Common use of Maximum Vacation Accrual Clause in Contracts

Maximum Vacation Accrual. As of June 30th of each year, employees with over 240 hours of accrued vacation will be paid for all hours over 240 unless an employee elects to contribute an equivalent cash amount to their 457 Plan. Subject to approval by the General Manager, employees may exceed the annual 240 hour cap if excess vacation is scheduled to be taken no later than December 31st of that year.