Conversion of Compensatory Time. Employees may request conversion of banked compensatory time to cash at any time during the year. Such conversion shall be granted subject to the availability of budgeted funds. Such compensation shall be paid at the regular rate at the time such payment is made. It will not be made during any period in which the regular rate is increased due to special compensation (e.g., court standby or non-regularly assigned bonuses). This provision shall not preclude the City from converting banked time to cash at any time. Management may require employees to use their CTO in accordance with Article 6.2 II.E. No employee shall lose banked compensatory time under any circumstances.
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Samples: Letter of Agreement, Letter of Agreement, www.uflac.org
