Cash Out of Vacation. Except for employees who elect to transfer vacation as provided in Section 29.4, upon termination employees will be paid for their accrued but unused vacation hours at a rate calculated in accord with Office of Financial Management guidelines; provided that in no event will the rate used for vacation cashouts be less than the employee’s regular rate of pay.
Cash Out of Vacation. An employee who has completed a probationary period and who separates from service by resignation with adequate notice, layoff, retirement, termination or death will be entitled to be paid a lump-sum cash payment for all unused vacation leave.
Cash Out of Vacation. Except for employees who elect to transfer vacation as provided in Section 29.4, upon termination employees will be paid for their accrued but unused vacation hours at a rate calculated in accord with Office of Financial Management guidelines; provided that in no event will the rate used for vacation cashouts be less than the employee’s regular rate of pay. In the event of a voluntary resignation, employees will receive pay for their accrued but unused vacation if they have provided or offered to provide at least two (2) weeks written notice. An employee providing less than two (2) weeks written notice will have deducted from any vacation cash out the difference between the amount of notice given and two (2) weeks.
Cash Out of Vacation. Employees who have completed one year of service may elect to receive up to 40 Vacation hours each year in cash in lieu of time off following their one-year anniversary. Employees with six plus years of continuous service may elect to receive up to 80 Vacation hours each year in cash in lieu of time off. Such election is limited to once per calendar year and must be submitted in writing at least 30 days prior to receiving payment. The ability to use Vacation or PTO hours to supplement lost hours (due to low census, e.g.) shall not be limited.
Cash Out of Vacation. The employee shall be allowed to cash out up to eighty (80) hours of accumulated vacation time each year when the employee requests vacation time and is denied, and such denial causes a reasonable expectation on the part of the employee that accumulated hours of vacation time belonging to the employee will be lost.
Cash Out of Vacation. Annual Leave
Cash Out of Vacation. Employees who have completed one year of service may elect to receive up to 40 Vacation hours each year in cash in lieu of time off following their one-year anniversary. Employees with six plus years of continuous service may elect to receive up to 80 Vacation hours each year in cash in lieu of time off. Such election is limited to once per calendar year and must be submitted in writing at least 30 days prior to receiving payment. Vacation hours shall be paid at the employee’s regular rate of pay. The ability to use Vacation or Sick Leave hours to supplement lost hours (due to low census, e.g.) shall not be limited.
Cash Out of Vacation. Annual Leave Effective upon ratification of this agreement by both parties, employees may be permitted annually to cash out up to one-hundred sixty (160) hours of accumulated Vacation/Annual Leave as follows: On or before May 1 of each year, each department head (Director, Executive Officer, etc.) or designee will advise department employees if the department has funds available for the purpose of cashing out accumulated Vacation/Annual Leave. In those departments that have funds available, employees will be advised of the number of hours that may be cashed, not to exceed one-hundred and sixty (160) hours. Employees who wish to cash out Vacation/Annual Leave must submit a written request during the month of May to the individual designated by the Department Director. Departments will issue cash payments for cashed out Vacation/Annual Leave during the month of June.
Cash Out of Vacation. Annual Leave Employees may be permitted annually to cash out up to eighty (80) hours of accumulated Vacation/Annual Leave as follows: On or before May 1 of each year, each department head (Director, Executive Officer) or designee will advise department employees if the department has funds available for the purpose of cashing out accumulated Vacation/Annual Leave. In those departments that have funds available, employees will be advised of the number of hours that may be cashed out, not to exceed eighty (80) hours. Employees who wish to cash out Vacation/Annual Leave must submit a written request during the month of May to the individual designated by the Department Director. Departments will issue cash payments for cashed out Vacation/Annual Leave during the month of June.
Cash Out of Vacation. Employees who have successfully completed their probationary period will be paid for their accrued but unused vacation hours at the time of separation from the District to a maximum of two hundred forty (240) hours. Vacation cashout will be at the employee’s straight-time rate of pay.
