Common use of Earned Time Clause in Contracts

Earned Time. 1. Earned time is an alternative approach to the traditional manner of covering absence for vacation, personal days, maternity leave, military leave, and sick leave. Instead of dividing benefits into a specific number of days for each benefit, earned time puts these days together into a single benefit. Earned time can be used for a variety of purposes, including a payment in cash at the time of termination. Earned time is available as soon as it is “earned.” The exact number of earned time hours available each year will depend on the years of service to the Town. 2. Employees who are employed in a full time position are covered by earned time. The accrual rates are as follows: 3. For the purposes of the earned time benefit, years of service will be calculated from the initial date of employment. Employees may accumulate earned time based on regularly scheduled hours worked or in pay status up to those hours budgeted for the position (other non-status hours worked in supplemental compensation such as overtime are excluded) and on years of service to the Town. 4. Excess of 672 hours may, at the employee option, be purchased by the Town at a rate of one earned hour for one hour’s pay. An employee interested in selling accrued earned time in excess of 672 hours shall notify the Fire Chief in writing prior to December 1, March 1, or September 1 of their intent to sell the excess hours. The date of purchase will be the third payday in January for the excess as of December 31st. For written notices received on or before March 1st, the date of purchase will be the third payday in April for the excess as of March 31st. For written notices received on or before September 1st, the date of purchase will be the third payday in October for the excess of September 30th. 5. Accrual limits shall be: 1344 hours.

Earned Time. 1. Earned time is an alternative approach to the traditional manner of covering absence for vacation, personal days, maternity leave, military leave, and sick leave. Instead of dividing benefits into a specific number of days for each benefit, earned time puts these days together into a single benefit. Earned time can be used for a variety of purposes, including a payment in cash at the time of termination. Earned time is available as soon as it is “earned.” The exact number of earned time hours available each year will depend on the years of service to the Town. 2. Employees who are employed in a full time position are covered by earned time. The accrual rates are as follows:: Years of Service Per Month Hours Annual hours 0 thru 6 yrs 22 264 After 7 thru 11 yrs 26 312 After 12 thru 15 yrs 30 360 After 16 thru 20 yrs 34 408 After 21 thru 24 yrs 38 456 25 and above 42 504 3. For the purposes of the earned time benefit, years of service will be calculated from the initial date of employment. Employees may accumulate earned time based on regularly scheduled hours worked or in pay status up to those hours budgeted for the position (other non-status hours worked in supplemental compensation such as overtime are excluded) and on years of service to the Town. 4. Excess of 672 hours may, at the employee option, be purchased by the Town at a rate of one (1) earned hour for one hour’s (1) hour of pay. An employee interested in selling accrued earned time in excess of 672 hours shall notify the Fire Chief in writing prior to December 1, March 1, or September 1 of their intent to sell the excess hours. The For written notices received on or before December 1st, the date of purchase will be the third second payday in January for the excess as of December 31st. For written notices received on or before March 1st, the date of purchase will be the third second payday in April for the excess as of March 31st. For written notices received on or before September 1st, the date of purchase will be the third second payday in October for the excess of September 30th31st. 5. Accrual limits shall be: be 1344 hours.

Earned Time. 1. Earned time is an alternative approach to the traditional manner of covering absence for vacation, personal days, maternity leave, military leave, and sick leave. Instead of dividing benefits into a specific number of days for each benefit, earned time puts these days together into a single benefit. Earned time can be used for a variety of purposes, including a payment in cash at the time of termination. Earned time is available as soon as it is “earned.” The exact number of earned time hours available each year will depend on the years of service to the Town. 2. Employees who are employed in a full time position are covered by earned time. The accrual rates are as follows: 3. For the purposes of the earned time benefit, years of service will be calculated from the initial date of employment. Employees may accumulate earned time based on regularly scheduled hours worked or in pay status up to those hours budgeted for the position (other non-status hours worked in supplemental compensation such as overtime are excluded) and on years of service to the Town. 4. Excess of 672 hours may, at the employee option, be purchased by the Town at a rate of one earned hour for one hour’s pay. An employee interested in selling accrued earned time in excess of 672 hours shall notify the Fire Chief in writing prior to December 1, March 1, or September 1 of their intent to sell the excess hours. The date of purchase will be the third second payday in January for the excess as of December 31st. For written notices received on or before March 1st, the date of purchase will be the third second payday in April for the excess as of March 31st. For written notices received on or before September 1st, the date of purchase will be the third second payday in October for the excess of September 30th31st. 5. Accrual limits shall be: 1344 hours.

Earned Time. 1. Earned time is an alternative approach to the traditional manner of covering absence for vacation, personal days, maternity leave, military leave, and sick leave. Instead of dividing benefits into a specific number of days for each benefit, earned time puts these days together into a single benefit. Earned time can be used for a variety of purposes, including a payment in cash at the time of termination. Earned time is available as soon as it is “earned.” The exact number of earned time hours available each year will depend on the years of service to the Town. 2. Employees who are employed in a full time position are covered by earned time. The accrual rates are as follows:: Years of Service Per Month Hours Annual hours 0 thru 6 yrs 22 264 After 7 thru 11 yrs 26 312 After 12 thru 15 yrs 30 360 After 16 thru 20 yrs 34 408 After 21 thru 24 yrs 38 456 25 and above 42 504 3. For the purposes of the earned time benefit, years of service will be calculated from the initial date of employment. Employees may accumulate earned time based on regularly scheduled hours worked or in pay status up to those hours budgeted for the position (other non-status hours worked in supplemental compensation such as overtime are excluded) and on years of service to the Town. 4. Excess of 672 hours may, at the employee option, be purchased by the Town at a rate of one (1) earned hour for one hour’s (1) hour of pay. An employee interested in selling accrued earned time in excess of 672 hours shall notify the Fire Chief in writing prior to December 1, March 1, or September 1 of their intent to sell the excess hours. The For written notices received on or before December 1st, the date of purchase will be the third payday in January for the excess as of December 31st. For written notices received on or before March 1st, the date of purchase will be the third payday in April for the excess as of March 31st. For written notices received on or before September 1st, the date of purchase will be the third payday in October for the excess of September 30th. 5. Accrual limits shall be: be 1344 hours.