Conversion of Unused Paid Time Off Days Sample Clauses

Conversion of Unused Paid Time Off Days. During Open Enrollment, employees may elect to deposit up to forty-eight
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Conversion of Unused Paid Time Off Days. During Open Enrollment, employees may elect to deposit up to forty-eight (48) hours (pro-rated for part-time employees) into their EIB account at one hundred percent (100%) value. The minimum transfer to EIB is one (1) hour. PTO account balances may not go under eighty (80) hours. Effective January 1, 2017, the maximum accumulation to the EIB bank shall be five hundred (500) hours.
Sample 1
Conversion of Unused Paid Time Off Days. At the end of each 12 month period on Paid Time Off, up to 48 hours (prorated for part-time employees) of “Hours At Risk” will be automatically deposited in the Extended Illness Bank (EIB) account at 100% value. Exceptions to adjust anniversary dates on vacation carryover limitation. a. The adjustment must occur within the same budget year as their current anniversary date. b. The adjustment may not result in a carryover of more than 100% of a year’s annual accrual. c. The adjustment may not result in a carryover of more than 50% of a year’s PTO accrual to the next budget year. d. The adjustment of the anniversary date must be requested in order to enable the employee to take accrued time off that would not otherwise be available under the employee’s current anniversary date (due to the 50% limitation on carryover). Only adjustments that are approved during the vacation-bidding period of January 1 through February 29 of each year consistent with the requirements of Article 12.06 shall be allowed. e. The approved vacation must be taken as requested (no cancellations are permitted once a change of anniversary date has been approved) f. Vacation time must be scheduled in accordance with the prime time restrictions under Article 12.06. g. All requests for a change of anniversary date must be submitted to the manager in accordance with the terms of this provision.
Sample 1

Related to Conversion of Unused Paid Time Off Days

  • Vacation; Paid Time Off During the Employment Term, the Executive shall be entitled to paid vacation in accordance with the Company’s vacation policies, as in effect from time to time. The Executive shall receive other paid time-off in accordance with applicable law and the Company’s policies for executive officers as such policies may exist from time to time.

  • Holiday Falling on a Scheduled Workday An Employee who works on a designated holiday which is a scheduled workday shall be compensated at the rate of double time for hours worked, plus a day off in lieu of the holiday; except for Christmas and New Year's when the compensation shall be at the rate of double time and one-half (2½) for hours worked, plus a day off subject to this Agreement.

  • Vacation and Paid Time Off The Executive shall be entitled to vacation and paid time off in accordance with the standard policies of the Company for executives as in effect from time to time.

  • Accrued Salary and Paid Time Off On the Separation Date, the Company will pay you all accrued salary, and all accrued and unused vacation earned through the Separation Date, subject to standard payroll deductions and withholdings. You are entitled to these payments by law.

  • Prime Time Vacation Period Subject to the provisions of this article, it is the intent of the parties that no employee will be restricted in the time of year they choose to take their vacation. The Employer will make every effort to allow employees to take their vacation during the period of April 15th to October 15th inclusive, which will be defined as the prime time vacation period.

  • Paid Time Off (PTO) During the Term, Executive shall be entitled to paid time off in accordance with Company’s policy in place from time to time; provided, however, that Executive shall be eligible to accrue no less than twenty (20) days per calendar year (with such amount prorated for the balance of 2017).

  • Unused Sick Leave The accrual of unused sick leave hours is unlimited. The City and the Union commit to the evaluation and establishment of a mutually beneficial non-use of sick leave incentive and pay-out policy. Until such time that a policy is established, accumulated sick leave shall be compensated as follows: Upon retirement from the City service, an employee shall be paid sixty percent (60%) of his accumulated sick leave, with the rate of payment based upon his regular pay at the time he retires. Upon the death of an employee, his beneficiary shall be paid sixty percent (60%) of his accumulated unused sick leave, with the payment based upon his regular pay at the date of his death.

  • Paid Time Off The Executive shall be entitled to take paid time off in accordance with the Company’s applicable paid time off policy for executives, as may be in effect from time to time.

  • Holiday Falling on a Day of Rest ‌ (a) When a paid holiday falls on a regular full-time employee's day of rest, the employee shall be entitled to a day off with pay in lieu of the holiday. (b) If a regular full-time employee is called in to work on the day designated as the lieu day pursuant to (a) above, he/she shall be compensated at time and one-half for all hours worked.

  • Sick Time An employee shall have all of his/her accrued sick leave credits transferred when the employee is transferred to a different State agency.

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