Comprehensive Carryover/Pay-Outs Sample Clauses

Comprehensive Carryover/Pay-Outs. No employee shall be able to carry over a combined total of comprehensive leave of more than eight hundred (800) hours to the following fiscal year unless authorized by the Town Manager. The total comprehensive leave in excess of eight hundred (800) hours shall be deposited into an eligible 457 Plan at the end of each fiscal year at the employee’s current regular rate of pay pursuant to applicable state and federal laws. Employees may request a payout of comprehensive leave twice annually, not to exceed a combined total of 100 hours, once during the second quarter of the calendar year and again during the fourth quarter of the calendar year. All such requests will be processed and pay-outs made in accordance with a schedule established by the Finance Director. Employees will be provided ample advance notification of the schedule. Members requesting a pay-out must retain an accrued comprehensive leave balance of not less than 240 hours. Pay-outs will be made at the employee’s current regular rate of pay. Employees may elect to take their payout as cash or may elect to deposit their payout through payroll into an eligible 457 Plan, or other pre-tax account plan, pursuant to applicable state and federal laws. The Town Manager may authorize pay-outs at other times upon the specific written request of an employee, but only in the event that extraordinary circumstances warrant such consideration.
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Comprehensive Carryover/Pay-Outs. No employee shall be able to accrue comprehensive leave in excess of eight hundred and fifty (850) hours. When an employee reaches a comprehensive leave balance of eight hundred and fifty (850) hours, their accrual shall stop until which time their balance falls below eight hundred and fifty (850). Employees who currently have a comprehensive leave balance of eight hundred and fifty (850) hours or more will be paid out in FY 2019/20 for their leave hours down to seven hundred and eighty-two (782) hours at their regular rate of pay. These employees may elect to take their payout as cash or may elect to deposit their payout through payroll into an eligible 457 plan, or other pre-tax account plan, pursuant to applicable state and federal laws. In the event an employee is not permitted to schedule and take leave as caused by the Town, which would result in the employee exceeding the accumulation limit, the employee may request the Town Manager to consider the reasons for exceeding the cap and may be granted a ninety
Sample 1

Related to Comprehensive Carryover/Pay-Outs

  • Comprehensive Automobile Liability Insurance for coverage of owned and non-owned and hired vehicles, trailers or semi-trailers designed for travel on public roads, with a minimum, combined single limit of One Million Dollars ($1,000,000) per occurrence for bodily injury, including death, and property damage.

  • Excess Public Liability Insurance over and above the Employers’ Liability Commercial General Liability and Comprehensive Automobile Liability Insurance coverage, with a minimum combined single limit of Twenty Million Dollars ($20,000,000) per occurrence/Twenty Million Dollars ($20,000,000) aggregate.

  • Public Liability Insurance which will provide indemnity against the insured parties legal liability in the event of accidental death of or injury to third party persons and/or accidental loss of or damage to third party property arising directly from the execution of the contract with a limit of indemnity of R 100 million in respect of all claims arising from any one occurrence or series of occurrences consequent on or attributable to one source or original cause. The policy will be subject to a Deductible of R25 000 for Property Damage claims only but R250 000 where Loss or Damage involves Aircraft.

  • The Commercial General Liability Insurance, Comprehensive Automobile Liability Insurance and Excess Public Liability Insurance policies shall contain provisions that specify that the policies are primary and shall apply to such extent without consideration for other policies separately carried and shall state that each insured is provided coverage as though a separate policy had been issued to each, except the insurer’s liability shall not be increased beyond the amount for which the insurer would have been liable had only one insured been covered. Each Party shall be responsible for its respective deductibles or retentions.

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