Common use of Vacation Conversion Clause in Contracts

Vacation Conversion. If the Director accrues a balance of more than five weeks from the preceding year(s), the Director may elect to convert up to ten (10) days of their annual vacation to an amount of cash equivalent, calculated on their regular earnings. The Director shall apply for such conversion option in accordance with City procedures, and such amount shall be paid in a manner determined by the City.

Appears in 2 contracts

Sources: Employment Agreement, Employment Agreement