Common use of Transfer And Payoff Clause in Contracts

Transfer And Payoff. Employees who voluntarily transfer from one state department to another shall be paid off at their current base rate of pay for their unused annual leave subject to the applicable cap below. However, the employee may elect, in writing, to transfer up to eighty (80) hours of accumulated annual leave. Annual leave in excess of eighty (80) hours, if any, up to the maximum allowed in accordance with the applicable accumulation cap may be transferred with the approval of the appointing authority to whose service the employee transfers. Employees who separate shall be paid at their current hourly rate for the balance of their unused annual leave subject to the applicable cap below. Service Years Accumulation Cap Payoff Cap 1 – 4 296 256 5 – 9 311 271 10 – 14 326 286 15 – 19 341 301 20 – 24 346 306 25 – 50 356 316

Transfer And Payoff. Employees who voluntarily transfer from one state 13 department to another shall be paid off at their current base rate of pay for 14 their unused annual leave subject to the applicable cap below. However, the 15 employee may elect, in writing, to transfer up to eighty (80) hours of 16 accumulated annual leave. Annual leave in excess of eighty (80) hours, if 17 any, up to the maximum allowed in accordance with the applicable 18 accumulation cap may be transferred with the approval of the appointing 19 authority to whose service the employee transfers. 20 Employees who separate shall be paid at their current hourly rate for the 21 balance of their unused annual leave subject to the applicable cap below. Service Years Accumulation Cap Payoff Cap 1 – 4 296 256 5 – 9 311 271 10 – 14 326 286 15 – 19 341 301 20 – 24 346 306 25 – 50 356 316