Common use of Cash Out of Vacation/Annual Leave Clause in Contracts

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/Annual Leave. Employees may be permitted annually to cash out up to eighty one-hundred sixty (80160) 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 outcashed, not to exceed eighty one-hundred and sixty (80160) 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.