Common use of Compensation for Unused Vacation Leave Clause in Contracts

Compensation for Unused Vacation Leave. Employees may elect to cash in up to five (5) days equal to a maximum forty (40) hours of unused vacation time once per calendar year during the first payroll in December by providing notice, no later than the last pay date in November, to the Human Resources Office on the appropriate forms. Compensation shall be determined by multiplying the number of hours for which compensation is requested by the employee’s regular hourly wage.

Compensation for Unused Vacation Leave. Employees Effective the first payroll in December 2014, employees may elect to cash in up to five (5) days equal to a maximum forty (40) hours of unused vacation time once per calendar year year. Annually thereafter, payment may be made during the first payroll in December by providing notice, no later than the last pay date in November, November to the Human Resources Office on the appropriate forms. Compensation shall be determined by multiplying the number of hours for which compensation is requested by the employee’s regular hourly wage.