Annual Leave Payoff Provisions Sample Clauses

Annual Leave Payoff Provisions. ‌ A. During each fiscal year, an employee with Annual Leave balances may cash out Annual Leave as follows: 1. An employee who has less than 600 hours of Annual Leave as of the implementation date of this MOU shall be allowed to cash out 60 hours of Annual Leave; an additional 60 hours may be requested, with its payout at the discretion of the Department/Agency Head. 2. An employee who has 600 or more hours of Annual Leave as of the implementation date of this MOU shall be allowed to cash out up to 120 hours of Annual Leave upon his/her request until such time as his/her accumulation is less than 600 hours, at which point cash out procedures will be governed by Section 5. A.1, above. B. An employee separating from County service shall be paid in a lump sum payment from the unused annual leave balances as provided below: Less than 3 years 240 hours maximum paid at 100% 3 but less than 10 years 320 hours maximum paid at 100% 10 or more years A maximum of 1600 hours of the accrued annual leave balance has cash value. 400 hours are paid at 100%; the remaining balance after the 400 hours are deducted, obtains cash value of 2% for each year of service, to a maximum of 50% i.e., 12 years of service equals 24% cash value for remaining balance; 25 or more years of service equals 50% cash value of the remaining balance after deducted from the 1600 hours maximum. Notwithstanding the above, for employees with less than 10 years of service, no employee may receive a payoff paid at 100% that exceeds 320 hours for combined accrued vacation and annual leave. For employees with 10 or more years of service, no employee may receive a payoff paid at 100% that exceeds 400 hours for combined accrued vacation and annual leave. Accrued vacation will be paid at 100% up to the accrual limits specified in Article V, Sections 1.D. and E. Remaining hours, up to the accrual limits specified in Article V, Sections 1.D. and E., will be paid from the annual leave accrual. (Accrued vacation that is taken as time-off for purposes of retirement (See Article V, Section 2.L.), will be considered as a payoff for purposes of this provision.) Employees with 10 or more years of service will be eligible to receive pro- rated payouts at the time of separation in the percentages referenced above for all accrued annual leave hours remaining after the 100% payout, up to 1600 hours. C. Years of service as used herein shall be the equivalent of full-time continuous service hours in a regular position. Par...
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Annual Leave Payoff Provisions. A. During each fiscal year, an employee with Annual Leave balances may cash out Annual Leave as follows: 1. An employee who has less than 750 hours of Annual Leave as of the implementation date of this MOU shall be allowed to cash out 30 hours of Annual Leave; an additional 30 hours may be requested, with its payout at the discretion of the Department/Agency Head. 2. An employee who has 750 or more hours of Annual Leave as of the implementation date of this MOU shall be allowed to cash out up to 60 hours of Annual Leave upon his/her request until such time as his/her accumulation is less than 750 hours, at which point cash-out procedures will be governed by Section
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Annual Leave Payoff Provisions. A. During each fiscal year, an employee with Annual Leave balances may cash out Annual Leave as follows: 1. An employee who has less than 600 hours of Annual Leave as of the implementation date of this MOU shall be allowed to cash out 60 hours of Annual Leave; an additional 60 hours may be requested, with its payout at the discretion of the Department/Agency Head. 2. An employee who has 600 or more hours of Annual Leave as of the implementation date of this MOU shall be allowed to cash out up to 120 hours of Annual Leave upon his/her request until such time as his/her accumulation is less than 600 hours, at which point cash out procedures will be governed by Section 5. A.1, above. B. An employee separating from County service shall be paid in a lump sum payment from the unused annual leave balances as provided below: Less than 3 years 240 hours maximum paid at 100% 3 but less than 10 years 320 hours maximum paid at 100% 10 or more years A maximum of 1600 hours of the accrued annual leave balance has cash value. 400 hours are paid at 100%; the remaining balance after the 400 hours are deducted, obtains cash value of 2% for each year of service, to a maximum of 50% i.e., 12 years of service equals 24% cash value for remaining balance; 25 or more years of service equals 50% cash value of the remaining balance after deducted from the 1600 hours maximum. Notwithstanding the above, for employees with less than 10 years of service, no employee may receive a payoff paid at 100% that exceeds 320 hours for combined accrued vacation and annual leave. For employees with 10 or more years of service, no employee may receive a payoff paid at 100% that exceeds 400 hours for combined accrued vacation and annual leave. Accrued vacation will be paid at 100% up to the accrual limits specified in Article V, Sections 1.D. and E. Remaining hours, up to the accrual limits specified in Article V, Sections 1.D. and E., will be paid from the annual leave accrual. (Accrued vacation that is taken as time-off for purposes of retirement (See Article V, Section 2.L.), will be considered as a payoff for purposes of this provision.) Employees with 10 or more years of service will be eligible to receive pro- rated payouts at the time of separation in the percentages referenced above for all accrued annual leave hours remaining after the 100% payout, up to 1600 hours. C. Years of service as used herein shall be the equivalent of full-time continuous service hours in a regular position. Parti...
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Annual Leave Payoff Provisions. ‌ A. During each fiscal year, an employee with Annual Leave balances may cash out Annual Leave as follows: 1. An employee who has less than 600 hours of Annual Leave as of the implementation date of this MOU shall be allowed to cash out 40 hours of Annual Leave; an additional 40 hours may be requested, with its payout at the discretion of the Department Head. 2. An employee who has 600 or more hours of Annual Leave as of the implementation date of this MOU shall be allowed to cash out up to 80 hours of Annual Leave upon his/her request until such time as his/her accumulation is less than 600 hours, at which point cash out procedures will be governed by Section 5. A.1, above. B. An employee separating from County service shall be paid in a lump sum payment for the unused annual leave balance as provided below: Less than 3 years 160 hours maximum paid at 100% 3 but less than 10 years 240 hours maximum paid at 100% (320 hours for Real Property Agent and Senior Real Property Agent) 10 or more years A maximum of 1600 hours of the accrued annual leave balance has cash value. 320 hours are paid at 100% (400 hours for Real Property Agent and Senior Property Agent); the remaining balance, after the 320 hours (400 hours for Real Property Agent and Senior Property Agent) are deducted, obtains cash value of 2% for each year of service, to a maximum of 50% i.e., 12 years of service equals 24% cash value for remaining balance; 25 or more years of service equals 50% cash value of the remaining balance. Notwithstanding the above, for employees with less than 10 years of service, no employee may receive a payoff paid at 100% that exceeds 240 hours (320 hours for Real Property Agent and Senior Property Agent) for combined accrued vacation and annual leave. For employees with 10 or more years of service, no employee may receive a payoff paid at 100% that exceeds 320 hours (400 hours for Real Property Agent and Senior Property Agent) for combined accrued vacation and annual leave. Accrued vacation will be paid at 100% up to the accrual limits specified in Article V, Sections 1.D. and
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Annual Leave Payoff Provisions. ‌ A. During each fiscal year, an employee with Annual Leave balances may cash out Annual Leave as follows: 1. Effective December 23, 2016, an employee who has less than 750 hours of Annual Leave shall be allowed to cash out 30 hours of Annual Leave; an additional 30 hours may be requested, with its payout at the discretion of the Department Head. 2. Effective December 23, 2016, an employee who has 750 or more hours of Annual Leave shall be allowed to cash out up to 60 hours of Annual Leave upon his/her request until such time as his/her accumulation is less than 750 hours, at which point cash-out procedures will be governed by Section
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Related to Annual Leave Payoff Provisions

  • Annual Leave 17.1 An employee shall be entitled to four weeks annual leave for each twelve months’ service with the Company, exclusive of public holidays. Annual leave accumulates monthly on a pro rata basis. 17.2 The annual leave entitlement for each part time employee shall be calculated pro rata according to the ordinary hours he or she actually works. 17.3 The time of giving and taking of leave shall be by mutual arrangement between the Company and the employee concerned. 17.4 The Company may direct an employee to take annual leave during any shut down, including any such shut down over the Christmas and New Year period, provided the employee has an accrued annual leave balance that will at least cover the period of the shut down. 17.5 The Company may direct an employee to take up to a quarter of his or her total accrued annual leave entitlement if the employee’s accrued annual leave entitlement exceeds 8 weeks. 17.6 Payment for annual leave shall be made at the relevant minimum rate of pay in clause 19 – Minimum wages, plus a loading of 17.5 per cent on that rate of pay. 17.7 The Company may allow annual leave to be taken by an employee before the right thereto has accrued due. 17.8 An employee has no entitlement to the payment of the loading, when annual leave is taken wholly or partly in advance, until an entitlement accrues due and the loading is then payable in respect of the period of such leave and is calculated on the relevant minimum rate of pay in clause 19 – Minimum wages, payable at the accruing of the entitlement. 17.9 Where leave has been granted to an employee before the leave has accrued due, the Company may deduct the balance of the payment to the employee for that leave period from whatever remuneration is payable to him or her upon the cessation of employment. 17.10 An employee whose employment is terminated by the Company or who lawfully leaves the employment shall be entitled to a pro rata payment calculated on his or her relevant minimum rate of pay in clause 19 – Minimum wages, for the period in respect of which annual leave has not been taken, provided that the loading in clause 17.6 shall only be paid in respect of paid out annual leave for employees who have been employed for a minimum 12 months with the Company.

  • Benefits While on Leave An employee will continue to receive her/his salary and benefits while on paid leave under this Article. An employee on unpaid leave may arrange to pay the costs required to maintain benefit coverage in accordance with the local provisions of the collective agreement.

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