Flexible Leave Hours Clause Samples
Flexible Leave Hours. The City shall credit each employee with a block of paid leave hours each fiscal year of this Agreement. These hours shall be labeled Flexible Leave. Each employee may use these leave hours subject to the conditions for use of vacation or sell-back the Flexible Leave hours during the fiscal year. Each employee will receive the Flexible Leave hours for that fiscal year on July 1st of each year. Each employee has the option of using such hours as leave in the same manner as vacation leave, or periodically selling the hours. A code will be set up for each option and employees can note the use of or selling of such hours on each time card throughout the fiscal year. Employees must use the current fiscal year hours by June 15th of each year and cannot be carried over to a new fiscal year. If an employee terminates before June 30th of any fiscal year, the employee is only eligible for a proration of hours for the period of July 1st to the date of termination and hours used in excess of the prorated amount will be deducted accordingly from the employee’s final pay.
Flexible Leave Hours. The City shall credit each employee with a block of paid leave hours each fiscal year of this Agreement. These hours shall be labeled Flexible Leave. Each employee may use these leave hours subject to the conditions for use of vacation or sell-back the Flexible Leave hours during the fiscal year. Each employee will receive the Flexible Leave hours for that fiscal year on July 1st of each year. Each employee has the option of using such hours as leave in the same manner as vacation leave, or periodically selling the hours. A code will be set up for each option and employees can note the use of or selling of such hours on each time card throughout the fiscal year. Employees must use the current fiscal year hours by June 15th of each year and cannot be carried over to a new fiscal year. If an employee terminates before June 30th of any fiscal year, the employee is only eligible for a proration of hours for the period of July 1st to the date of termination and hours used in excess of the prorated amount will be deducted accordingly from the employee’s final pay. Amount: During fiscal year 2012-2013, each employee shall receive 44 hours of Flexible Leave during the pay period beginning July 1, 2012. During fiscal year 2013-2014, each employee shall receive 88 hours of Flexible Leave during the pay period beginning July 1, 2013. During fiscal year 2014-2015, each employee hired on or before December 16, 2010 and under the first tier CalPERS retirement formula (2.5% at 55) shall receive 132 hours of Flexible Leave. Each employee hired after December 16, 2010 and under the second tier CalPERS retirement formula (2% at 55) shall receive 122 hours of Flexible Leave. The parties acknowledge that the block of paid leave hours labeled Flexible Leave that is credited to each full-time, regular employee at the beginning of each fiscal year of this Agreement ends when this Agreement expires on June 30, 2015. The City and/or Unit may propose to extend, cancel, enhance, reduce or otherwise change this provision during any such future negotiation. Sell-Back: An employee may sell-back some or all of the employee’s accrued Flexible Leave balance with any pay period during the fiscal year, so long as it does not generate a separate paycheck. If a separate paycheck is desired, the leave hours will be paid on a separate paycheck on June 30th and/or December 15th of each contract year. Flexible Leave sell-back is independent of and not subject to the limitations described in Secti...