Common use of Pay Out Compensatory Time Clause in Contracts

Pay Out Compensatory Time. 1. Compensatory Time in Excess of One hundred forty four (144) hours – Transfer to RHSP Unit employees must transfer unused accumulated compensatory time over one hundred forty four (144) hours at the unit employee’s current rate of pay to the unit employee’s RHSP account subject to IRS regulations. The transfer will be made the pay period following the accrual exceeding the maximum hours

Pay Out Compensatory Time. 1. Compensatory Time in Excess of One hundred forty four (144) hours – Transfer to RHSP Unit employees must transfer unused accumulated compensatory time over one hundred forty four (144) hours at the unit employee’s current rate of pay to the unit employee’s RHSP account subject to IRS regulations. The transfer will be made the pay period following the accrual exceeding the maximum hours.

Pay Out Compensatory Time. 1. Compensatory Time in Excess of One hundred forty four (144) hours – Transfer to RHSP Unit employees must transfer unused accumulated compensatory time over one hundred forty four (144) hours at the unit employee’s current rate of pay to the unit employee’s RHSP account subject to IRS regulations. The transfer will be made the pay period following the accrual exceeding the maximum hours. All unit employees with a minimum of 600 hours in their sick leave bank may, on an annual basis, transfer up to 96 hours of sick leave into their comp time bank as outlined in Section VIII of Article Five.