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LETTER OF UNDERSTANDING

BANKING OF VACATION/VACATION OVERTIME CREDITS

 

This will serve to confirm our agreement during negotiations in regards to the banking of vacation credits and the banking of vacation overtime credits as follows:

1. Employees shall be allowed to bank up to five (5) days of vacation credits or up to five (5) days of vacation overtime credits in a vacation year.

2. Employees age fifty-one (51) and over shall be allowed to bank up to ten (10) days of vacation creditsor up to ten (10) days of vacation overtime credits in a vacation year.

In any event, the maximum combined total of vacation/vacation overtime credits any employee can bank is fifty (50) days.


 

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