Common use of Conversion of Leave Clause in Contracts

Conversion of Leave. Leave for catastrophic illness will be available only to employees who have exhausted their own paid leave and compensatory time/leave through bona fide serious illness or accident. Donating employees must sign an authorization, including specifying the specific employee to be a recipient of the donation. Leave transferred will be converted to a dollar value and then converted to hours based on the recipient’s hourly rate e.g., the leave donor’s salary is $6.00 per hour and the recipient’s salary is $12.00 per hour; thus a donor must transfer twice the amount of hours to achieve full conversion. The agency shall not transfer more than the equivalent of 30 of the recipient’s workdays of leave into his/her account at any one time. The agency shall not transfer more donations until this amount is exhausted. All donations remaining in the employee’s catastrophic illness account when the employee’s employment terminates, or when the employee dies, shall be forfeited, and no payout for these forfeited hours shall be made. No more than 1,200 hours of donated leave may be received by an employee during a twelve month period.

Conversion of Leave. Leave for catastrophic illness will be available only to employees who have exhausted their own paid leave and compensatory time/leave through bona fide serious illness or accident. Donating employees must sign an authorization, including specifying the specific employee to be a recipient of the donation. Leave transferred will be converted to a dollar value and then converted to hours based on the recipient’s hourly rate e.g., the leave donor’s salary is $6.00 per hour and the recipient’s salary is $12.00 per hour; thus a donor must transfer twice the amount of hours to achieve full conversion. The agency shall not transfer more than the equivalent of 30 of the recipient’s workdays of leave into his/her account at any one time. The agency shall not transfer more donations until this amount is exhausted. All donations remaining in the employee’s catastrophic illness account when the employee’s employment terminates, or when the employee dies, shall be forfeited, and no payout for these forfeited hours shall be made. No more than 1,200 1200 hours of donated leave may be received by an employee during a twelve month period.