Common use of Cash Out Clause in Contracts

Cash Out. At the end of September of each year of this Agreement, employees may elect to cash out their accrued, unused PTO. If the employee does not exercise the cash-out option, then the full remaining unused PTO shall be carried forward. No later than September 1 of each year of this contract, the Employer shall notify employees of the cash-out option under this Agreement and shall provide a form for employees who wish to exercise their cash-out option. The Employer will make a good faith effort to offer monthly cash-out of PTO. To facilitate this effort, the Employer will require monthly cash-out specifications be included in the programming of a new payroll system. Employees who resign, retire, who are terminated, or who are laid off, shall be paid for all unused, accrued PTO. Such cash out shall be made by the Employer at the time of the employee’s final paycheck.

Cash Out. ‌ At the end of September of each year of this Agreement, employees may elect to cash out their accrued, unused PTO. If the employee does not exercise the cash-out option, then the full remaining unused PTO shall be carried forward. No later than September 1 of each year of this contract, the Employer shall notify employees of the cash-out option under this Agreement and shall provide a form for employees who wish to exercise their cash-out | Page 36 option. The Employer will make a good faith effort to offer monthly cash-out of PTO. To facilitate this effort, the Employer will require monthly cash-out specifications be included in the programming of a new payroll system. Employees who resign, retire, who are terminated, or who are laid off, terminate shall be paid for all unused, accrued PTO. Such cash out shall be made by the Employer at the time of the employee’s final paycheck.

Cash Out. ‌ At the end of September of each year of this Agreementagreement, employees may elect to cash out their accrued, unused PTO. If the employee does not exercise the cash-out option, then the full remaining unused PTO shall be carried forward. No later than September 1 of each year of this contract, the Employer shall notify employees of the cash-out option under this Agreement agreement and shall provide a form for employees who wish to exercise their cash-cash- out option. The Employer will make a good faith effort to offer monthly cash-out of PTO. To facilitate this effort, the Employer will require monthly cash-out specifications be included in the programming of a new payroll system. Employees who resign, retire, who are terminated, or who are laid off, terminate shall be paid for all unused, accrued PTO. Such cash out shall be made by the Employer at the time of the employee’s final paycheck.

Cash Out. At the end of September of each year of this Agreementagreement, employees may elect to cash out their accrued, unused PTO. If the employee does not exercise the cash-out option, then the full remaining unused PTO shall be carried forward. No later than September 1 of each year of this contract, the Employer shall notify employees of the cash-out option under this Agreement agreement and shall provide a form for employees who wish to exercise their cash-out option. The Employer will make a good faith effort to offer monthly cash-out of PTO. To facilitate this effort, the Employer will require monthly cash-out specifications be included in the programming of a new payroll system. Employees who resign, retire, who are terminated, or who are laid off, shall be paid for all unused, accrued PTO. Such cash out shall be made by the Employer at the time of the employee’s final paycheck.

Cash Out. At the end of September of each year of this Agreement, employees may elect to cash out their accrued, unused PTO. If the employee does not exercise the cash-out cash-­‐out option, then the full remaining unused PTO shall be carried forward. No later than September 1 of each year of this contract, the Employer shall notify employees of the cash-out cash-­‐out option under this Agreement and shall provide a form for employees who wish to exercise their cash-out cash-­‐out option. The Employer will make a good faith effort to offer monthly cash-out cash-­‐out of PTO. To facilitate this effort, the Employer will require monthly cash-out cash-­‐out specifications be included in the programming of a new payroll system. Employees who resign, retire, who are terminated, or who are laid off, terminate shall be paid for all unused, accrued PTO. Such cash out shall be made by the Employer at the time of the employee’s final paycheck.

Cash Out. At the end of September of each year of this Agreementagreement, employees may elect to cash out their accrued, unused PTO. If the employee does not exercise the cash-out cash‐out option, then the full remaining unused PTO shall be carried forward. No later than September 1 of each year of this contract, the Employer shall notify employees of the cash-out cash‐out option under this Agreement agreement and shall provide a form for employees who wish to exercise their cash-out option. The Employer will make a good faith effort to offer monthly cash-out of PTO. To facilitate this effort, the Employer will require monthly cash-out specifications be included in the programming of a new payroll system. Employees who resign, retire, who are terminated, or who are laid off, shall be paid for all unused, accrued PTO. Such cash out shall be made by the Employer at the time of the employee’s final paycheck.

Cash Out. ‌ At the end of September of each year of this Agreement, employees may elect to cash out their accrued, unused PTO. If the employee does not exercise the cash-out option, then the full remaining unused PTO shall be carried forward. No later than September 1 of each year of this contract, the Employer shall notify employees of the cash-out option under this Agreement and shall provide a form for employees who wish to exercise their cash-out option. The Employer will make a good faith effort to offer monthly cash-out of PTO. To facilitate this effort, the Employer will require monthly cash-out specifications be included in the programming of a new payroll system. Employees who resign, retire, who are terminated, or who are laid off, terminate shall be paid for all unused, accrued PTO. Such cash out shall be made by the Employer at the time of the employee’s final paycheck.