One-Time Vacation Cash Out Sample Clauses

One-Time Vacation Cash Out. For the 2021-2022 school year only, all employees who have accrued vacation as of May 1, 2022 shall be eligible to cash out up to six (6) days of vacation at their regular hourly rate. Requests for vacation cash out will not be prior must be submitted no later than June 15, 2022. Vacation cash out will be paid during the summer months only.
AutoNDA by SimpleDocs

Related to One-Time Vacation Cash Out

  • Vacation Cash Out In each calendar year, an employee may make a one-time request to cash out and receive payment for up to forty (40) hours of vacation. In order to be eligible to cash out vacation hours, the employee must be a regular status employee and have a remaining vacation balance of sixty (60) hours or more. Vacation leave that has been pre-approved will be considered when the request is made in order to determine if they will maintain the minimum vacation balance requirement.

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!