Common use of Reimbursement for Unused Vacation Days Clause in Contracts

Reimbursement for Unused Vacation Days. The Employer agrees to reimburse employees at the daily compensation rate for twelve (12) unused vacation days in 2022-2023 and 2023-2024. For the purposes of this Section, the daily compensation rate shall be calculated by dividing the employee’s annual salary by 229.

Reimbursement for Unused Vacation Days. The Employer agrees to reimburse provide the employees with an opportunity to be reimbursed at the daily compensation rate for and up to twelve (12) unused vacation days in 20222018-2023 2019 and 20232019-20242020. For the purposes of this SectionArticle, the daily compensation rate shall be calculated by dividing the employee’s annual salary by 229. The employee may designate that the funds be placed into a 403(b) or 457 account, or paid directly to the employee via payroll. The employee must file this request by June 30 of each year for payment on or after July 1.

Reimbursement for Unused Vacation Days. The Employer agrees to reimburse Twelve (12) month employees at the daily compensation rate for twelve (12) unused vacation days in 20222024-2023 2025 and 20232025-20242026. For the purposes of this Section, the daily compensation rate shall be calculated by dividing the employee’s annual salary by 229.