Common use of PAYOFF OF UNUSED FLOATING HOLIDAY LEAVE TIME Clause in Contracts

PAYOFF OF UNUSED FLOATING HOLIDAY LEAVE TIME. 1. Floating Holiday Leave Time unused as of the first pay check in July shall be paid to eligible full-time benefited and RPT unit employees, at their base hourly rate which is/was in effect during that pay period. 2. Floating Holiday payoff, at the unit employee’s discretion, may be:  Deposited into the unit employee’s deferred compensation account by prior written notice through the Human Resources Department during open enrollment, or  Donated to the City’s Catastrophic Leave Bank.

PAYOFF OF UNUSED FLOATING HOLIDAY LEAVE TIME. 1. Floating Holiday Leave Time unused as of the first pay check in July period ending on or before June 30th of the prior fiscal year shall be paid to eligible full-time benefited and RPT unit employees, at their base hourly rate which is/was in effect during that pay period. 2. Floating Holiday payoff, at the unit employee’s discretion, may be:  Deposited into the unit employee’s deferred compensation account by prior written notice through the Human Resources Department during open enrollment, or  Donated to the City’s Catastrophic Leave Bank.