Common use of Cash Out Clause in Contracts

Cash Out. a. Employees hired into the district prior to July 1, 2014 shall have an option to cash out up to three (3) days of vacation annually, those hired after July 1, 2014 will not be able to cash out any vacation days. This provision sunsets on June 30, 2022. b. Effective July 1, 2022, employees with six (6) years of service with the District shall have an option to cash out up to three (3) days of vacation annually. Those who do not have six (6) years of service with the District will not be able to cash out any vacation days. Generally, the above amounts are paid out around the beginning of the new school year based upon balances from the prior school year.

Cash Out. a. Employees hired into the district prior to July 1, 2014 shall have an option to cash out up to three (3) days of vacation annually, those hired after July 1, 2014 will not be able to cash out any vacation days. This provision sunsets on June 30, 2022. b. Effective July 1, 2022, employees with six (6) years of service with the District shall have an option to cash out up to three (3) days of vacation annually. Those who do not have six (6) years of service with the District will not be able to cash out any vacation days. Generally, the above amounts are paid out around the beginning of the new school year based upon balances from the prior school year.

Cash Out. a. Employees hired into the district prior to July 1, 2008 may cash out up to twelve (12) days of unused vacation annually effective for the fiscal year ending June 30, 2014. b. Employees hired into the district between July 1, 2008 and July 1, 2014 shall have an option to cash out up to three (3) days of vacation annually, those hired after July 1, 2014 will not be able to cash out any vacation days. This provision sunsets on June 30, 2022. b. Effective July 1, 2022, employees with six (6) years of service with the District shall have an option to cash out up to three (3) days of vacation annually. Those who do not have six (6) years of service with the District will not be able to cash out any vacation days. Generally, the above amounts are paid out around the beginning of the new school year based upon balances from the prior school year.

Cash Out. a. Employees hired into the district prior to July 1, 2008 may cash out up to twelve (12) days of unused vacation annually effective for the fiscal year ending June 30, 2014. b. Employees hired into the district between July 1, 2008 and July 1, 2014 shall have an option to cash out up to three (3) days of vacation annually, those hired after July 1, 2014 will not be able to cash out any vacation days. This provision sunsets on June 30, 2022. b. Effective July 1, 2022, employees with six (6) years of service with the District shall have an option to cash out up to three (3) days of vacation annually. Those who do not have six (6) years of service with the District will not be able to cash out any vacation days. Generally, the above amounts are paid out around the beginning of the new school year based upon balances from the prior school year.