Common use of Accrued Benefits and Floating Holidays Clause in Contracts

Accrued Benefits and Floating Holidays. A. An employee transferring to a position governed by this Agreement from a position not governed by this Agreement shall not carry over any accruals exceeding the maximum benefit level of accruals allowed by this Agreement. B. An employee transferring to a position governed by this Agreement from a position not governed by this Agreement who has accrued more than the maximum number of vacation, CTO and/or holiday hours allowed in this Agreement may be allowed to cash out in accordance with Section 23.05 of this Agreement.

Appears in 5 contracts

Samples: Collective Bargaining Agreement, Collective Bargaining Agreement, Collective Bargaining Agreement

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Accrued Benefits and Floating Holidays. A. An employee transferring to a position governed by this Agreement from a position not governed by this Agreement shall not carry over any accruals exceeding the maximum benefit level of accruals allowed by this Agreement. B. An employee transferring to a position governed by this Agreement from a position not governed by this Agreement who has accrued more than the maximum number of vacation, sick leave, CTO and/or holiday hours allowed in this Agreement may will be allowed to cash out in accordance with Section 23.05 of any overages to the appropriate cap pursuant to this Agreement.

Appears in 1 contract

Samples: Labor Agreement

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