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 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 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.
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.
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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