Common use of Maximum Carry Over Clause in Contracts

Maximum Carry Over. On June 30 of each year employees may carry over up to 64 hours into their next year's PTO bank and up to 64 hours may be elected to be deposited into their HCSP at 100% of the value. Any additional amounts remaining in the employee's PTO bank beyond what is carried over or deposited into the HCSP on June 30 will be lost. Employees may not waive PTO and take pay in lieu of leave.

Appears in 3 contracts

Sources: Collective Bargaining Agreement, Collective Bargaining Agreement, Collective Bargaining Agreement