Common use of Earned Vacation Leave Clause in Contracts

Earned Vacation Leave. Employees hired prior to 1981 April 01 will maintain the earned vacation to their credit at the time of conversion to the advanced vacation system. These earned vacation credits may be taken over the term of the employee’s employment to a maximum of five (5) days per year. Should an employee fail to exercise this option, these earned leave credits will be paid out at the time of retirement or termination at the salary in effect at that time.

Appears in 2 contracts

Samples: Day Agreement, Agreement

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Earned Vacation Leave. Employees hired prior to 1981 April 01 will maintain the earned vacation to their credit at the time of conversion to the advanced vacation system. These earned vacation credits may be taken over the term of the employee’s employment to a maximum of five (5) days per year. Should an employee fail to exercise this option, these earned leave credits will be paid out at the time of retirement or termination at the salary in effect at that time.

Appears in 2 contracts

Samples: Agreement, Agreement

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Earned Vacation Leave. Employees hired prior to 1981 April 01 O1 will maintain the earned vacation to their credit at the time of conversion to the advanced vacation system. These earned vacation credits may be taken over the term of the employee’s 's employment to a maximum of five (5) days per year. Should an employee fail to exercise this option, these earned leave credits will be paid out at the time of retirement or termination at the salary in effect at that time.

Appears in 1 contract

Samples: Agreement

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