Annual Leave Conversion and Cash-In. A. Cash-In 1. All hours of cashable annual leave in excess of 480, unless converted to cashable sick leave under Subsection (B) below, shall be paid to the employee in the next pay period following the last full pay period in September. The employee’s factored rate of pay as of the last day in the last full pay period in September will be utilized for the leave cash-in rate. 2. Subject to the availability of cash and normal budgetary limitations, cash in lieu of accrued cashable annual leave may be obtained twice each calendar year by submitting a request in writing to the employees’ Agency Head provided the employee retains at least eighty (80) hours of annual leave in the employee’s annual leave account following cash payment.
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Samples: Collective Bargaining Agreement
