Compensation Credits Sample Clauses

Compensation Credits. Each employee shall receive two (2) normal workweeks of vacation, to be taken as leave with pay or pay at the employee's option. The employee shall receive compensation for normal workweeks at the employee's regular hourly rate of pay. The employee must exercise this option within each fiscal year. Computations will be based on the employee's rate of pay at the time of the request. This benefit will not be available to any person who has not been employed by the County for at least one year unless the person has completed their trial service period of employment prior to the end of the fiscal year. If an eligible employee elects to receive the credits as pay, it must be paid in increments equal to one workweek. No partial pay (less than one workweek) is allowed. If an eligible employee elects to receive the credits as vacation, it may be scheduled one (1) day at a time or as a unit, subject to the approval of the department head. This benefit is to be used by the employee based on the individual’s employment status as of July 1 of each fiscal year. If the employee completes their trial service period prior to the end of the fiscal year, the benefit will be prorated for that period between the employee's continuous service date and the end of the County's fiscal year. Employees hired on or after July 1, 2008, will not receive compensation credits. In lieu of receiving compensation credits, new employees will receive a higher rate of pay generated by rolling the value of the compensation credits (3.84%) into the base rate of pay.
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Compensation Credits. Employees hired before July 1, 2008, shall receive two (2) normal workweeks of vacation, to be taken as leave with pay or, at the employee’s option, the employee shall receive compensation for two (2) normal workweeks, accrued at the employee’s regular hourly rate of pay. The employee must exercise this option with each fiscal year (computations will be based on the employee’s hourly rate at the time of the request). The benefit cannot be carried forward into the next fiscal year. An employee will not be eligible for this benefit if the employee has not completed their trial service period prior to the end of the fiscal year. If an eligible employee elects to receive the credits as pay, it must be paid in increments equal to one (1) workweek. No partial pay (less than one (1) workweek) is allowed. An eligible employee may schedule the vacation portion of the benefit one (1) day at a time or as regularly scheduled hours for that day, subject to the approval of the department head. If an employee has compensation credits remaining in June (at the end of the fiscal year), the employee may request payment for the balance. The employee must include the remaining compensation credit hours on a timecard during a pay period that will result in a paycheck dated no later than the end of the fiscal year in which the compensation credit was accrued. This benefit is to be used by the employee based on their employment status at the time the request is made. Payments or time off will be prorated based on the employee’s work status. Employees completing trial service prior to the end of the fiscal year will have their benefit prorated for that period between the employee's continuous service date and June 30th.
Compensation Credits. Each employee shall receive eighty (80) hours of leave, to be taken as leave with pay or, at the employee's option shall receive compensation for eighty (80) hours accrued at the employee's regular rate of pay. The employee must exercise this option each fiscal year (computations will be based on the employee's pay at the time of the request). The benefit cannot be carried forward into the next fiscal year. An employee will not be eligible for this benefit if the employee has not completed his/her trial service period prior to the end of the fiscal year. If an eligible employee elects to receive the credits as pay, it must be paid in increments equal to forty
Compensation Credits. Each employee shall receive two (2) normal workweeks of vacation, to be taken as leave with pay or pay at the employee's option. The employee shall receive compensation for normal workweeks at the employee's regular hourly rate of pay. The employee must exercise this option within each fiscal year. Computations will be based on the employee's rate of pay at the time of the request. This benefit will not be available to any person who has not been employed by the County for at least one year unless the person has completed their trial service period of employment prior to the end of the fiscal year. If an eligible employee elects to receive the credits as pay, it must be paid in increments equal to one workweek. No partial pay (less than one workweek) is allowed. If an eligible employee elects to receive the credits as vacation, it may be scheduled one (1) day at a time or as regularly scheduled hours for that day, subject to the approval of the department head. This benefit is to be used by the employee based on the individual’s employment status as of July 1 of each fiscal year. If the employee completes their trial service period prior to the end of the fiscal year, the benefit will be prorated for that period between the employee's continuous service date and the end of the County's fiscal year. Employees hired on or after July 1, 2008, will not receive compensation credits. In lieu of receiving compensation credits, new employees will receive a higher rate of pay generated by rolling the value of the compensation credits (3.84%) into the base rate of pay.
Compensation Credits. Employees hired before July 1, 2010, shall receive two (2) normal workweeks of leave, to be taken as leave with pay or, at the employee’s option, he/she shall receive compensation for two (2) normal workweeks, accrued at the employee’s regular hourly rate of pay. The employee must exercise this option with each fiscal year (computations will be based on the employee's hourly rate at the time of the request). The benefit cannot be carried forward into the next fiscal year. An employee will not be eligible for this benefit if the employee has not completed his/her trial service period prior to the end of the fiscal year. If an eligible employee elects to receive the credits as pay, it must be paid in increments equal to one (1) workweek. No partial pay (less than one (1) workweek) is allowed. If an employee elects to receive the credits as leave, it may be scheduled one (1) day at a time or as a unit, subject to the approval of the department head. This benefit is to be used by the employee based on his/her employment status at the time the request is made. Payments or time off will be prorated based on the employee's work status.
Compensation Credits. Employees shall receive two (2) normal workweeks of leave, to be taken as leave with pay or, at the employee’s option, he/she shall receive compensation for up to two (2) normal workweeks, accrued at the employee’s regular rate of pay. The employee must exercise this option with each fiscal year (computations will be based on the employee’s salary at the time of request). The benefit cannot be carried forward into the next fiscal year. An employee will not be eligible for this benefit if the employee has not completed his/her probationary period prior to the end of the fiscal year. An eligible employee may schedule the vacation portion of the benefit one (1) day at a time or as a unit, subject to the approval of the department head. If an eligible employee elects to receive the “pay” benefit, the employee may request such pay in one-week increments.
Compensation Credits. Employees hired before July 1, 2008, shall receive three (3) normal workweeks of vacation, to be taken as leave with pay or, at the employee’s option, the employee shall receive compensation for three (3) normal workweeks, accrued at the employee’s regular hourly rate of pay. The employee must exercise this option with each fiscal year (computations will be based on the employee’s hourly rate at the time of the request). The benefit cannot be carried forward into the next fiscal year. If an eligible employee elects to receive the credits as pay, it must be paid in increments equal to one (1) workweek. No partial pay (less than one (1) workweek) is allowed. An eligible employee may schedule the vacation portion of the benefit one (1) day at a time or as regularly scheduled hours for that day, subject to the approval of the department head. If an employee has compensation credits remaining in June (at the end of the fiscal year), the employee may request payment for the balance. The employee must include the remaining compensation credit hours on a timecard during a pay periods that will result in a paycheck dated no later than the end of the fiscal year in which the compensation credit was accrued. This benefit is to be used by the employee based on their employment status at the time the request is made. Payments or time off will be prorated based on the employee’s work status.
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Compensation Credits. (a) Compensation received by a Transferred Salaried Employee while he or she is employed by ANC which is recognized under the ANC Salaried Pension Plan as it was in effect immediately before the Separation Date shall be taken into account in determining the Highest Average Salary used to compute the benefit payable to such Transferred Salaried Employee under the Pechiney Plastics Salaried Pension Plan.
Compensation Credits. Each employee shall receive two (2) normal 5 workweeks of vacation, to be taken as leave with pay or pay at the employee's option.

Related to Compensation Credits

  • Basic Compensation An employee, at the employee's option, may report to court when subpoenaed or remain on call. If the employee elects to appear in court, the division supervisor must be notified, at the latest, one administrative day prior to the scheduled court appearance. If the employee wishes to remain on call, the employee must be able to appear in court not more than one hour after being notified that the employee's appearance is required in court. To appear in court more than an hour after having been notified will void the employee's right to on-call compensation. An employee need not remain at home, but must be available for telephonic notification at a location where the supervisor knows the employee can be reached.

  • Compensation Benefits In accordance with Section 142 of the State Finance Law, this contract shall be void and of no force and effect unless the Contractor shall provide and maintain coverage during the life of this contract for the benefit of such employees as are required to be covered by the provisions of the Workers' Compensation Law.

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