Common use of Compensatory Time Cash Out Clause in Contracts

Compensatory Time Cash Out. If compensation is paid to an employee for accrued compensatory time, such compensation shall be paid at the regular rate earned by the employee at the time the employee receives such payment. All compensatory time must be used by June 30th of each year. The employee’s compensatory time balance will be cashed out every June 30th or when the employee leaves University employment for any reason. The employee’s compensatory time balance may be cashed out when the employee: 1. Transfers to a position in their department with different funding sources or, 2. Transfers to a position in another department. Sick call coverage at designated bases will be offered based upon desired crew skill mix, to the official duty station nurses first then if they remain uncovered will be offered to other duty station nurses for coverage.

Appears in 6 contracts

Samples: Collective Bargaining Agreement, Collective Bargaining Agreement, Collective Bargaining Agreement

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