Common use of Compensation Options Clause in Contracts

Compensation Options. Pursuant to the provisions above, employees may select twice a year the option of pay or vacation leave for holidays. The employee selection will remain in effect until a change is made. Any changes made are due in payroll by June 5 to be effective on the July 4th holiday and due in payroll by December 5 to be effective on the December 24 holiday. If selection is not made, annual leave will be given. If an employee has selected holiday vacation accrual, the employee is eligible to use his/her holiday vacation accrual before the completion of six (6) months of service.

Compensation Options. Pursuant to the provisions above, employees covered by this Agreement may select twice a year select the option of pay or vacation leave for holidays. The employee employee’s selection will remain in effect until a change is made. Any changes made are due in payroll Payroll by June 5 5th to be effective on the July 4th 4 holiday and due in payroll Payroll by December 5 5th to be effective on for the December 24 holiday. If selection is not mademade at time of employment, annual vacation leave will be given. If an employee has selected holiday vacation accrual, the employee is eligible to use his/her holiday vacation accrual before the completion of six (6) months of service.

Compensation Options. Pursuant to the provisions above, employees may select twice a year the option of pay or vacation leave for holidays. The employee selection will remain in effect until a change is made. Any changes made are due in payroll by June 5 to be effective on the July 4th holiday and due in payroll by December 5 to be effective on the December 24 holiday. If selection is not made, annual leave will be given. If an employee has selected holiday vacation accrual, the employee is eligible to use his/her holiday vacation accrual before the completion of six (6) months of service.

Compensation Options. Pursuant to the provisions above, employees may select twice a year the option of pay or vacation leave for holidays. The employee selection will remain in effect until a change is made. Any changes made are due in payroll by June 5 to be effective on the July 4th holiday and due in payroll by December 5 to be effective on the December 24 holiday. If selection is not made, annual leave will be given. If an employee has selected holiday vacation accrual, the employee is eligible to use his/her holiday vacation accrual before the completion of six (6) months of service. This section was modified in 2007, to clarify these days are available for use, if approved, based on accrued holiday time being an immediate benefit.