Common use of Conversion of Compensatory Time Clause in Contracts

Conversion of Compensatory Time. An employee will be entitled to compensation, at one and one-half (1-1/2) times the applicable rate of pay, i.e., the rate at which it was earned, for all actual overtime hours worked and not compensated by use of compensatory time within the limits of this Article, upon separation or layoff, or the expiration of the twelve (12) month period from the date such compensatory time was earned.

Conversion of Compensatory Time. An employee will be entitled to compensation, at one time and one-half one­half (1-1 1/2) times of the applicable rate of pay, i.e., the rate at which it was earned, for all actual overtime hours worked and not compensated by use of compensatory time within the limits of this Article, upon separation or layoff, or the expiration of the twelve eighteen (1218) month period from the date such compensatory time was earned.