Conversion of Vacation into Pay Sample Clauses

Conversion of Vacation into Pay. While the City encourages employees to take all available vacation time off, an employee earning fifteen (15) or more days of vacation may elect to be paid at his regular base rate for all but two (2) weeks (ten [10] days) of unused vacation each calendar year. Each employee must take at least one (1) week vacation per year after the first year of employment. The leave that is converted shall be that which is earned in the given year and payment shall be made by January 31 of the year following the leave being earned. The amount of leave considered earnable salary shall be reduced by any leave utilized during the year for which it is being earned and no employee shall be permitted to receive payment for more vacation leave that he otherwise earns in a given year.
Sample 1
AutoNDA by SimpleDocs
Conversion of Vacation into Pay. While the City encourages employees to take all available vacation time off, an employee earning fifteen (15) or more days of vacation may elect, with the approval of the appropriate appointing authority and subject to the availability of funds, to be paid at his regular base rate for all but two (2) weeks (ten [10] days) of unused vacation each calendar year. Each employee must take five (5) contiguous work days of vacation per year after the first year of employment.
Sample 1

Related to Conversion of Vacation into Pay

  • Calculation of Vacation Pay Vacation pay shall be at the rate effective immediately prior to the vacation period. However, should any salary increase become effective during the employee's vacation period, he/she shall receive the benefit of such increase from the effective date.

  • Accumulation of Vacation Vacation leave may be accumulated to any amount provided that once during each fiscal year, each supervisor's accumulation must be reduced to two hundred and seventy-five (275) hours or less. If this is not accomplished on or before the last day of the fiscal year, the amount of vacation shall automatically be reduced to two hundred seventy-five (275) hours at the end of the fiscal year. Supervisors on a Military Leave under Appendix I shall earn vacation leave as though actually employed, without regard to the maximum accumulation set forth above. Vacation earned in excess of the maximum accumulation shall be taken within two (2) years of the date the supervisor returns from the Military Leave.

  • Computation of Vacation Pay Where an employee's vacation pay for the current year is to be computed as a percentage of his "total wages earned" in the previous year, such "total wages earned" shall include the amount of vacation pay the employee received in the previous year.

  • Pay in Lieu of Vacation Employees may in any federal fiscal year elect, in twelve (12) hour increments, in lieu of vacation time off, to receive compensation for up to sixty (60) hours for the year and is subject to management approval.

  • Liquidation of Vacation Leave 31.5.1 Upon application by the employee and at the discretion of the Council, earned but unused vacation leave credits in excess of one hundred twelve decimal five (112.5) hours may be paid at the employee's daily rate of pay in his substantive position unless the employee has been in an acting position for more than six (6) months at the time of the request.

  • Accumulation of Vacation Leave An employee who has earned at least ten (10) days' pay for each calendar month of a vacation year shall earn vacation leave of:

  • Preference in Vacation (1) A preference in selection of vacation time shall be determined in each work group on the basis of service seniority by classification within that work group.

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

  • RATE OF VACATION PAY Compensation during vacation shall be at the rate of compensation as set forth for each classification in Appendix "A" which such employee would have been entitled to receive, including premium pay, while in active service during such vacation period.

  • Cancellation of Vacation Leave When the Employer cancels or alters a period of vacation leave which it has previously approved in writing, the Employer shall reimburse the employee for the non-returnable portion of vacation contracts and reservations made by the employee in respect of that period, subject to the presentation of such documentation as the Employer may require. The employee must make every reasonable attempt to mitigate any losses incurred and will provide proof of such action, when available, to the Employer.

Time is Money Join Law Insider Premium to draft better contracts faster.