Common use of Vacation Conversion to Deferred Compensation Clause in Contracts

Vacation Conversion to Deferred Compensation. Supervisors who are at the maximum of their salary range or who attain the maximum rate of their range no later than June 30 of the fiscal year may convert up to forty (40) hours of vacation leave to deferred compensation. Supervisors must complete the appropriate forms through the employee self-service system no later than June 7 of each year. Supervisors electing to convert vacation leave must have used three (3) hours of vacation in the previous fiscal year for each hour of vacation converted up to forty (40) hours. Supervisors electing the vacation conversion shall not receive the State-paid matching contributions provided in Article 16.

Vacation Conversion to Deferred Compensation. Supervisors who are at the maximum of their salary range or who attain the maximum rate of their range no later than June 30 of the fiscal year may convert up to forty (40) hours of vacation leave to deferred compensation. Supervisors must complete the appropriate forms through the employee self-self- service system no later than June 7 of each year. Supervisors electing to convert vacation leave must have used three (3) hours of vacation in the previous fiscal year for each hour of vacation converted up to forty (40) hours. Supervisors electing the vacation conversion shall not receive the State-paid matching contributions provided in Article 16.

Vacation Conversion to Deferred Compensation. Supervisors Beginning with fiscal year 2007 (July 1, 2006), supervisors who are at the maximum of their salary range or who attain the maximum rate of their range no later than June 30 of the that fiscal year may convert up to forty (40) hours of vacation leave to deferred compensation. Supervisors must complete the appropriate forms through the employee self-service system no later than June 7 of each year. Supervisors electing to convert vacation leave must have used three (3) hours of vacation in the previous fiscal year for each hour of vacation converted up to forty (40) hours. Supervisors electing the vacation conversion shall not receive the State-State paid matching contributions provided in Article 16.

Vacation Conversion to Deferred Compensation. Supervisors who are at the maximum of their salary range or who attain the maximum rate of their range no later than June 30 of the fiscal year may convert up to forty (40) hours of vacation leave to deferred compensation. Supervisors must complete the appropriate forms through the employee self-self- service system no later than June 7 of each year. Supervisors electing to convert vacation leave must have used three (3) hours Effective the first full period after July 1, 2022, supervisors not at the maximum of vacation in their salary range by June 30 of the previous fiscal year for each hour of vacation converted may convert up to forty (40) hourshours of vacation leave to deferred compensation. Supervisors must complete the appropriate forms through employee self-service no later than June 7 of each year. Supervisors electing the vacation conversion shall not receive the State-paid matching contributions provided in Article 16.