Vacation Bank Option Sample Clauses

Vacation Bank Option. Employees may elect to place up to 24 of the 48 buy back hours referenced in Article 11.6 into a separate paid leave bank. Vacation placed in this bank may be used in less than 24 hour increments but no less than four (4) hour blocks. Requests for vacation from this bank shall be submitted no more than 14 days in advance of the date requested, and shall be granted only when the request for vacation bank time does not result in the need for overtime. Approved vacation bank requests shall not be cancelled if unexpected staffing shortages occur (i.e., someone unexpectedly calls in sick) that results in the need for overtime to be worked. Requests for time from this bank will be honored on a first-come, first-served basis. If this bank of time is not used by the end of the year it shall be cashed out as provided for in the provisions of Article 11.6.
Sample 1
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Related to Vacation Bank Option

  • Vacation Bank Vacation entitlement is determined by Article 13. For the purposes of Article 13, hours worked or credited as paid leave will be based on an accelerated rate of 1.25 hours credit for each hour worked. Mechanism for the vacation bank is determined by current local practices. Drawing from the vacation bank will occur at an accelerated rate of 1.25 paid hours for every hour taken as vacation (i.e. 11.25 hours worked equals 14.05 hours paid; 7.5 hours worked equals 9.375 hours paid). Vacation must be taken as a full weekend off (i.e. Saturday and Sunday). The maximum number of weekends off cannot exceed the week entitlement level determined by Article 13. Single vacation days may be taken on weekdays, which need not be in conjunction with the Saturday and Sunday. Vacation – Interruption does not apply.

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  • Compensation for Unused Sick Leave 1. Employees who enter County service after July 1, 1979, shall not be eligible for compensation for any of their unused sick leave credits.

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  • Vacation Leave on Retirement ‌ An employee scheduled to retire and to receive pension benefits under the Public Service Pension Plan Rules or who has reached the mandatory retiring age, shall be granted full vacation entitlement for the final calendar year of service.

  • Vacation Credit Any outstanding vacation entitlement for a person going on LTD will be paid in cash upon expiry of sick leave. The cash payment will be calculated on the base earnings at the expiration of sick leave for the prorated days of vacation entitlement, any outstanding lieu days, any outstanding floating statutory holidays, and banked time for 40-hour per week employees. No vacation entitlement, floating holidays, or banked time for 40-hour per week employees accrues while a member is in receipt of LTD benefits.

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  • Sick Leave Bank Committee The Committee shall be appointed by the BTU-ESP for the purpose of administering the Sick Leave Bank. The Committee shall:

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