Common use of ANNUAL LEAVE FOR DROP PARTICPANTS Clause in Contracts

ANNUAL LEAVE FOR DROP PARTICPANTS. Employees who are participants in the Deferred Retirement Option Program (DROP) shall not be subject to sections A., B., and D. of Article 20, above, and shall receive annual leave in the following manner: 1. DROP participants shall receive, on January 1st of each year of DROP participation, a number of hours of annual leave equal to the number of hours annual leave accumulated in the calendar year immediately preceding the commencement of DROP participation. 2. Employees whose DROP participation begins at a time of year other than January 1st, shall receive a pro-rata share of annual leave for the balance of the calendar year computed in the same manner as paragraph K.1., above. 3. Annual Leave not utilized by an employee by December 31st of a calendar year shall be forfeited. 4. There shall be no compensation for annual leave time remaining in an employee’s annual leave bank upon separation from employment. 5. DROP participants who utilize annual leave in an amount in excess of a proportionate share prior to voluntarily or involuntarily discontinuing employment shall be obligated to compensate the Employer for all annual leave time used in excess of such proportionate share. This provision shall not apply to an employee whose involuntary discontinuance of employment is caused by duty related death or disability.

ANNUAL LEAVE FOR DROP PARTICPANTS. Employees who are participants in the Deferred Retirement Option Program (DROP) shall not be subject to sections A., B., and D. of Article 2018, above, and shall receive annual leave in the following manner: 1. DROP participants shall receive, on January 1st of each year of DROP participation, a number of hours of annual leave equal to the number of hours annual leave accumulated in the calendar year immediately preceding the commencement of DROP participation. 2. Employees whose DROP participation begins at a time of year other than January 1st, shall receive a pro-rata share of annual leave for the balance of the calendar year computed in the same manner as paragraph K.1., above. 3. Annual Leave not utilized by an employee by December 31st of a calendar year shall be forfeited. 4. There shall be no compensation for annual leave time remaining in an employee’s annual leave bank upon separation from employment. 5. DROP participants who utilize annual leave in an amount in excess of a proportionate share prior to voluntarily or involuntarily discontinuing employment shall be obligated to compensate the Employer for all annual leave time used in excess of such proportionate share. This provision shall not apply to an employee whose involuntary discontinuance of employment is caused by duty related death or disability.

ANNUAL LEAVE FOR DROP PARTICPANTS. Employees who are participants in the Deferred Retirement Option Program (DROP) shall not be subject to sections A., B., and D. of Article 2023, above, and shall receive annual leave in the following manner: 1. DROP participants shall receive, on January 1st of each year of DROP participation, a number of hours of annual leave equal to the number of hours annual leave accumulated in the calendar year immediately preceding the commencement of DROP participation. 2. Employees whose DROP participation begins at a time of year other than January 1st, shall receive a pro-rata share of annual leave for the balance of the calendar year computed in the same manner as paragraph K.1., above. 3. Annual Leave not utilized by an employee by December 31st of a calendar year shall be forfeited. 4. There shall be no compensation for annual leave time remaining in an employee’s annual leave bank upon separation from employment. 5. DROP participants who utilize annual leave in an amount in excess of a proportionate share prior to voluntarily or involuntarily discontinuing employment shall be obligated to compensate the Employer for all annual leave time used in excess of such proportionate share. This provision shall not apply to an employee whose involuntary discontinuance of employment is caused by duty related death or disability.