Common use of Compensation Credits Clause in Contracts

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 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 they 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. 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 their employment status at the time the request is made. Payments or time off will be prorated based on the employee's work status.