Common use of Annual Leave Cash Out Clause in Contracts

Annual Leave Cash Out. Employees covered under this Agreement shall have the opportunity to cash out Annual Leave twice per fiscal year, once in November and once in May, up to (40) hours per instance, so long as after cash out they have a remaining balance that is greater or equal to two hundred (200) hours of banked Annual Leave. 11.2.5.1 Upon separation from State service, an employee will be compensated in a lump sum payment for any accrued but unused Annual Leave hours earned through the last day worked, provided the employee has six (6) months of continuous full- time service. 11.2.5.2 Upon the death of an employee in State service, the employee’s estate will be compensated in a lump sum payment for any accrued but unused Annual Leave hours in the employee’s Annual Leave bank.

Appears in 3 contracts

Samples: Collective Bargaining Agreement, Collective Bargaining Agreement, Collective Bargaining Agreement

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Annual Leave Cash Out. 10.2.6.1 Employees covered under this Agreement shall have the opportunity to cash out Annual Leave twice per fiscal year, once in November and once in May, up to forty (40) hours per instance, so long as after cash out they have a remaining balance that is greater than or equal to two hundred (200) hours of banked Annual Leave. 11.2.5.1 10.2.6.2 Upon separation from State service, excluding termination for just cause, an employee will be compensated in a lump sum payment for any accrued but unused Annual Leave hours earned through the last day worked, provided the employee has six (6) months of continuous full- full-time service. 11.2.5.2 10.2.6.3 Upon the death of an employee in State service, the employee’s estate will be compensated in a lump sum payment for any accrued but unused Annual Leave hours in the employee’s Annual Leave bank.

Appears in 2 contracts

Samples: Collective Bargaining Agreement, Collective Bargaining Agreement

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Annual Leave Cash Out. 11.2.5.1 Employees covered under this Agreement shall have the opportunity to cash out Annual Leave twice per fiscal year, once in November and once in May, up to forty (40) hours per instance, so long as after cash out they have a remaining balance that is greater or equal to two hundred (200) hours of banked Annual Leave. 11.2.5.1 11.2.5.2 Upon separation from State service, excluding dismissal for just cause, an employee will be compensated in a lump sum payment for any accrued but unused Annual Leave hours earned through the last day worked, provided the employee has six (6) months of continuous full- full-time service. 11.2.5.2 11.2.5.3 Upon the death of an employee in State service, the employee’s 's estate will be compensated in a lump sum payment for any accrued but unused Annual Leave hours in the employee’s 's Annual Leave bank.

Appears in 2 contracts

Samples: Collective Bargaining Agreement, Collective Bargaining Agreement

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