Unit Members Not Mentioned in Section E1 Above Sample Clauses

Unit Members Not Mentioned in Section E1 Above. Unused accumulated vacation leave hours shall be carried over for use in the next fiscal year except that the maximum amount of accumulated vacation leave hours available for carryover shall not exceed two (2) years of a unit member’s earned accrual rate. Unused vacation leave hours accumulated in excess of two (2) years shall be paid in a lump sum payment at the end of the fiscal year.
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Unit Members Not Mentioned in Section E1 Above. Unused accumulated vacation hours shall be carried over for use in the next fiscal year except that the maximum amount of accumulated vacation hours available for carryover shall not exceed two (2) years of a unit member’s earned accrual rate. Effective with the 2017-2018 fiscal year and thereafter, any unused vacation hours accumulated in excess of two (2) years shall be paid in a lump sum payment at the end of the fiscal year. If a unit member currently has three (3) times their annual accrual rate, or more, as of June 30, 2018, he/she may have the option of a lump sum payment or have that vacation paid out over twenty-four (24) equal monthly payments. This only applies to the balance as of June 30, 2018.
Sample 1

Related to Unit Members Not Mentioned in Section E1 Above

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