Annual Leave Cash Out. For the duration of this Agreement, and provided that Bargaining Unit employees are evaluated and compensated consistent with the Leadership Performance Review Program, Bargaining Unit employees have the option to cash-out accrued annual leave up to a maximum gross cash value of $4,000 once annually. Bargaining Unit employees opting to cash-out leave must have utilized at least 80 hours of leave (Annual Leave and/or Job Basis Leave) during the preceding 12 months and retain a balance of at least 40 hours of annual leave following the cash-out. Bargaining Unit employees are only eligible for the current Annual Leave Cash-out policy, and may not participate in either that Educational Expense and/or the Computer Purchase Annual Leave cash-out.
Appears in 4 contracts
Samples: Collective Bargaining Agreement, Collective Bargaining Agreement, Collective Bargaining Agreement
