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.
Appears in 3 contracts
Samples: Memorandum of Agreement, Memorandum of Agreement, Memorandum of Agreement
Cash Out Option. a) Once each calendar year an 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) or more hours of vacation accrual in excess of eighty (80) hours to a maximum of one hundred twenty (120) hours; PROVIDED, that the 120 hours of accrued vacation provided employee has taken eighty (80) 80 vacation hours of vacation off with pay in the previous twelve (12) months12 months and has followed the election procedures set forth in this section.
Appears in 1 contract
Samples: Memorandum of Agreement
