Common use of Future Accruals Clause in Contracts

Future Accruals. An employee may elect to convert up to one hundred and forty- two (142) hours of accrued holiday leave into a cash payment, at the base rate of pay in effect at the time of the cash-out.

Appears in 2 contracts

Sources: Memorandum of Understanding (Mou), Memorandum of Understanding

Future Accruals. An employee may elect to convert up to one hundred and forty- two fifty-five (142155) hours of accrued holiday leave into a cash payment, at the base rate of pay in effect at the time of the cash-out. Effective June 18, 2022, an employee may elect to convert up to one hundred and sixty-seven (167) hours of accrued holiday leave into a cash payment, at the base rate of pay in effect at the time of the cash-out.

Appears in 2 contracts

Sources: Memorandum of Understanding, Memorandum of Understanding

Future Accruals. An employee may elect to convert up to one hundred and forty- two sixty-seven (142167) hours of accrued holiday leave into a cash payment, at the base rate of pay in effect at the time of the cash-out.

Appears in 1 contract

Sources: Memorandum of Understanding

Future Accruals. An employee may elect to convert up to one hundred and forty- two fifty-five (142155) hours of accrued holiday leave into a cash payment, at the base rate of pay in effect at the time of the cash-out.

Appears in 1 contract

Sources: Memorandum of Understanding