Compensatory Leave. Xxxx agrees to credit each unit member with sixteen (16) hours compensatory leave at the beginning of the pay period that includes July 1 during each year of this agreement. Said compensatory leave shall be used within the fiscal year in which it is credited. Unit members may elect to receive overtime compensation in the form of compensatory leave. Limits on compensatory leave accrual shall be seventy- two (72) hour for all unit members. Any compensatory leave accrued in excess of the above stated amount shall be automatically paid to the unit member.
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Samples: Memorandum of Understanding, Memorandum of Understanding, Memorandum of Understanding