Common use of Holiday/Compensatory Time Clause in Contracts

Holiday/Compensatory Time. An individual earns Holiday Compensatory Time when his/her regular day off falls on a holiday. Holiday Compensatory Time is recorded in the Accounting Office. Holiday Compensatory Time is earned at the rate of straight time and the time off is given at the rate of straight time. Employees may accumulate a maximum of what can be earned in a one-year period (currently 104 hours). Those employees that have the maximum accrual of 104 hours in holiday comp will be automatically paid for any additional hours earned in excess of the maximum. If an employee terminates employment with the District before having used up his/her Holiday Compensatory Time, he/she shall be paid for it. Employees may cash-out Holiday Compensation at the time of separation or retirement but may not cash-out Holiday Compensation prior to separation or retirement.

Holiday/Compensatory Time. An individual earns Holiday Compensatory Time when his/her regular day off falls on a holiday. Holiday Compensatory Time is recorded in the Accounting Office. Holiday Compensatory Time is earned at the rate of straight time and the time off is given at the rate of straight time. Employees may accumulate a maximum of what can be earned in a one-year period (currently 104 hours). Those employees that have the maximum accrual of 104 hours in holiday comp will be automatically paid for any additional hours earned in excess of the maximum. If an employee a person terminates employment with the District before having used up his/her Holiday Compensatory Time, he/she shall be paid for it. Employees Effective on or after January 1, 2013, employees may cash-out Holiday Compensation at the time of separation or retirement but may not cash-out Holiday Compensation prior to separation or retirement.