Compensatory Time Liquidation in Cash Sample Clauses

Compensatory Time Liquidation in Cash. At the discretion of the Appointing Authority, all or a portion of the compensatory bank may be liquidated in cash.
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Compensatory Time Liquidation in Cash. Once per fiscal year, the Employer may offer the employee the ability to liquidate all or a portion of the compensatory bank with thirty (30) calendar days advance written notice to the Local Union. Such liquidation shall be done in a uniform manner for all employees of the seniority unit. The Appointing Authority and the Local Union may agree in a local meet and confer to uniform liquidation on some basis other than seniority unit. An employee transferring to the service of another Appointing Authority, accepting a position not represented by the Union, separated from State service, or placed on permanent layoff, shall have unused compensatory time paid in cash. Any cash payment of unused compensatory time shall be at the average regular rate of pay received by the employee during the last three (3) years of the employee's employment or his/her regular rate of pay as of the date of payment, whichever is greater.
Compensatory Time Liquidation in Cash. At the option of the Appointing Authority, all or a portion of the compensatory bank may be liquidated in cash at the beginning of the pay periods closest to January 1st, April 1st, July 1st and October 1st, with thirty (30) calendar days advance written notice to the Association. Such liquidation shall be done in a uniform manner for all supervisors of the seniority unit. Such liquidation shall be at the supervisor’s then current rate of pay. Immediately upon promotion to a supervisory position assigned to Salary Range 19 or above, the Appointing Authority may liquidate some, all or none of the supervisor’s compensatory bank. A supervisor transferring to the service of another Appointing Authority, accepting a position not represented by the Association, or placed on permanent layoff, shall have unused compensatory time paid in cash at the supervisor’s then current rate of pay. A supervisor placed on seasonal layoff may have unused compensatory time paid in cash, at the option of the supervisor. Payment of unused compensatory time for supervisors separating from State service shall be at the average regular rate of pay received by the supervisor during the last three (3) years of the supervisor's employment or his/her regular rate of pay as of the date of payment, whichever is greater.
Compensatory Time Liquidation in Cash. At the option of the Appointing Authority, all or a portion of the compensatory bank may be liquidated in cash two (2) times a fiscal year, with thirty (30) calendar days advance written notice to the Local Union. Such liquidation shall be done in a uniform manner for all employees of the seniority unit. The Appointing Authority and the Local Union may agree in a local meet and confer to uniform liquidation on some basis other than seniority unit. An employee transferring to the service of another Appointing Authority, accepting a position not represented by the Union, separated from State service, or placed on permanent layoff, shall have unused compensatory time paid in cash. An employee placed on seasonal layoff may have unused compensatory time paid in cash, at the option of the employee. Any cash payment of unused compensatory time shall be at the average regular rate of pay received by the employee during the last three (3) years of the employee's employment or his/her regular rate of pay as of the date of payment, whichever is greater.
Compensatory Time Liquidation in Cash. At the option of the Appointing Authority, all or a portion of the compensatory bank may be liquidated in cash on June 30 in the first year of the contract and/or on June 30 of the second year of the contract. However, employees shall have the option of carrying over a maximum of fifty (50) hours of their compensatory bank to the next fiscal year. An employee transferring to the service of another Appointing Authority, accepting a position not represented by the Union, separated from State service, or placed on permanent layoff, shall have unused compensatory time paid in cash. An employee placed on seasonal layoff may have unused compensatory time paid in cash, at the option of the employee. Any cash payment of unused compensatory time shall be at the average regular rate of pay received by the employee during the last three (3) years of the employee's employment or his/her regular rate of pay as of the date of payment, whichever is greater.
Compensatory Time Liquidation in Cash. 4 At the option of the Appointing Authority, all or a portion of the compensatory bank may be 5 liquidated in cash on June 30 in the first year of the contract and/or on June 30 of the second 6 year of the contract. However, employees shall have the option of carrying over a maximum of 7 fifty (50) hours of their compensatory bank to the next fiscal year. 9 An employee transferring to the service of another Appointing Authority, accepting a position 10 not represented by the Union, separated from State service, or placed on permanent layoff, 11 shall have unused compensatory time paid in cash. An employee placed on seasonal layoff 12 may have unused compensatory time paid in cash, at the option of the employee. 14 Any cash payment of unused compensatory time shall be at the average regular rate of pay 15 received by the employee during the last three (3) years of the employee's employment or 16 his/her regular rate of pay as of the date of payment, whichever is greater.
Compensatory Time Liquidation in Cash. At the option of the Appointing Authority, all or 19 a portion of the compensatory bank may be liquidated in cash at the beginning of the pay 20 periods closest to January 1st, April 1st, July 1st and October 1st, with thirty (30) calendar 21 days advance written notice to the Association. Such liquidation shall be done in a uniform 22 manner for all supervisors of the seniority unit. Such liquidation shall be at the supervisor’s 23 then current rate of pay.
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Compensatory Time Liquidation in Cash. Once per fiscal year, the Employer may offer the 17 employee the ability to liquidate all or a portion of the compensatory bank with thirty (30) 18 calendar days advance written notice to the Local Union. Such liquidation shall be done in a 19 uniform manner for all employees of the seniority unit. The Appointing Authority and the Local 20 Union may agree in a local meet and confer to uniform liquidation on some basis other than 21 seniority unit. 23 An employee transferring to the service of another Appointing Authority, accepting a position 24 not represented by the Union, separated from State service, or placed on permanent layoff, 25 shall have unused compensatory time paid in cash. 1 Any cash payment of unused compensatory time shall be at the average regular rate of pay 2 received by the employee during the last three (3) years of the employee's employment or 3 his/her regular rate of pay as of the date of payment, whichever is greater.
Compensatory Time Liquidation in Cash. Once per fiscal year, the Employer may offer the 4 employee the ability to liquidate all or a portion of the compensatory bank with thirty (30) 5 calendar days advance written notice to the Local Union. Such liquidation shall be done in a 6 uniform manner for all employees of the seniority unit. The Appointing Authority and the 7 Local Union may agree in a local meet and confer to uniform liquidation on some basis 8 other than seniority unit.

Related to Compensatory Time Liquidation in Cash

  • Cash Liquidation 7 Certificate...................................................................7

  • Distributions Upon Liquidation Notwithstanding Section 5.1, proceeds from a Liquidating Event shall be distributed to the Partners in accordance with Section 13.2.

  • Assuming Institution’s Liquidation of Remaining Shared-Loss Loans In the event that the Assuming Institution does not conduct a Portfolio Sale pursuant to Section 4.1, the Receiver shall have the right, exercisable in its sole and absolute discretion, to require the Assuming Institution to liquidate for cash consideration, any Shared-Loss Loans held by the Assuming Institution at any time after the date that is six months prior to the Termination Date. If the Receiver exercises its option under this Section 4.2, it must give notice in writing to the Assuming Institution, setting forth the time period within which the Assuming Institution shall be required to liquidate the Shared-Loss Loans. The Assuming Institution will comply with the Receiver’s notice and must liquidate the Shared-Loss Loans as soon as reasonably practicable by means of sealed bid sales to third parties, not including any of the Assuming Institution’s affiliates, contractors, or any affiliates of the Assuming Institution’s contractors. The selection of any financial advisor or other third party broker or sales agent retained for the liquidation of the remaining Shared-Loss Loans pursuant to this Section shall be subject to the prior approval of the Receiver, such approval not to be unreasonably withheld, delayed or conditioned.

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