Holiday Pay Option Sample Clauses

Holiday Pay Option. In June of each year, and in lieu of time off for accrued holiday hours, the City will buy back from each employee a maximum of 30 holiday hours. All other holiday hours accrued shall be used in the fiscal year earned. Time off for accrued holiday leave shall be granted at the discretion of the concerned department head. Holiday leave not used or sold back to the City in the year it is earned will be forfeited.
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Holiday Pay Option. On the last day of last full pay period in June of each year, and in lieu of time off for accrued holiday hours, the City will buy back from each shift employee up to 78.65 accrued holiday hours from the holiday accrued bank at the employee’s hourly rate of pay in effect at the time of the buyback. In addition, each employee may request payment for the remaining holiday accrual balance, up to 78.65 holiday hours, at the discretion of the City Manager. Time off for accrued holiday leave shall be granted at the discretion of the department head. Holiday leave not used or sold back to the City in the year it is earned will be forfeited.
Holiday Pay Option 

Related to Holiday Pay Option

  • Holiday Pay A. On each of the holidays designated above, each full-time employee scheduled to work but permitted to take the day off shall receive pay computed at the employee's basic hourly rate for the number of hours the employee was regularly scheduled to work.

  • Paid Holiday Pay Payment for holidays will be made at an employee’s basic pay, except if an employee has been working in a higher paid position than her regular position for a majority of the sixty (60) working days preceding her holiday, in which case she shall receive the higher pay.

  • Holiday Pay Eligibility ‌ In order to be eligible for holiday pay, an employee must be in a pay status on the last regularly scheduled working day immediately before or on the first regularly scheduled day immediately after the holiday (§ 2-18-603, Mont. Code Xxx.). If a new employee or an employee returning from inactive status or layoff reports to work on a day following the holiday, the employee will not receive compensation for the holiday except as provided for in Section 7.

  • Holiday Premium Pay A Nurse working on a recognized Holiday is entitled to the following compensation for any hours worked on the calendar date of the recognized Holiday:

  • Vacation Pay on Retirement Termination is as follows:

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