Common use of Leave Conversion Clause in Contracts

Leave Conversion. For purposes of this agreement, whenever an Employee is transferred from a 40-hour average workweek to a 53-hour average workweek, or back, their accumulated leave will be adjusted using the following formula: π‘΅π’†π’˜ 𝑯𝒐𝒖𝒓𝒔 = (𝑢𝒍𝒅 𝑯𝒐𝒖𝒓𝒔)𝒙 (𝑢𝒍𝒅 𝑹𝒂𝒕𝒆) π‘΅π’†π’˜ 𝑹𝒂𝒕𝒆

Appears in 2 contracts

Samples: dam.assets.ohio.gov, serb.ohio.gov

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Leave Conversion. For purposes of this agreement, whenever an Employee employee is transferred from a 40-hour average workweek to a 53-hour average workweek, or back, their accumulated leave will be adjusted using the following formula: π‘΅π’†π’˜ 𝑯�𝑁𝑒𝑀 π»π‘œπ‘’π‘Ÿπ‘  �𝒖𝒓𝒔 = (𝑢𝒍𝑂𝑙𝑑 π»π‘œπ‘’π‘Ÿπ‘ )π‘₯ οΏ½οΏ½ 𝑯𝒐𝒖𝑂𝑙𝑑 π‘…π‘Žπ‘‘π‘’π’“π’”)𝒙 (�𝑁𝑒𝑀 π‘…π‘Žπ‘‘π‘’οΏ½π’π’… 𝑹𝒂𝒕𝒆) π‘΅π’†π’˜ 𝑹𝒂𝒕𝒆

Appears in 2 contracts

Samples: serb.ohio.gov, serb.ohio.gov

Leave Conversion. For purposes of this agreement, whenever an Employee is transferred from a 40-hour forty (40)-hour average workweek to a 53fifty-hour three (53)-hour average workweek, or back, their accumulated leave will be adjusted using the following formula: π‘΅π’†π’˜ 𝑯𝒐𝒖𝒓𝒔 = (𝑢𝒍𝒅 𝑯𝒐𝒖𝒓𝒔)𝒙 (�𝑂𝑙𝑑 π»π‘œπ‘’π‘Ÿπ‘  π‘₯ 𝑂𝑙𝑑 π‘…π‘Žπ‘‘π‘’ 𝑁𝑒𝑀 π‘…π‘Žπ‘‘π‘’οΏ½π’π’… 𝑹𝒂𝒕𝒆) π‘΅π’†π’˜ 𝑹𝒂𝒕𝒆

Appears in 1 contract

Samples: dam.assets.ohio.gov

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Leave Conversion. For purposes of this agreement, whenever an Employee employee is transferred from a 40-hour average workweek to a 53-hour average workweek, or back, their accumulated leave will be adjusted using the following formula: π‘΅π’†π’˜ 𝑯𝒐𝒖𝒓𝒔 = (𝑢𝒍𝒅 𝑯𝒐𝒖𝒓𝒔)𝒙 (𝑢𝒍𝒅 𝑹𝒂𝒕𝒆) π‘΅π’†π’˜ 𝑹𝒂𝒕𝒆

Appears in 1 contract

Samples: dam.assets.ohio.gov

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