Common use of Compensatory Time Annual Conversion Clause in Contracts

Compensatory Time Annual Conversion. A member has the option to be paid out for compensatory time hours which have been accumulated but not used in any calendar year, provided that the member notifies the City by January 31st of the following year the number of hours the member requests to be paid for. Such payment shall be made at the member's hourly rate of pay as of December 31st of the calendar year in which the compensatory time was earned and accrued. Such payment shall be made in February of the following year.

Compensatory Time Annual Conversion. A member has the option to may, at his or her option, be paid out for compensatory time hours which have been accumulated but not used in any calendar year, provided that the member notifies designate to the City by January 31st 31 of the following year the number of hours the member requests to be paid for. Such payment shall be made at the member's ’s hourly rate of pay as of December 31st 31 of the calendar year in which the compensatory time was earned and accrued. Such payment shall be made in February of the following year.