Common use of Annual Conversion of Accrued Vacation Leave Clause in Contracts

Annual Conversion of Accrued Vacation Leave. During December of each year, each member who has completed eleven (11) years or more of public service may convert a portion of the member’s accrued but unused vacation leave to a cash payment subject to all of the following conditions: 1. The member must have a vacation leave balance of at least one hundred and twenty (120) hours at the end of the first pay period in December; 2. The member may convert no more than forty (40) hours of vacation leave to pay; 3. Vacation leave shall be converted at the rate of one (1) hour of vacation leave to one (1) hour of pay at the member's current straight time hourly rate of pay; 4. Once vacation leave is converted as part of this process, it cannot be converted back into vacation leave; and, 5. This payment shall be made to the member by separate deposit with the first pay of the following calendar year.

Annual Conversion of Accrued Vacation Leave. During December of each year, each member employee who has completed eleven (11) years or more of public service may convert a portion of the member’s his/her accrued but unused vacation leave to a cash payment subject to all of the following conditions:. 1. The member employee must have a vacation leave balance of at least one hundred and twenty (120) hours at the end of the first pay period in December; 2. The member employee may convert no more than forty (40) hours of vacation leave to pay; 3. Vacation leave shall be converted at the rate of one (1) hour of vacation leave to one one (1) hour of pay at the member's ’s current straight time hourly rate of pay; 4. Once vacation leave is converted as part of this process, it cannot be converted back into vacation leave; and,. 5. This payment shall be made to the member by separate deposit with check within the first pay period of the following calendar year.

Annual Conversion of Accrued Vacation Leave. During December of each year, each member employee who has completed eleven ten (1110) years or more of public service may convert a portion of the memberemployee’s accrued but unused not used vacation leave to a cash payment subject to all of the following conditions: 1. The member employee must have a vacation leave balance of at least one hundred and twenty (120) hours at the end of the first pay period in December; 2. The member employee may convert no more than forty (40) hours of vacation leave to pay; 3. Vacation leave shall be converted at the rate of one (1) hour of vacation leave to one (1) hour of pay at the member's employee’s current straight time hourly rate of pay; 4. Once vacation leave is converted as part of this process, it cannot be converted back into vacation leave; and, 5. This The payment shall be made to the member employee by separate deposit check and will occur with the first pay final paycheck of the following calendar year.

Annual Conversion of Accrued Vacation Leave. During December of each year, each member who has completed eleven (11) years or more of public service may convert a portion of the member’s accrued but unused vacation leave to a cash payment subject to all of the following conditions: 1. The member must have a vacation leave balance of at least one hundred and twenty (120) hours at the end of the first pay period in December; 2. The member may convert no more than forty (40) hours of vacation leave to pay; 3. Vacation leave shall be converted at the rate of one (1) hour of vacation leave to one (1) hour of pay at the member's current straight time hourly rate of pay; 4. Once vacation leave is converted as part of this process, it cannot be converted back into vacation leave; and, 5. This payment shall be made to the member by separate deposit with the first pay of the following calendar year.

Annual Conversion of Accrued Vacation Leave. During December of each year, each member employee who has completed eleven (11) years or more of public service may convert a portion of the member’s his/her accrued but unused vacation leave to a cash payment subject to all of the following conditions:. 1. The member employee must have a vacation leave balance of at least one hundred and twenty (120) hours at the end of the first pay period in December; 2. The member employee may convert no more than forty (40) hours of vacation leave to pay; 3. Vacation leave shall be converted at the rate of one (1) hour of vacation leave to one (1) hour of pay at the member's ’s current straight time hourly rate of pay; 4. Once vacation leave is converted as part of this process, it cannot be converted back into vacation leave; and,. 5. This payment shall be made to the member employee by separate deposit with within the first pay period of the following calendar year.