Common use of Carry-over and Liquidation Clause in Contracts

Carry-over and Liquidation. ‌ (a) Where in any vacation year an employee has not been granted all vacation leave credited, the unused portion of vacation leave shall be carried over. (b) During any vacation year, upon application by the employee and at the discretion of the Employer, earned but unused vacation leave credits shall be compensated at the employee’s daily rate of pay as calculated from the classification prescribed in the employee’s certificate of appointment to the employee’s substantive position on December 31. (c) Effective January 1, 2005, when the unused portion of vacation leave carried over by an employee under paragraph (a) exceeds the vacation leave credits earned during the employee’s previous two vacation years, the employee shall, at the request of the Employer, submit a plan for scheduling vacation leave so as to reduce the leave credits carried over to no more than what the employee earned in the two years. (d) The Employer reserves the right to schedule the employee’s excess vacation leave where no acceptable plan has been submitted in accordance with paragraph (c) above, but shall provide reasonable consideration to scheduling such leave according to the employee’s wishes.

Appears in 6 contracts

Samples: Collective Agreement, Collective Agreement, Collective Agreement

AutoNDA by SimpleDocs
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!