Common use of Payment of Accumulated Compensatory Time Clause in Contracts

Payment of Accumulated Compensatory Time. When an employee is promoted to the rank of lieutenant or above, the Employer, in its sole discretion, may liquidate all or any portion of the employee’s entire compensatory time bank by paying the employee such hours at their current hourly rate (the rate in effect immediately prior to the promotion). When an employee separates from service, the Employer shall liquidate all of the employee’s entire compensatory time bank by paying the employee for such hours at their current hourly rate (the rate in effect immediately prior to separation).

Payment of Accumulated Compensatory Time. When an employee is promoted to the rank of lieutenant or above, the Employer, in its sole discretion, may liquidate all or any portion of the employee’s entire compensatory time bank by paying the employee such hours at their his/her current hourly rate (the rate in effect immediately prior to the promotion). When an employee separates from service, the Employer shall liquidate all of the employee’s entire compensatory time bank by paying the employee for such hours at their his/her current hourly rate (the rate in effect immediately prior to separation).

Payment of Accumulated Compensatory Time. ‌ When an employee is promoted to the rank of lieutenant or above, the Employer, in its sole discretion, may liquidate all or any portion of the employee’s entire compensatory time bank by paying the employee such hours at their current hourly rate (the rate in effect immediately prior to the promotion). When an employee separates from service, the Employer shall liquidate all of the employee’s entire compensatory time bank by paying the employee for such hours at their current hourly rate (the rate in effect immediately prior to separation).