Common use of Vacation Conversion Clause in Contracts

Vacation Conversion. 1. Employees working an112-hour per pay period schedule are eligible to submit an irrevocable request to elect to convert up to 112 hours of accrued vacation hours for the following calendar year to be deposited into the employee’s individual post-retirement healthcare trust account. Employees working an 80-hour pay period schedule are also eligible to submit an irrevocable request to elect to convert up to 80 hours of accrued vacation hours for the following calendar year to be deposited into the employee’s individual post-retirement healthcare trust account. There shall be no cash option available to the employee for the conversion of unused accrued vacation hours. 2. All employees wishing to convert accrued vacation to fund their post-retirement healthcare trust in the year following the election will complete a form between November 10 and December 10 of each year. Elections will not carry over from one calendar year to the next calendar year. 3. Only vacation hours accrued during the calendar year following the election may be converted. Employees accruing less than the election amount may convert no more than their total vacation accrual in the following calendar year. 4. The employee’s accrued vacation to convert to the healthcare trust will be credited first to the trust account with the employee’s earned vacation leave until the employee’s full election amount is reached. The vacation hours designated to the trust account will not be credited toward the employee’s maximum vacation accrual. During this period of time, no earned vacation leave will be credited to the employee’s vacation time off balance. 5. Conversion of vacation hours elected for the trust will be in the last paycheck in December unless the employee has accrued all the elected vacation hours by June 30, in which case conversion of the elected vacation hours may occur in July at the employee’s request. All vacation hours will be converted in the calendar year in which the vacation hours accrue. If the employee does not accrue all requested vacation hours in the calendar year, the vacation conversion amount will be reduced to the total number of vacation hours the employee actually accrues in the calendar year and the conversion will be made no later than the last pay date in the calendar year. The vacation conversion amount will be based on the employee’s rate of pay at the time of the conversion. 6. An employee who does not elect to designate vacation hours to convert by December 10 waives their right to do so and will not be allowed to elect to convert vacation accruing in the following year. Mandatory conversion of vacation accrued over the designated accrual amount under Article 11B shall still occur.

Appears in 1 contract

Sources: Side Letter Agreement

Vacation Conversion. 1. Employees working an112-hour per pay No later than December 10, 2019, employees will be provided an option to convert accrued and unused vacation to cash in an amount of up to 160 hours. All accrued and unused vacation earned up through the last full period schedule are in December 2019, that is not requested to be cashed out by December 10, 2019 is no longer eligible to submit an irrevocable request be converted to elect to convert up to 112 hours cash, except upon separation of accrued vacation hours for employment with the following calendar year to be deposited into the employee’s individual post-retirement healthcare trust accountcity. 2. Employees working an 80-hour pay period schedule are also eligible to submit an irrevocable request to elect to convert cash out up to 80 160 hours of accrued vacation hours for the following calendar year to be deposited into the employee’s individual post-retirement healthcare trust account. There shall be no cash option available to the employee for the conversion of unused accrued vacation hoursyear. 23. All employees wishing to convert accrued vacation to fund their post-retirement healthcare trust cash in the year following the election will complete a form between November 10 and December 10 of each year. Elections will not carry over from one calendar year to the next calendar year. 34. Only vacation hours accrued during the calendar year following the election may be convertedcashed out. Employees accruing less than the election amount may convert cash out no more than their total vacation accrual in the following calendar year. 45. The employee’s 's accrued vacation to convert to the healthcare trust cash will be credited first to the trust cash out account with the employee’s 's earned vacation leave until the employee’s 's full election amount is reached. The vacation hours designated to the trust cash out account will not be credited toward the employee’s 's maximum vacation accrual. During this period of time, no earned vacation leave will be credited to the employee’s 's vacation time off balance. 56. Conversion Payment of vacation hours elected for the trust cash out will be in the last paycheck in December unless the employee has accrued all the elected vacation hours by June 30, in which case conversion payment of the all the elected vacation hours may occur be cashed out in July at the employee’s 's request. All vacation hours will be converted paid in the calendar year in which the vacation hours accrue. If the employee does not accrue all requested vacation hours in the calendar year, the vacation conversion payment amount will be reduced to the total number of vacation hours the employee actually accrues in the calendar year and the conversion payout will be made no later than the last pay date in the calendar year. 7. The vacation conversion payment amount will be based on the employee’s 's rate of pay at the time of the conversionpayout. The vacation payment amount is taxable income, subject to all applicable withholding amounts and payroll deductions. 68. An employee who does not elect to designate cash out vacation hours to convert by December 10 waives their right to do so and will not be allowed to elect to convert cash out any vacation accruing in the following year. Mandatory conversion of vacation accrued over the designated accrual amount under Article 11B shall still occur.

Appears in 1 contract

Sources: Memorandum of Understanding

Vacation Conversion. 1. Employees working an112-hour per pay No later than December 10, 2019, employees will be provided an option to convert accrued and unused vacation to cash in an amount of up to 160 hours. All accrued and unused vacation earned up through the last full period schedule are in December 2019, that is not requested to be cashed out by December 10, 2019 is no longer eligible to submit an irrevocable request be converted to elect to convert up to 112 hours cash, except upon separation of accrued vacation hours for employment with the following calendar year to be deposited into the employee’s individual post-retirement healthcare trust accountcity. 2. Employees working an 80-hour pay period schedule are also eligible to submit an irrevocable request to elect to convert cash out up to 80 160 hours of accrued vacation hours for the following calendar year to be deposited into the employee’s individual post-retirement healthcare trust account. There shall be no cash option available to the employee for the conversion of unused accrued vacation hoursyear. 23. All employees wishing to convert accrued vacation to fund their post-retirement healthcare trust cash in the year following the election will complete a form between November 10 and December 10 of each year. Elections will not carry over from one calendar year to the next calendar year. 34. Only vacation hours accrued during the calendar year following the election may be convertedcashed out. Employees accruing less than the election amount may convert cash out no more than their total vacation accrual in the following calendar year. 45. The employee’s 's accrued vacation to convert to the healthcare trust cash will be credited first to the trust cash out account with the employee’s 's earned vacation leave until the employee’s 's full election amount is reached. The vacation hours designated to the trust cash out account will not be credited toward the employee’s 's maximum vacation accrual. During this period of time, no earned vacation leave will be credited to the employee’s 's vacation time off balance. 56. Conversion Payment of vacation hours elected for the trust cash out will be in the last paycheck in December unless the employee has accrued all the elected vacation hours by June 30, in which case conversion payment of the all the elected vacation hours may occur be cashed out in July at the employee’s 's request. All vacation hours will be converted paid in the calendar year in which the vacation hours accrue. If the employee does not accrue all requested vacation hours in the calendar year, the vacation conversion payment amount will be reduced to the total number of vacation hours the employee actually accrues in the calendar year and the conversion payout will be made no later than the last pay date in the calendar year. 7. The vacation conversion payment amount will be based on the employee’s 's rate of pay at the time of the conversionpayout. The vacation payment amount is taxable income, subject to all applicable withholding amounts and payroll deductions. 68. An employee who does not elect to designate cash out vacation hours to convert by December 10 waives their right to do so and will not be allowed to elect to convert cash out any vacation accruing in the following year. 9. Mandatory conversion The parties agree to discuss any CPOA concerns regarding vacation request denials as a standing agenda item at labor-management committee meetings. The CPOA agrees to discuss any issues regarding vacation scheduling with Police Department Management and attempt to resolve them. If the CPOA and Police Department Management are unable to resolve issues related to vacation scheduling after good faith efforts have been exhausted, the CPOA will continue discussions on their concerns with the city's Human Resources Department. The city and CPOA also agree that if the parties are unable to resolve CPOA issues related to vacation scheduling, then upon written mutual agreement between the parties the following procedure for vacation scheduling may be implemented during the term of the MOU: a. Any employee with 40 or more accrued hours of compensation time that is paid out on the last pay date of December will be permitted to use a total of 20 hours of vacation accrued over in January or February of the designated accrual amount under following calendar year subject to the provisions of Article 11B shall still occur17.

Appears in 1 contract

Sources: Memorandum of Understanding

Vacation Conversion. 1. No later than December 10, 2019, employees working an 112-hour per pay period schedule will be provided an option to convert accrued and unused vacation to cash in amount of one hundred twelve (112) hours. No later than December 10, 2019, employees working an 80-hour per pay period schedule will be provided an option to convert accrued and unused vacation to cash in amount of eighty (80) hours. All accrued and unused vacation earned up through the last full period in December 2019, that is not requested to be cashed out by December 10, 2019 is no longer eligible to be converted to cash, except upon separation of employment with the city. 2. Employees working an112-hour per pay period schedule are also eligible to submit an irrevocable request to elect to convert cash out up to 112 hours of accrued vacation hours for the following calendar year to be deposited into the employee’s individual post-retirement healthcare trust accountyear. Employees working an 80-hour pay period schedule are also eligible to submit an irrevocable request to elect to convert cash out up to 80 hours of accrued vacation hours for the following calendar year to be deposited into the employee’s individual post-retirement healthcare trust account. There shall be no cash option available to the employee for the conversion of unused accrued vacation hoursyear. 23. All employees wishing to convert accrued vacation to fund their post-retirement healthcare trust cash in the year following the election will complete a form between November 10 and December 10 of each year. Elections will not carry over from one calendar year to the next calendar year. 34. Only vacation hours accrued during the calendar year following the election may be convertedcashed out. Employees accruing less than the election amount may convert cash out no more than their total vacation accrual in the following calendar year. 45. The employee’s accrued vacation to convert to the healthcare trust cash will be credited first to the trust cash out account with the employee’s earned vacation leave until the employee’s full election amount is reached. The vacation hours designated to the trust cash out account will not be credited toward the employee’s maximum vacation accrual. During this period of time, no earned vacation leave will be credited to the employee’s vacation time off balance. 56. Conversion Payment of vacation hours elected for the trust cash out will be in the last paycheck in December unless the employee has accrued all the elected vacation hours by June 30, in which case conversion payment of the elected vacation hours may occur be cashed out in July at the employee’s request. All vacation hours will be converted paid in the calendar year in which the vacation hours accrue. If the employee does not accrue all requested vacation hours in the calendar year, the vacation conversion payment amount will be reduced to the total number of vacation hours the employee actually accrues in the calendar year and the conversion payout will be made no later than the last pay date in the calendar year. 7. The vacation conversion payment amount will be based on the employee’s rate of pay at the time of the conversionpayout. The vacation payment amount is taxable income, subject to all applicable withholding amounts and payroll deductions. 68. An employee who does not elect to designate cash out vacation hours to convert by December 10 waives their right to do so and will not be allowed to elect to convert cash out any vacation accruing in the following year. Mandatory conversion of vacation accrued over the designated accrual amount under Article 11B shall still occur.

Appears in 1 contract

Sources: Memorandum of Understanding