Annual Vacation Cash-Out Sample Clauses

Annual Vacation Cash-Out. Employees in the bargaining unit may receive pay in lieu of time off for accumulated vacation leave. Employees with five (5) or more years of service may cash-out up to six (6) vacation days in a calendar year. Employees with ten (10) or more years of service may cash-out up to twelve (12) vacation days in a calendar year.
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Annual Vacation Cash-Out. An employee may cash out up to a maximum of forty (40) hours of accrued Vacation (annual leave) once each fiscal year, in accordance with Human Resources procedures, provided that employee has:
Annual Vacation Cash-Out. Deputies shall have the option of cashing out a maximum of forty (40) hours of accrued vacation time when a minimum of eighty (80) hours of accrued vacation and/or compensatory time is taken off in the same fiscal year. Deputies with twenty (20) or more years of service shall have the option of cashing out a maximum of forty (40) hours of accrued vacation time when a minimum of forty (40) hours of accrued vacation and/or compensatory time is taken off in the same fiscal year. Cash-Out may be requested once during a fiscal year. Cash-Out requests must be submitted to Human Resources.
Annual Vacation Cash-Out. Effective the commencement of the first pay period that includes July 1, 2020, all unit employees may cash out up to ninety (90) hours of accrued vacation leave at their regular base hourly rate of pay each fiscal year. The cash out may be taken up to two times per fiscal year in smaller increments, but may not exceed a total of ninety (90) hours per fiscal year.
Annual Vacation Cash-Out. In lieu of using vacation, employees may opt to receive cash payment for their accrued vacation time, within the specified limits. Employees choosing this option must complete a standard leave request form and submit it to the Chief of Police for approval, the cash payment shall be included in the employee's next payroll check. The following limits apply for employees choosing this option.
Annual Vacation Cash-Out. All unit employees may cash out up to fifty (50) hours of accrued vacation leave at their regular base hourly rate of pay each fiscal year. The cash out may be taken up to two times per fiscal year in smaller increments, but may not exceed a total of fifty (50) hours per fiscal year.
Annual Vacation Cash-Out. During Employment Effective the pay period beginning August 29, 2021 through November 30, 2021, unit employees may cash out up to one hundred twenty (120) hours of accrued vacation leave time at their base hourly rate of pay each fiscal year. The cash out may be taken up to two times per fiscal year in smaller increments, but may not exceed a total of one hundred twenty (120) hours per fiscal year. Effective December 1, 2021, for calendar year 2022 (1/1/22) and every year thereafter: By December 15 (the first year being 2021) of each year, employees may make an irrevocable election to cash out up to 120 hours of vacation which they can accrue per year which will be earned in the following calendar year at the employee’s base rate of pay. In the following year, the employee can receive the cash for the leave they irrevocably elected to cash out in the first pay period of December. If an employee’s vacation time off leave balance is less than the amount the employee elected to cash out (in the prior calendar year), the employee will receive cash for the amount of leave the employee has accrued at the time of the cash out. If an employee makes an irrevocable election to cash out vacation time off in the following calendar year and uses such leave in that subsequent year, the vacation or compensatory time off leave used will come from the leave the employee had earned prior to January 1 of the year the employee has elected to cash out vacation or compensatory time off. This is to ensure that assuming an employee had a vacation leave time off balance prior to January 1, the leave used will not result in a reduction in the amount of leave the employee will be eligible to cash out. In addition to the above, starting in calendar year 2022, an employee who has an “unforeseen emergency” (defined as an unanticipated emergency that is caused by an event beyond the control of the employee and that would result in severe financial hardship to the employee if early withdrawal were not permitted) shall be entitled to make a request to the Director of Human Resources for a payoff of accrued vacation time off of up to a total of 120 hours.
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Annual Vacation Cash-Out. For the purposes of reducing excess vacation accrual, employees may elect to receive compensation (“cash-out”), annually, for a maximum of 40 hours of accrued vacation each year, so long as two workweeks of accrued vacation remain for the benefit of the employee after the cash-out is taken. This election must be made in writing no later than December 31 of the calendar year prior to when the cash-out is scheduled to occur. By way of illustration, employees seeking a cash-out in calendar year 2016 must submit their cash-out election by December 31, 2015. This compensation shall occur on the first full pay period in August following submission of the irrevocable election form (which will be made available in the Human Resources Department). No exceptions will be made to this policy. If the non-revocable election is not made by December 31, there will be no other opportunity to cash-out vacation accruals until/unless the non-revocable election is made by the employee on or before December 31 of the following year.

Related to Annual Vacation Cash-Out

  • Annual Vacation Auxiliary employees will be entitled to receive annual vacation at the rate of four percent (4%) of their regular earnings. After one thousand (1,000) days worked, auxiliary employees will be entitled to receive annual vacation at the rate of six percent (6%) of their regular earnings.

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