Common use of Holiday Credit Clause in Contracts

Holiday Credit. a. Holiday credit will be used and scheduled by the employee in the same manner as vacation leave in Article 11. Holiday credit must be used before vacation leave unless doing so would cause the employee to exceed the two hundred forty (240) hour vacation leave accrual limit. b. Holiday Credit Cash Out. All holiday credit must be used by June 30th of each year. The employee’s holiday credit balance will be cashed out every June 30th or when the employee leaves University employment for any reason. The employee’s holiday credit balance may be cashed out when the employee: i. Transfers to a position in their department with different funding sources or, ii. Transfers to a position in another department.

Holiday Credit. a. Holiday credit will be used and scheduled by the employee in the same manner as vacation leave time off in Article 11. Holiday credit must be used before vacation leave unless doing so would cause the employee to exceed the two hundred forty (240) hour vacation leave time off accrual limit. b. Holiday Credit Cash Out. All holiday credit must be used by June 30th of each year. The employee’s holiday credit balance will be cashed out every June 30th or when the employee leaves University employment for any reason. The employee’s holiday credit balance may be cashed out when the employee: i. Transfers to a position in their department with different funding sources or, ii. Transfers to a position in another department.

Holiday Credit. a. 5 A. Holiday credit will be used and scheduled by the employee in the same 6 manner as vacation leave in Article 11time off. Holiday credit must be used before vacation leave time 7 off unless doing so would cause the employee to exceed the two hundred forty 8 (240) hour vacation leave time off accrual limit. b. 10 B. Holiday Credit Cash Out. : 11 All holiday credit must be used by June 30th of each year. The employee’s holiday 12 credit balance will be cashed out every June 30th or when the employee leaves 13 University employment for any reason. The employee’s holiday credit balance 14 may be cashed out when the employee: i. 15 1. Transfers to a position in their department with different funding sources or, ii, 16 2. Transfers to a position in another department.

Holiday Credit. a. 13 A. Holiday credit will be used and scheduled by the employee in the same manner 14 as vacation leave time off in Article 1117. Holiday credit must be used before vacation leave 15 time off unless doing so would cause the employee to exceed the two hundred 16 forty eighty (240240280) hour vacation leave time off accrual limit. b. 17 B. Holiday Credit Cash Out. All holiday credit must be used by June 30th of each 18 year. The employee’s holiday credit balance will be cashed out every June 30th 19 or when the employee leaves University employment for any reason. The 20 employee’s holiday credit balance may be cashed out when the employee: i. 21 1. Transfers to a position in their department with different funding sources 22 or, ii, 23 2. Transfers to a position in another department.