Common use of Year End Election Clause in Contracts

Year End Election. An employee who has accumulated compensatory leave credits during the course of the year must make an election before the end of the last pay period in December for the disposition of those accumulated credits, utilizing one of the following options: i) compensation in the form of cash ii) leave

Year End Election. An employee who has accumulated compensatory leave credits during the course of the year must make an election before the end of the last pay period in December for the disposition of those accumulated credits, utilizing one of the following options: i) compensation in the form of cash ii) leave iii) carryover of credits When an employee fails to exercise one of the options, the compensatory leave credits shall automatically be paid for in theform of cash.

Year End Election. An employee who has accumulated compensatory leave credits during the course of the year must make an election before the end of the last pay period in December for the disposition of those accumulated credits, utilizing one of the following options: i) : compensation in the form of cash ii) leaveleave carryover of credits When an employee fails to exercise one of the options, the compensatory leave credits shall automatically be paid for in the form of cash.

Year End Election. An employee who has accumulated compensatory leave credits during the course of the year must make an election before the end of the last pay period in December for the disposition of those accumulated credits, utilizing one of the following options: i) compensation in the form of cash ii) leave iii) carryover of credits When an employee fails to exercise one of the options, the compensatory leave credits shall automatically be paid for in the form of cash.