Carryover and payout Sample Clauses

Carryover and payout a. Employees shall be allowed to carry over their annual accrual based on length of service plus forty (40) hours of excess accrued vacation time on their hire date anniversary. Additional unused excess accrued vacation time will be paid out up to forty (40) hours. Any additional unused excess accrued vacation time shall be forfeited. b. Vacation hours are not counted as time worked for the purpose of calculating overtime. c. Vacation pay will be included in the next regularly scheduled paycheck for the pay period in which the vacation is taken d. Accrued vacation will be paid out at the employee’s base rate upon termination of employment provided an employee has completed 6 months of service, and in the event of a resignation, has complied with Article 54 [SEPARATION FROM EMPLOYMENT]. e. If an employee must forfeit accrued vacation time due to the rejection of numerous vacation requests throughout the year, upon request, the parties will meet and confer upon the issue.