Holiday Credit Accumulation Sample Clauses

Holiday Credit Accumulation. Employees may accumulate holiday credit up to a maximum of eighty (80) hours. All accrued holiday time in excess of eighty (80) hours in any bi-weekly pay period shall be paid to the employee at their straight-time hourly rate. Holiday credit may be taken by the employee at the discretion of the Department Head. Employees may use up to forty (40) hours of holiday accrual in conjunction with a scheduled vacation with the approval of the Department Head.
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Holiday Credit Accumulation. (1) Employees may accumulate holiday credit up to a maximum of eighty (80) hours in a calendar year. Employees may not carry over more than eight (8) hours of holiday credit from one calendar year to the next. Any hours in excess of eight (8) not used by November 1 of the current year will be paid to the employee at his/her straight‐time rate on the first full pay period of December in the same calendar year. In the event it is not feasible or is impracticable to schedule an employee to use holiday credit prior to the end of the calendar year, the Library Director or designee may consider exceptions to this provision. (2) To be eligible for holiday pay, employees shall be in paid status the last scheduled workday before and the first scheduled workday after the recognized holiday. The Library shall not schedule unpaid suspensions for the purpose of disqualifying employees for eligibility for holiday pay. (3) Holiday Credit Earned (HCE) is based on the employee’s full‐time equivalent (FTE) (ex. 1 FTE (8 hours) earns 8 hours holiday credit and 0.5 FTE (4 hours) earns 4 hours holiday credit).
Holiday Credit Accumulation. The maximum holiday credit accumulation is fifty-six (56 hours). Any amount over fifty-six (56) hours shall be paid to the employee at their straight-time hourly rate of pay. Holiday credit may be taken by the employee at the discretion of the Department Head.

Related to Holiday Credit Accumulation

  • Vacation Accumulation (a) Vacations are not cumulative from year to year. (b) Notwithstanding the above, the Employer may grant a special request from an employee to carryover a maximum of five (5) vacation days into the next year. The employee shall specify in her request to the Employer the purpose for which she is seeking the carryover. (c) During the first year of employment, a full time employee with at least six

  • Maximum Accumulation An employee may accumulate earned leave, excluding the separate vacation balance, if any, to a maximum of twice their annual time management accumulation. As of the end of the pay period in which March 31 falls in each year, any employee credited with accrued leave greater than twice their annual leave accumulation shall forfeit that amount above their maximum accumulation. An employee who has acquired the maximum allowable accumulation of earned leave may continue to accumulate earned leave for the balance of the year in which the maximum accrual was reached, provided, however, that the employee must reduce the accumulation to the maximum allowable prior to the following March 31 or forfeit the excess.

  • Sick Leave Accumulation (a) An employee is eligible to accumulate sick leave with full pay at the rate of 16 working hours for each 173 1/3 hours of service. (b) The maximum number of days of sick leave which may be awarded to an employee during any consecutive twenty (20) year period of service shall not exceed 3840 hours.

  • Vacation Leave Accrual Rate Schedule Full Years of Service Hours Per Year

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