Common use of Annual Leave Accrual Limits Clause in Contracts

Annual Leave Accrual Limits. Accrued and unused leave may be carried over to the next year for the purpose of accumulating an annual leave account, or reserve; however, as of the last full pay period of the calendar year, an employee may not have more than four-hundred-eighty (480) hours of cashable annual leave. All hours of cashable annual leave in excess of four-hundred-eighty (480), unless converted to cashable sick leave, shall be paid to the employee in the next pay period following the last full pay period in December. The employee’s factored rate of pay as of the last day in the last full pay period of December will be utilized for the leave cash-in rate.

Annual Leave Accrual Limits. Accrued and unused leave may be carried over to the next year for the purpose of accumulating an annual leave account, or reserve; however, as of the last full pay period of the calendar year, an employee may not have more than four-hundred-four- hundred- eighty (480) hours of cashable annual leaveleave credit. All hours of cashable annual leave in excess of four-hundred-eighty (480), unless converted to cashable sick leave, shall be paid to the employee in the next pay period following the last full pay period in December. The employee’s factored rate of pay as of the last day in the last full pay period of December will be utilized for the leave cash-in rate.