Common use of Future Accruals Clause in Contracts

Future Accruals. An employee may elect to convert up to one hundred and fifty-five (155) hours of accrued holiday leave into a cash payment, at the base rate of pay in effect at the time of the cash-out. Effective June 18, 2022, an employee may elect to convert up to one hundred and sixty-seven (167) hours of accrued holiday leave into a cash payment, at the base rate of pay in effect at the time of the cash-out.

Appears in 2 contracts

Samples: Memorandum of Understanding, Memorandum of Understanding

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Future Accruals. An employee may elect to convert up to one hundred and fifty-five (155) hours of accrued holiday leave into a cash payment, at the base rate of pay in effect at the time of the cash-out. Effective June 18, 2022, an employee may elect to convert up to one hundred and sixty-seven (167) hours of accrued holiday leave into a cash payment, at the base rate of pay in effect at the time of the cash-out.

Appears in 1 contract

Samples: Memorandum of Understanding

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Future Accruals. An employee may elect to convert up to one hundred and fifty-five (155) hours of accrued holiday leave into a cash payment, at the base rate of pay in effect at the time of the cash-out. Effective June 18, 2022, an employee may elect to convert up to one hundred and sixty-seven (167) hours of accrued holiday leave into a cash payment, at the base rate of pay in effect at the time of the cash-out.

Appears in 1 contract

Samples: Memorandum of Understanding

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