Common use of Incentive Grants Clause in Contracts

Incentive Grants. Subject to the cap in section 3, to promote economy in the use of sick leave, and also to help insure against the benefit’s abuse, an incentive grant will be made to employees who have accumulated seven hundred-twenty (720) hours of sick leave. Upon such accumulation the employee may exchange up to two hundred forty (240) of those hours in the following manner: For each hour converted, the employee hired before 10/1/95 will receive one-half (1/2) hour’s pay; and the employee hired on or after 10/1/95 will receive one-quarter (1/4) hour’s pay. At an employee’s option, this time may be converted into compensatory time equivalent to the calculated cash payment. In no case will the employee’s accrued sick leave be reduced to below four hundred eighty (480) hours accumulation by the exercise of this provision. Only employees who have accumulated seven hundred twenty (720) hours may request this incentive, and no employee shall be allowed to accumulate more than seven hundred twenty (720) hours.

Incentive Grants. Subject to the cap in section 3, to tTo promote economy in the use of sick leave, and also to help insure against the benefit’s abuse, an incentive grant will be made to employees who have accumulated seven hundred-hundred twenty (720) hours of sick leave. Upon such accumulation accumulation, the employee may exchange up to two hundred forty (240) of those hours in the following manner: For each hour converted, the employee hired before 10/1/95 will receive one-half (1/22) hour’s pay; and the employee hired on or after 10/1/95 will receive one-one- quarter (1/4) hour’s pay. At an employee’s option, this time may be converted into compensatory time equivalent to the calculated cash payment. In no case will the employee’s accrued sick leave be reduced to below four hundred eighty (480) hours accumulation by the exercise of this provision. Only employees who have accumulated seven hundred twenty (720) hours may request this incentive, and no employee shall be allowed to accumulate more than seven hundred twenty (720) hours.

Incentive Grants. Subject to the cap in section 3, to promote economy in the use of sick leave, and also to help insure against the benefit’s abuse, an incentive grant will be made to employees who have accumulated seven hundred-hundred twenty (720) hours of sick leave. Upon such accumulation accumulation, the employee may exchange up to two hundred forty (240) of those hours in the following manner: For each hour converted, the employee hired before 10/1/95 will receive one-half (1/22) hour’s pay; and the employee hired on or after 10/1/95 will receive one-one- quarter (1/4) hour’s pay. At an employee’s option, this time may be converted into compensatory time equivalent to the calculated cash payment. In no case will the employee’s accrued sick leave be reduced to below four hundred eighty (480) hours accumulation by the exercise of this provision. Only employees who have accumulated seven hundred twenty (720) hours may request this incentive, and no employee shall be allowed to accumulate more than seven hundred twenty (720) hours.