Common use of Cashout Clause in Contracts

Cashout. Upon separation from service, an employee who has been employed for at least six (6) months who resigns, retires, is laid off, is terminated by the Employer, or upon death, will be paid for all unused vacation leave at the employee’s current salary.

Appears in 4 contracts

Samples: Collective Bargaining Agreement, Collective Bargaining Agreement, Collective Bargaining Agreement

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Cashout. Upon separation from service, an employee who has been employed for at least six resigns with fourteen (614) months who resignscalendar days notice, retires, is laid off, is terminated by the Employer, or upon death, will be paid for all unused vacation leave at the employee’s current salary.

Appears in 1 contract

Samples: Collective Bargaining Agreement

Cashout. Upon separation from service, an employee who has been employed for at least six resignswith fourteen (614) months who resignscalendar days notice, retires, is laid off, is terminated by the Employer, or upon death, will be paid for all unused vacation leave at the employee’s current salary.

Appears in 1 contract

Samples: Tentative Agreement

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Cashout. Upon separation from service, an employee who has been employed for at least six (6) months who resigns, retires, is laid off, is terminated by the Employer, or upon death, will be paid for all unused vacation leave at the employee’s current salary.

Appears in 1 contract

Samples: Collective Bargaining Agreement

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