transfer and Payoff: Employees who voluntarily transfer from one state department to another shall be paid off at their current base rate of pay for their unused annual leave. However, the employee may elect, in writing, to transfer up to eighty (80) hours of accumulated annual leave. Annual leave in excess of eighty (80) hours, if any, up to the maximum allowed in accordance with Subsection D immediately above, may be transferred with the approval of the Departmental Employer to whose service the employee transfers. Employees who separate after completion of the initial 720 hours of service shall be paid at their current hourly base rate for the balance of their unused annual leave.

Appears in 1 contract

Samples: www.michigan.gov

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