Conversion of Vacation Sample Clauses

Conversion of Vacation. Effective May 1st of each year, Employees with ten (10) or more years of service, having used forty (40) or less hours of sick leave during the previous year, May 1 through April 30, may request to cash out up to forty (40) hours of vacation. A request for cash out shall be submitted by May 1st and shall be paid no later than the second (2nd) pay period in June. An employee is entitled to compensation, at the employee’s current rate of pay, for any earned but unused vacation leave at the time of separation from employment.
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Conversion of Vacation. Effective May 1st of each year, Employees with ten (10) or more years of service, having used forty (40) or less hours of sick leave during the previous year, May 1 through April 30, may request to cash out up to forty (40) hours of vacation. A request for cash out shall be submitted by May 1st and shall be paid no later than the second (2nd) pay period in June. An employee is entitled to compensation, at the employee's current rate of pay, for any earned but unused vacation leave at the time of separation from employment. Employees are not permitted request the conversion of vacation during the life of this Agreement. The parties agreed to a moratorium on Section 20.4 during the life of this Agreement and any request to convert vacation leave will be denied.
Sample 1
Conversion of Vacation. An employee may make a written request to convert vacation into sick leave or bereavement leave in circumstances where this is justified. With the Chief’s approval, authorized vacation time may be converted to sick leave or bereavement leave when the employee experiences a major illness or injury while on vacation or; while on vacation, an event occurs in the employee’s family where the employee would qualify for bereavement leave.
Sample 1

Related to Conversion of Vacation

  • Sick Leave Conversion On January 1 of each year, an employee may convert up to a maximum of 30 hours accumulated sick leave at fifty percent (50%) cash value for the sole purpose of reimbursing the employee for medical costs. This conversion is subject to the following:

  • Conversion Notwithstanding any other provisions of this Declaration or the By-Laws of the Trust, a favorable vote of a majority of the Trustees then in office followed by the favorable vote of the holders of not less than seventy-five percent (75%) of the Shares of each affected class or series outstanding, voting as separate classes or series, shall be required to approve, adopt or authorize an amendment to this Declaration that makes the Shares a "redeemable security" as that term is defined in the 1940 Act, unless such amendment has been approved by 80% of the Trustees, in which case approval by a Majority Shareholder Vote shall be required. Upon the adoption of a proposal to convert the Trust from a "closed-end company" to an "open-end company" as those terms are defined by the 1940 Act and the necessary amendments to this Declaration to permit such a conversion of the Trust's outstanding Shares entitled to vote, the Trust shall, upon complying with any requirements of the 1940 Act and state law, become an "open-end" investment company. Such affirmative vote or consent shall be in addition to the vote or consent of the holders of the Shares otherwise required by law, or any agreement between the Trust and any national securities exchange.

  • Length of Vacation 12.01 Annual vacations with pay shall be granted to employees as follows:

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