Common use of Flex Bank Adjustment Clause in Contracts

Flex Bank Adjustment. Furlough days will be treated as additional Flex Days and added to each member’s Flex Day bank. They will be requested/approved/taken as any other Flex Day. Once added to the Flex Bank, Furlough Days cannot be taken back. On October 1st of each year, members’ Flex Day Banks shall not contain more days than their annual Flex Day allocation (based on their assigned calendar) PLUS any Furlough Days declared during the 1st fiscal quarter (prior to October 1st).

Appears in 3 contracts

Samples: Agreement, Tentative Agreement, Agreement

AutoNDA by SimpleDocs

Flex Bank Adjustment. Furlough days will be treated as additional Flex Days and added to each member’s Flex Day bank. They will be requested/approved/taken as any other Flex Day. Once added to the Flex Bank, Furlough Days cannot be taken back. On October 1st of each year, members’ Flex Day Banks shall not contain more days than their annual Flex Day allocation (based on their assigned calendar) PLUS any Furlough Days declared during the 1st fiscal quarter (prior to October 1st).

Appears in 1 contract

Samples: Agreement

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