Common use of Compensation Credits Clause in Contracts

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. 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 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.