Common use of – LONGEVITY VACATION OR PAY Clause in Contracts

– LONGEVITY VACATION OR PAY. All employees upon completion of ten (10) years of service with the Employer, shall become eligible for a total of five (5) longevity vacation days (forty [40] hours) on their anniversary date. Employees will then be given the option to keep, receive cash payment for or convert the time off to investment in the ICMA Deferred Compensation Program or ICMA Xxxx XXX or a combination of these choices for these five (5) longevity vacation days. The investment option will be net of any applicable payroll tax (i.e., Medicare). In addition, the employee investment shall not be eligible for an employer match. Cash payment shall be at the regular rate of pay. Furthermore, all employees, upon completion of fifteen (15) years of service with the Employer, shall become eligible for an additional five (5) longevity vacation days for a total of ten (10) longevity vacation days (eighty [80] hours) on their anniversary date. Employees will then be given the option to keep, receive cash payment or convert the time off to investment in the ICMA Deferred Compensation Program or ICMA Xxxx XXX or a combination of these choices for these ten (10) longevity vacation days. The investment option will be net of any applicable payroll tax (i.e. Medicare). In addition, the employee contribution shall not be eligible for an employer match. Cash payment shall be at the regular rate of pay. Longevity vacation shall not be cumulative from year to year. Employees will be provided with a selection form each year in order to advise the Human Resources Director of their option. Cash payment will be made on the first pay period beginning after the anniversary date. Employees will be eligible each year for the above days beginning with their 10 year anniversary date and will schedule the additional days as outlined in Section 22.5 above. Effective January 1, 1996, employees with 20 years of service will be granted eight (8) hours, being one (1) additional vacation day.

Appears in 2 contracts

Samples: Agreement, www.porthuron.org

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– LONGEVITY VACATION OR PAY. All employees employees, upon completion of ten (10) years of service with the Employer, shall become eligible for a total of five (5) longevity vacation days (forty [40] hours) on their anniversary date. Employees will then be given the option to keep, receive cash payment for or convert the time off to investment in the ICMA Deferred Compensation Program or ICMA Xxxx XXX or a combination of these choices for these five (5) longevity vacation days. The investment option will be net of any applicable payroll tax (i.e., Medicare). In addition, the employee investment shall not be eligible for an employer match. Cash payment shall be at the regular rate of pay. Furthermore, all employees, upon completion of fifteen (15) years of service with the Employer, shall become eligible for an additional five (5) longevity vacation days for a total of ten (10) longevity vacation days (eighty [80] hours) on their anniversary date. Employees will then be given the option to keep, receive cash payment for or convert the time off to investment in the ICMA Deferred Compensation Program or ICMA Xxxx XXX or a combination of these choices for these ten (10) longevity vacation days. The investment option will be net of any applicable payroll tax (i.e. Medicare). In addition, the employee contribution investment shall not be eligible for an employer match. Cash payment shall be at the regular rate of pay. Longevity vacation shall not be cumulative from year to year. Employees will be provided with a selection form each year in order to advise the Human Resources Director of their option. Cash payment and/or investment will be made on the first pay period beginning after the anniversary date. Employees When terminating employment, the employee will not be allowed to sell back vacation days in excess of 46 days, to include longevity pay. Human Resources will calculate estimated final vacation and longevity days to be used based on the prospective separation date. The employee will be responsible to utilize excess vacation and longevity days that exceed the 46 day maximum. The employer will work with the employee to accommodate use of these excess days. Employees would be eligible each year in subsequent years for the above days beginning with after their 10 year anniversary date and will schedule the additional days as outlined in Section 22.5 18.5 above. Effective January 1, 1996, employees with 20 years of service will be granted eight (8) hours, being one (1) additional vacation dayday on their anniversary date. Note: Employees working eight (8) hour shifts, with 20 years of service, will be given one, eight (8) hour, vacation day on their anniversary date. Employees working twelve (12) hour shifts, with 20 years of service, will be given one, twelve (12) hour, vacation day on their anniversary date.

Appears in 2 contracts

Samples: Agreement, www.porthuron.org

– LONGEVITY VACATION OR PAY. All employees upon completion of ten (10) years of service with the Employer, shall become eligible for a total of five (5) longevity vacation days (forty [40] hours) longevity vacation hours on their anniversary date. Employees will then be given the option to keep, receive cash payment for or convert the time off to investment in the ICMA Mission Square (formerly ICMA) Deferred Compensation Program or ICMA Mission Square (formerly ICMA) Xxxx XXX or a combination of these choices for these five (5) forty [40] longevity vacation dayshours. The investment option will be net of any applicable payroll tax (i.e., Medicare). In addition, the employee investment shall not be eligible for an employer match. Cash payment shall be at the regular rate of pay. Furthermore, all employees, upon completion of fifteen (15) years of service with the Employer, shall become eligible for an additional five (5) forty [40] longevity vacation days hours for a total of ten (10) longevity vacation days (eighty [80] hours) longevity vacation hours on their anniversary date. Employees will then be given the option to keep, receive cash payment or convert the time off to investment in the ICMA Mission Square (formerly ICMA) Deferred Compensation Program or ICMA Mission Square (formerly ICMA) Xxxx XXX or a combination of these choices for these ten (10) eighty [80] longevity vacation dayshours. The investment option will be net of any applicable payroll tax (i.e. Medicare). In addition, the employee contribution shall not be eligible for an employer match. Cash payment shall be at the regular rate of pay. Longevity vacation shall not be cumulative from year to year. Employees will be provided with a selection form each year in order to advise the Human Resources Director of their option. Cash payment will be made on the first pay period beginning after the anniversary date. Employees will be eligible each year for the above days beginning with their 10 year anniversary date and will schedule the additional days as outlined in Section 22.5 above. Effective January 1, 1996, employees with 20 years of service will be granted eight (8) hours, being one (1) an additional vacation day.eight

Appears in 1 contract

Samples: cms9files.revize.com

– LONGEVITY VACATION OR PAY. All employees employees, upon completion of ten (10) years of service with the Employer, shall become eligible for a total of five forty (540) longevity vacation days (forty [40] hours) hours on their anniversary date. Employees will then be given the option to keep, receive cash payment for or convert the time off to investment in the ICMA Mission Square (formerly ICMA) Deferred Compensation Program or ICMA Mission Square (formerly ICMA) Xxxx XXX or a combination of these choices for these five forty (540) longevity vacation dayshours. The This investment option will be net of any applicable payroll tax (i.e., i.e. Medicare). In addition, the employee investment shall not be eligible for an employer match. Cash payment shall be at the regular rate of pay. Furthermore, all employees, upon completion of fifteen (15) years of service with the Employer, shall become eligible for an additional five forty (540) longevity vacation days hours for a total of ten eighty (1080) longevity vacation days (eighty [80] hours) hours on their anniversary date. Employees will then be given the option to keep, receive cash payment for or convert the time off to investment in the ICMA Mission Square (formerly ICMA) Deferred Compensation Program or ICMA Mission Square (formerly ICMA) Xxxx XXX or a combination of these choices for these ten eighty (1080) longevity vacation dayshours. The This investment option will be net of any applicable payroll tax (i.e. Medicare). In addition, the employee contribution shall not be eligible for an employer match. Cash payment shall be at the regular rate of pay. Longevity vacation shall not be cumulative from year to year. Employees will be provided with a selection form each year in order to advise the Human Resources Director of their option. Cash payment and/or investment will be made on the first pay period beginning after the anniversary date. Employees will be eligible each year for the above days beginning with their 10 ten (10) year anniversary date and will schedule the additional days as outlined in Section 22.5 above3-3.3. Effective January 1, 1996, employees with 20 years of service will be granted Any excess days beyond the two hundred eighty-eight (8) hours, being 288) hours authorized accumulation caused as a result of longevity vacation may only be carried over to the employee's next anniversary date. SECTION 3-3.3 – SCHEDULE Vacation leave for employees should be scheduled in weekly periods. Vacation leave for periods less than one (1) additional week will be allowed only when it is necessary for the good of the service and when approved by the Department Head. At the discretion of the Department Head, vacation dayleave may be utilized in one (1) hour increments. To avoid scheduling conflicts, requests for vacation days should be submitted at least 48 hours in advance. Due regard will be given to employee desires regarding vacation time.

Appears in 1 contract

Samples: Agreement

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– LONGEVITY VACATION OR PAY. All employees employees, upon completion of ten (10) years of service with the Employer, shall become eligible for a total of five (5) longevity vacation days (forty [40] hours) longevity vacation hours on their anniversary date. Employees will then be given the option to keep, receive cash payment for or convert the time off to investment in the ICMA Mission Square (formerly ICMA) Deferred Compensation Program or ICMA Mission Square (formerly ICMA) Xxxx XXX or a combination of these choices for these five (5) forty [40] longevity vacation dayshours. The investment option will be net of any applicable payroll tax (i.e., Medicare). In addition, the employee investment shall not be eligible for an employer match. Cash payment shall be at the regular rate of pay. Furthermore, all employees, upon completion of fifteen (15) years of service with the Employer, shall become eligible for an additional five (5) longevity vacation days for a total of ten (10) longevity vacation days (eighty [80] hours) longevity vacation hours on their anniversary date. Employees will then be given the option to keep, receive cash payment for or convert the time off to investment in the ICMA Mission Square (formerly ICMA) Deferred Compensation Program or ICMA Mission Square (formerly ICMA) Xxxx XXX or a combination of these choices for these ten (10) eighty [80] longevity vacation dayshours. The investment option will be net of any applicable payroll tax (i.e. Medicare). In addition, the employee contribution shall not be eligible for an employer match. Cash payment shall be at the regular rate of pay. Longevity vacation shall not be cumulative from year to year. Employees will be provided with a selection form each year in order to advise the Human Resources Director of their option. Cash payment and/or investment will be made on the first pay period beginning after the anniversary date. Employees When terminating employment, the employee will not be allowed to sell back vacation days in excess of four hundred sixteen (416) hours, to include longevity pay. Human Resources will calculate estimated final vacation and longevity days to be used based on the prospective separation date. The employee will be responsible to utilize excess vacation and longevity days that exceed the four hundred sixteen (416) hour maximum. The employer will work with the employee to accommodate use of these excess days. Employees would be eligible each year in subsequent years for the above days beginning with after their 10 year anniversary date and will schedule the additional days as outlined in Section 22.5 18.5 above. Effective January 1, 1996, employees Employees with 20 years of service will be granted eight (8) hours, being one (1) additional vacation dayday on their anniversary date. Note: Employees working eight (8) or ten (10) hour shifts, with 20 years of service, will be given eight (8) hours on their anniversary date. Employees working twelve (12) hour shifts, with 20 years of service, will be given twelve (12) hours on their anniversary date.

Appears in 1 contract

Samples: Agreement

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