Common use of Cash Out of Vacation Clause in Contracts

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. Except for employees who elect to transfer vacation as provided in Section 29.422.4, upon termination employees will shall 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 their 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 Employees who resign with less than two (2) weeks written notice will have deducted from any their vacation cash out leave balances reduced by the difference in number of days between the amount of notice given provided and two (2) weeks.

Cash Out of Vacation. Except for Upon termination, employees who elect to transfer vacation as provided in Section 29.4, upon termination employees will shall 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 their regular rate of pay, except for employees who transfer vacation as provided in Section 18.5. 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 Employees who resign with less than two (2) weeks written notice will have deducted from any their vacation cash out leave balances reduced by the difference in number of days between the amount of notice given provided and two (2) weeks.