Common use of Annual Vacation Cash-Out Clause in Contracts

Annual Vacation Cash-Out. All unit employees may cash out up to forty (40) 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 forty (40) hours per fiscal year.

Appears in 2 contracts

Samples: Year Agreement, www.glendaleca.gov

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Annual Vacation Cash-Out. All unit employees β€Œ An employee may cash out up to a maximum of forty (40) hours of accrued vacation leave at their regular base hourly rate of pay Vacation (annual leave) once each fiscal year. The cash out may be taken up to two times per fiscal year , in smaller incrementsaccordance with Human Resources procedures, but may not exceed a total of forty (40) hours per fiscal year.provided that employee has:

Appears in 2 contracts

Samples: Collective Bargaining Agreement, Collective Bargaining Agreement

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