Common use of Compensation Credits Clause in Contracts

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 shall receive two (2) normal workweeks of leave, to be taken as leave with pay or, at the employee’s option, he/she the employee 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 their 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.