Common use of Compensation Credits Clause in Contracts

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. 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 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 their 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. An eligible employee may schedule the vacation portion of the benefit one (1) day at a time or as regularly scheduled hours for that daya unit, 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 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. 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. 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, he/she 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 his/her 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 daya unit, 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 his/her 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. 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 a unit 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.