Full Benefit Option to Modified Benefit Option Sample Clauses

Full Benefit Option to Modified Benefit Option. Employees who convert from the full benefit option to the MBO shall carry over and may utilize their existing annual and sick leave balances; provided, however, that the employee shall no longer accrue annual and sick leave after converting to the MBO. After converting to the MBO the employee shall be immediately eligible to accrue PTO; however, the employee’s combined annual and PTO balance shall not exceed the applicable caps established in the chart above. For example, if an employee with a length of service of 80 pay periods carries over 210 annual leave hours, the employee shall only be eligible to accrue up to 213 PTO hours. If such employee then uses some annual leave or PTO, the employee shall be eligible to accrue additional PTO hours, not to exceed the applicable PTO cap. However, an employee with a previously approved waiver of the maximum allowed unused annual leave balance as provided in the Annual Leave section of the Leave Provisions Article may temporarily exceed the caps in the chart above. An employee who carries over annual leave hours shall be eligible to accrue the maximum amount of PTO once the employee has exhausted all of his/her carried over annual leave hours.
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Full Benefit Option to Modified Benefit Option. Employees who convert from the full benefit option to the MBO shall carry over and may utilize their existing vacation, holiday, and sick leave balances; provided, however, that the employee shall no longer accrue vacation, holiday, and sick leave after converting to the MBO. After converting to the MBO the employee shall be immediately eligible to accrue PTO; however, the employee’s combined Vacation and PTO balance shall not exceed the applicable caps established in the chart above. For example, if an employee with less than 10,400 service hours and in a classification that is regularly scheduled to work holidays carries over 200 Vacation Leave hours the employee shall only be eligible to accrue up to 120 PTO hours. If such employee then uses some Vacation Leave or PTO, the employee shall be eligible to accrue additional PTO hours, not to exceed the applicable cap. However, an employee with a previously approved waiver of the maximum allowed unused vacation balance as provided in the Vacation Leave section of the Leave Provisions Article may temporarily exceed the caps in the chart above. An employee who carries over Vacation Leave hours shall be eligible to accrue the maximum amount of PTO once the employee has exhausted all of his/her carried over Vacation Leave hours.
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Full Benefit Option to Modified Benefit Option. Employees who go from the full benefit option to a Modified Benefit Option shall carry over and may utilize their existing vacation, holiday, and sick leave balances; provided, however, that the employee shall no longer accrue vacation, holiday, and sick leave after converting to the Modified Benefit Option. After converting to the Modified Benefit Option the employee shall be immediately eligible to accrue PTO; however, the employee’s combined Vacation, Holiday Leave, and PTO balance shall not exceed the applicable cap established in the chart above. For example, if an employee with less than 10,400 service hours carries over 200 Vacation Leave hours and 100 Holiday Leave hours, the employee shall only be eligible to accrue up to 20 PTO hours. If such employee uses Vacation or Holiday Leave then the employee shall be eligible to accrue additional PTO hours, the combined total of such PTO, Vacation Leave, and Holiday Leave hours may not exceed the established caps. For example, an employee with less than 10,400 service hours carries over 150 Vacation Leave hours, 100 Holiday Leave hours, and then accrues 70 PTO hours. The employee then uses 40 Vacation Leave hours. The employee shall be eligible to accrue 40 additional PTO hours, which would leave the employee with a balance of 110 Vacation Leave hours, 100 Holiday Leave hours, and 110 PTO hours, the combined total of which is at the employee’s maximum cap of 320 combined PTO, Holiday, and Vacation Leave hours. An employee who carries over Vacation and/or Holiday Leave hours shall be eligible to accrue the maximum amount of PTO (i.e., either 270 or 324 hours) once the employee has exhausted all of his/her carried over Vacation and/or Holiday Leave hours.
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Full Benefit Option to Modified Benefit Option. Employees who convert from the full benefit option to the MBO shall carry over and may utilize their existing vacation, holiday, and sick leave balances, provided however, that the employee shall no longer accrue vacation, holiday, and sick leave after converting to the MBO, except as provided in Section 3(f)(2).
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Related to Full Benefit Option to Modified Benefit Option

  • Benefit Options Employees must elect a plan administrator and primary care clinic. Those elections will determine the Benefit Level through Advantage. Enrolled dependents must elect a primary care clinic that is available through the plan administrator chosen by the employee.

  • Effective Date of Benefit Termination Medical, dental and life coverage termination will take effect on the first of the month following the loss of eligible employee or dependent status. Disability benefit coverage terminations will take effect on the day following loss of eligible employee status.

  • Employer Compensation Upon Separation An Employee, upon her separation from employment, shall compensate the Employer for vacation which was taken but to which she was not entitled.

  • DEFINITION OF EMPLOYEE STATUS AND BENEFIT ENTITLEMENT For the purpose of this Article “regularly scheduled” means any combination of shifts scheduled in advance and issued by the Employer. (Reference Article 25.04 – Posting of Work Schedules) Employees at the commencement of their employment and at all times shall be kept advised by their Employer into which employee status they belong.

  • Special Maternity Allowance for Totally Disabled Employees (a) An employee who:

  • Employment Option If the State determines that it would be in the State’s best interest to hire an employee of the Contractor, the Contractor will release the selected employee from any non-competition agreements that may be in effect. This release will be at no cost to the State or the employee.

  • Accrued Benefits The term "Accrued Benefits" shall include the following amounts, payable as described herein: (i) all base salary for the time period ending with the Termination Date; (ii) reimbursement for any and all monies advanced in connection with the Executive's employment for reasonable and necessary expenses incurred by the Executive on behalf of the Company and its Affiliates for the time period ending with the Termination Date; (iii) any and all other cash earned through the Termination Date and deferred at the election of the Executive or pursuant to any deferred compensation plan then in effect; (iv) notwithstanding any provision of any bonus or incentive compensation plan applicable to the Executive, a lump sum amount, in cash, equal to the sum of (A) any bonus or incentive compensation that has been allocated or awarded to the Executive for a fiscal year or other measuring period under the plan that ends prior to the Termination Date but has not yet been paid (pursuant to Section 5(f) or otherwise) and (B) a pro rata portion to the Termination Date of the aggregate value of all contingent bonus or incentive compensation awards to the Executive for all uncompleted periods under the plan calculated as to each such award as if the Goals with respect to such bonus or incentive compensation award had been attained; and (v) all other payments and benefits to which the Executive (or in the event of the Executive's death, the Executive's surviving spouse or other beneficiary) may be entitled as compensatory fringe benefits or under the terms of any benefit plan of the Employer, including severance payments under the Employer's severance policies and practices in the form most favorable to the Executive that were in effect at any time during the 180-day period prior to the Effective Date. Payment of Accrued Benefits shall be made promptly in accordance with the Employer's prevailing practice with respect to clauses (i) and (ii) or, with respect to clauses (iii), (iv) and (v), pursuant to the terms of the benefit plan or practice establishing such benefits.

  • Covered Benefits Benefits for Bone Mass Measurement for the prevention, diagnosis, and treatment of osteoporosis are covered when requested by a Health Care Provider for a Qualified Individual.

  • Requiring Minimum Compensation for Covered Employees a. Contractor agrees to comply fully with and be bound by all of the provisions of the Minimum Compensation Ordinance (MCO), as set forth in San Francisco Administrative Code Chapter 12P (Chapter 12P), including the remedies provided, and implementing guidelines and rules. The provisions of Sections 12P.5 and 12P.5.1 of Chapter 12P are incorporated herein by reference and made a part of this Agreement as though fully set forth. The text of the MCO is available on the web at xxx.xxxxx.xxx/xxxx/xxx. A partial listing of some of Contractor's obligations under the MCO is set forth in this Section. Contractor is required to comply with all the provisions of the MCO, irrespective of the listing of obligations in this Section.

  • Benefit Termination Any employee terminating employment shall be entitled to receive the District insurance contribution for the remainder of the calendar month in which the contribution is effective. In cases where separation occurs after completion of the employee’s full contract obligation (i.e. the end of the school/work year), benefit coverage will continue through August 31 of that year.

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