Common use of Maximum Vacation Accrual Clause in Contracts

Maximum Vacation Accrual. Each full-time employee shall be entitled to accumulate and carry over into the following year a maximum of 400 hours. Any accumulated vacation time in excess of the 400 hours on January 1st shall be forfeited. Employees are eligible to cash out up to 80 hours of vacation leave each calendar year at any time with notice prior to payroll cutoff. Employees must maintain at least 80 hours of vacation leave in their accruals to receive any cash out.

Maximum Vacation Accrual. Each full-time employee shall be entitled to accumulate and carry over into the following year a maximum of 400 hours. Any accumulated vacation time in excess of the 400 hours on January 1st shall be forfeited. Employees are eligible to cash out up to 80 hours of vacation leave each calendar year at any time with notice prior to payroll cutoff. Employees must maintain at least 80 hours of vacation leave in their accruals to receive any cash out.