Cash Out Option. St. Xxxxxx Medical Center will allow PTO cash outs in accordance with IRS regulations. An eligible employee may elect to cash out up to fifty percent (50%) of his or her PTO accrual (up to one hundred twenty hours (120) hours). Employees electing to receive cash in lieu of paid time off must indicate their interest in doing so by making an irrevocable election during the November Annual Open Enrollment timeframe each year prior to accruing the time off in the following year. For example, during November an employee may make an irrevocable election to cash out up to no more than fifty percent (50%) of the PTO hours they will accrue in the next calendar year, not to exceed one hundred twenty (120) hours. Note: Employees accruing PTO at the two hundred (200) hour tier level may elect to cash out up to one hundred (100) hours of PTO in the following year. Employees may elect to receive their cash out in one of the following two ways:
1. 100% of election amount paid by December 31(not to exceed 120 hours or 100 hours for those accruals at the 200 tier level) 2. 50% of election amount paid by July 31 (not to exceed 60 hours) and the remaining 50% paid by December 31(not to exceed a total of 120 hours or 100 hours for those accruals at the 200 tier level). Employees who elect PTO cash out will accrue their elected PTO cash out hours in a separate accrual balance which will be visible on the pay stub. Employees will only have access to these accrued hours for purposes of elected cash out. Employees who elect a pay out twice per year and who have not accrued fifty percent (50%) of their election by July will receive the amount they have earned toward their election and the remaining hours will be paid at the time of their December pay out. Employees who experience a reduction in their overall PTO accrual (i.e. change in hours worked, etc.) or who stop accruing PTO due to a leave of absence or reaching the annual maximums for example may not reach their full cash out election amount and as such will only be paid what they have accrued toward the cash out election at the time of the payout. Additionally, the employer shall provide a cash out option for unforeseeable emergencies and in an amount reasonably necessary to satisfy the emergency need consistent with the U.S. Department of Treasury regulations. Employees terminating employment with St. Xxxxxx Medical Center shall not be subject to the limitations above and shall be paid at one hundred percent (100%) in acco...
Cash Out Option. The Plan shall provide that Holders of common stock of Xxxxxxx may elect to deliver their shares of such common stock to reorganized Xxxxxxx for cancellation in exchange for a payment in cash on the Effective Date equal to $6.25 for each share properly delivered (the “Cash-Out Option” and, the cash payment offered through the Cash-Out Option, the “Cash-Out Consideration”). For the avoidance of doubt, (i) the Existing Commitment Parties shall not elect to participate in the Cash-Out Option and (ii) holders of common stock of Xxxxxxx that elect to participate in the Cash-Out Option and receive the Cash-Out Consideration shall (x) opt into the releases set forth in the Plan and (y) not be entitled to retain their common stock of reorganized Xxxxxxx or participate in the Rights Offering.
Cash Out Option. Once each calendar year an employee may cash out eight (8) or more hours of vacation accrual in excess of eighty (80) hours to a maximum of one hundred twenty (120) hours; PROVIDED, that the employee has taken eighty (80) hours of vacation off with pay in the previous twelve (12) months.
Cash Out Option a) Who can surrender IDRs under the Cash-out Option IDR Holders shall consult their own counsel and advisors as to business, legal, tax, accounting and related matters under Indian and other applicable laws before exercising the Cash-out Option.
Cash Out Option. Employees may choose to cash out up to one week (pro rata for part time employees) of their accrued Annual Leave once per calendar year, provided the employee's remaining accrued Annual Leave entitlement is not less than four weeks.
Cash Out Option. Employees may cash-out vacation leave according to the limits and procedures for the cash out of paid time off (PTO) as applied to non-represented employees. The Union shall be notified of changes to the limits and procedures affecting vacation leave cash out.
Cash Out Option. Upon written request of the unit member, the District will pay out the accumulated banked load at the current overload rate.
18.1 Upon separation from the District, the accumulated banked load will be paid out to the Faculty Member.
18.2 If the separation is due to the death of the faculty member, then the accumulated banked load will be paid out to the Faculty Member’s designated beneficiary on file with the Distrtic. Name Date Datatel Number
X. XXX’x to be banked: (15-maximum per individual agreement; signature required for each semester SIU are banked) TERM SIU RATE INSTRUCTOR XXXX
XX. Released time plan: Semester, SIU, Comments XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX
III. Staffing Appropriate part-time staff is available: Yes No N/A IV. Approval: Xxxx Date Superintendent/President Date Approved Denied Approved Denied Articulation Xxxx 2 yrs 50% 7.5 Career Center Xxxx 2 yrs 50% 7.5 Director of Golf Xxxx/VP of BA 1 yr 40% 6.0 HSAD Coordinator Xxxx 1 yr 10% 1.5 HSAD Coordinator Xxxx 1 yr 10% 1.5 Transfer Center Xxxx 2 yrs 50% 7.5 Tutorial Liaison/Mathematics Xxxx 1 yr 26% 4.0 Tutorial Liaison/Communications Xxxx 1 yr 26% 4.0 Musical Theatre Production Xxxx 2 semesters 4.0 in Fall Semester 3.0 in Spring Semester Senate President Faculty 2 yrs 60% 9.0 Faculty Development Chair Faculty 2 yrs 20% 3.0 Curriculum Chair Faculty 2 yrs 40% 6.0 Outcome and Assessment Chair Faculty 2 yrs 20% 3.0 Educational Policies & Practices Chair Faculty 2 yrs 20% 3.0 Educational Technology and Distance Education Chair Faculty 2 yrs 20% 3.0 Music 99 Individual Instruction Xxxx semester $26 per ½ hour lesson ESLN Level Leads Xxxx 1yr $600/semester Department Chairs Faculty 2 years $1,100/Per Month Hiring Committee participant outside of Fall/Spring Senate N/A Paid at Hourly Lab Rate for hours worked Any work required outside of Fall/Springs District N/A Paid at Hourly Lab Rate for hours worked Nursing Clinical Lab Stipend: It is recognized by the District and Association that Nursing Clinical Lab Settings are unique in their design and implementation. The training necessary to care for patients safely, coupled with the rigor and time duration in an uncontrolled environment make these Clinical Lab Settings unique. A defining characteristic of these labs is the requirement of patient safety, health, and life unlike any other lab setting. This uniqueness and the critical connection with safeguarding the well-being of individuals is done in a real-time clinical set...
Cash Out Option. In the case of an exercise of Warrants at any time prior to the receipt of the approval of the Company’s stockholders for the issuance of the Warrant Shares, the Warrants may be settled, at the Company’s option, by payment of an amount of cash (or wire transfer of immediately available funds) equal to the Current Market Price per share on the date of exercise.
Cash Out Option. The Liquidating Trustee, after consultation with the Plan Advisory Committee, may negotiate with one or more third parties one or more offers to purchase any Liquidating Trust Interests from the Liquidating Trust Beneficiaries, at the option of each Liquidating Trust Beneficiary.
Cash Out Option.
a) Once each calendar year, employees are eligible to cash out vacation accrual balances in excess of 80 hours. An employee may cash out a minimum of eight (8) hours to a maximum of 120 hours of accrued vacation provided employee has taken 80 vacation hours in the previous 12 months and has followed the election procedures set forth in this section.
b) Employee must elect the number of vacation hours they will cash-out during the next calendar year, up to the maximum of 120 hours. For the 2012 calendar vacation year, employees will make their election for vacation hours to cash out no later than November 1, 2012. The election will apply only to vacation hours that are accrued in the next calendar year and that are eligible for cash-out.
c) The election to cash-out vacation hours in each designated year will be irrevocable. This means that employees who elect to cash-out vacation hours must cash-out the number of accrued hours pre-designates on the election form.
d) Employees who do not elect a cash-out amount by November of the prior calendar year will be deemed to have waived the right to cash out any leave in the following tax year and will not be eligible to cash-out vacation hours in the next tax year.
e) Employees who elect cash-out amount may request a cash-out at any time in the designated tax year by submitting a cash-out form to payroll. Payroll will complete the cash-out form upon request, provided the requested cash-out amount has accrued and is consistent with the amount the employee pre-designated. If the full amount of hours designated for cash-out is not available at the time of cash-out, the maximum available will be paid. For employees who have not requested cash-out of the elected amount by November 1 of year, Payroll will automatically cash- out the elected amount in a paycheck issued on or after the payroll date including November 1.
