Common use of Holiday Credit Cash Out Clause in Contracts

Holiday Credit Cash Out. All holiday credit must be used by June 30th of each year. The employee’s holiday credit balance will be cashed out every June 30th or when the employee leaves University employment for any reason. The employee’s holiday credit balance may be cashed out when the employee transfers to a position in another department.

Appears in 4 contracts

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

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Holiday Credit Cash Out. All holiday credit must be used by June 30th of each year. The employee’s holiday credit balance will be cashed out every June 30th or when the employee leaves University employment for any reason. The employee’s holiday credit balance may be cashed out when the employee transfers employee: i. Transfers to a position in their department with different funding sources or, ii. Transfers to a position in another department.

Appears in 1 contract

Samples: Collective Bargaining Agreement

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