Common use of Employee Option Clause in Contracts

Employee Option. Employees may choose to take a lump sum payment for compensatory time earned and approved within the time limits established by this section. The approved form must be turned into the Business Manager by the last working day of the school year. Payment will be processed within the following pay period. This payment will be at the employee's current rate of pay. The payment will be for all unused compensatory time within the limits specified in Section 41.2. This payment will cancel all earned compensatory time for the previous school year and will be paid only once a year.

Employee Option. Employees may choose to take a lump sum payment for compensatory time earned and approved within the time limits established by this section. The approved form must This payment will be turned into made the Business Manager by first full pay period beginning after the employee's last working day of the school year. Payment will be processed within the following pay period. This payment will be at the employee's current rate of pay. The payment will be for all unused compensatory time within the limits specified in Section 41.2. This payment will cancel all earned compensatory time for the previous school year and will be paid only once a year.Section