Common use of ELIGIBILITY FOR FLOATING HOLIDAY LEAVE Clause in Contracts

ELIGIBILITY FOR FLOATING HOLIDAY LEAVE. 1. Full-time benefited unit employees and RPT unit employees on the payroll as of July 1 of each fiscal year shall receive a bank of floating holiday leave hours as set forth above, which may be utilized on or after the first full pay period that begins after July 1st of each fiscal year, and will appear on the paycheck for the first full pay period which begins after July 1st each fiscal year. 2. Full-time benefited and RPT unit employees, excluding Sanitation employees, hired after July 1st of each fiscal year shall receive pro- rated floating holiday leave time in proportion to the months remaining within the respective fiscal year calculated from the first day of the month following the date of hire divided by twelve, rounded to the nearest hour. For example, an employee hired on October 4th would be prorated 8/12th (November through June, divided by twelve). Each full month is equal to 4 hours of floating holiday leave time based on a forty-eight (48) hour annual accrual, or pro-rated for RPT employees. 3. Full-time benefited Sanitation unit employees, hired after July 1st of each fiscal year shall receive pro-rated accruals for floating holiday leave time in proportion to the months remaining within the respective fiscal year calculated from the first day of the month following the date of hire divided by twelve, rounded to the nearest hour. For example, an employee hired on October 4th would be prorated 8/12th (November through June, divided by twelve). Each full month is equal to 3.33hours of floating holiday leave time based on a forty (40) hour annual accrual. 4. Sanitation RPT employees hired after July 1st of each fiscal year shall receive pro-rated accruals for floating holiday leave time in proportion to the months remaining within the respective fiscal year calculated from the first day of the month following the date of hire divided by twelve, rounded to the nearest hour. For example, an employee hired on October 4th would be prorated 8/12th (November through June, divided by twelve). Each full month is equal to 3.33 hours of floating holiday leave time, based on a forty (40) hour annual accrual rate. 5. Unit employees appointed to classifications covered by this MOU after July 1 of the calendar year shall receive floating holiday leave upon appointment, prorated on the basis of the number of months remaining in the twelve (12) month period (e.g., one-year equals one-half credit) rounded to the nearest whole hour.

Appears in 3 contracts

Samples: Memorandum of Understanding, Memorandum of Understanding, Memorandum of Understanding

AutoNDA by SimpleDocs

ELIGIBILITY FOR FLOATING HOLIDAY LEAVE. 1. Full-time benefited unit employees and RPT unit employees on the payroll as of July 1 of each fiscal year shall receive a bank of floating holiday leave hours as set forth above, which may be utilized on or after the first full pay period that begins after includes July 1st of each fiscal year, and will appear on the paycheck for the first full pay period which begins after includes July 1st each fiscal year. 2. Full-time benefited and RPT unit employees, excluding Sanitation employees, hired after July 1st of each fiscal year shall receive pro- rated floating holiday leave time in proportion to the months time remaining within the respective fiscal year calculated from the first day of the month following the date of hire divided by twelve, rounded to and June 30th of the nearest hour. For example, an employee hired on October 4th would be prorated 8/12th (November through June, divided by twelve)following calendar year. Each full month is equal to 4 hours of floating holiday leave time based on a forty-eight (48) hour annual accrual, or pro-rated for RPT employees. 3. Full-time benefited Sanitation unit employees, hired after July 1st of each fiscal year shall receive pro-rated accruals for floating holiday leave time in proportion to the months time remaining within the respective fiscal year calculated from the first day of the month following the date of hire divided by twelve, rounded to and June 30th of the nearest hour. For example, an employee hired on October 4th would be prorated 8/12th (November through June, divided by twelve)following calendar year. Each full month is equal to 3.33hours of floating holiday leave time based on a forty (40) hour annual accrual. 4. Sanitation RPT employees hired after July 1st of each fiscal year shall receive pro-rated accruals for floating holiday leave time in proportion to the months time remaining within the respective fiscal year calculated from the first day of the month following the date of hire divided by twelve, rounded to and June 30th of the nearest hour. For example, an employee hired on October 4th would be prorated 8/12th (November through June, divided by twelve)following calendar year. Each full month is equal to 3.33 hours of floating holiday leave time, based on a forty (40) hour annual accrual rate. 5. Unit employees appointed to classifications covered by this MOU after July 1 of the calendar year shall receive floating holiday leave upon appointment, prorated on the basis of the number of months remaining in the twelve (12) month period (e.g., one-year equals one-half credit) rounded to the nearest whole hour.

Appears in 1 contract

Samples: Memorandum of Understanding

AutoNDA by SimpleDocs
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!