Eligibility for Annual Cash-Out. To be eligible for the annual cash-out program, an employee must have a sick leave balance of at least one hundred fifty (150) hours in the payroll period immediately preceding the payroll period in which the cash-out payment is made. Further, the employee must have at least ninety-nine (99) hours of sick leave remaining in the employee’s balance after the cash-out payment is made.
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Samples: Memorandum of Agreement, Memorandum of Agreement, Memorandum of Agreement