Common use of Vacation and Annual Leave Cash Out Where Employee Has Annual Leave Clause in Contracts

Vacation and Annual Leave Cash Out Where Employee Has Annual Leave. 1. An employee with an annual leave balance may cash out vacation time if the employee’s accrued vacation bank is such that she/he will reach the applicable cap (as set forth in Section 1.D. above) some time during the fiscal year unless the employee is able to cash out vacation time. 2. If an employee’s vacation balance will reach the applicable cap some time during the fiscal year, an employee may cash out vacation or any combination of vacation leave and annual leave, to an aggregate total of eighty (80) hours each fiscal year, except if the employee has eighty (80) or more hours of accrued, unused Annual Leave balances, then they may cash out up to one hundred (100) hours of vacation each fiscal year.

Appears in 4 contracts

Samples: Memorandum of Understanding, Memorandum of Understanding, Memorandum of Understanding

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Vacation and Annual Leave Cash Out Where Employee Has Annual Leave. 1. An employee with an annual leave balance may cash out vacation time if the employee’s accrued vacation bank is such that she/he will reach the applicable cap (as set forth in Section 1.D. and 1.E, above) some time during the fiscal year unless the employee is able to cash out vacation time. 2. If an employee’s vacation balance will reach the applicable cap some time during the fiscal year, an employee may cash out vacation or any combination of vacation leave and annual leave, to an aggregate total of eighty (80) hours each fiscal year, except if the employee has eighty (80) or more hours of accrued, unused Annual Leave balances, then they may cash out up to one hundred (100) hours of vacation each fiscal year.

Appears in 4 contracts

Samples: Memorandum of Understanding, Memorandum of Understanding, Memorandum of Understanding

Vacation and Annual Leave Cash Out Where Employee Has Annual Leave. 1. An employee with an annual leave balance may cash out vacation time if the employee’s accrued vacation bank is such that she/he will reach the applicable cap (as set forth in Section 1.D. above) some time during the fiscal year unless the employee is able to cash out vacation time. 2. If an employee’s vacation balance will reach the applicable cap some time during the fiscal year, an employee may cash out vacation or any combination of vacation leave and annual leave, to an aggregate total of eighty (80) hours each fiscal year, except if the employee has eighty (80) 80 or more hours of accrued, unused Annual Leave balances, balances then they may cash out up to one hundred (100) hours of vacation each fiscal year.

Appears in 4 contracts

Samples: Memorandum of Understanding, Memorandum of Understanding, Memorandum of Understanding

Vacation and Annual Leave Cash Out Where Employee Has Annual Leave. 1. An employee with an annual leave balance may cash out vacation time if the employee’s accrued vacation bank is such that she/he will reach the applicable cap (as set forth in Section 1.D. and 1.E, above) some time during the fiscal year unless the employee is able to cash out vacation time. 2. If an employee’s vacation balance will reach the applicable cap some time during the fiscal year, an employee may cash out vacation or any combination of vacation leave and annual leave, to an aggregate total of eighty one hundred twenty (80120) hours each fiscal year, except if the an employee has eighty (80) or more hours of accrued, unused Annual Leave balancesLeave, then they may cash out up vacation or any combination of vacation leave and annual leave to an aggregate total of one hundred twenty (100120) hours each fiscal year regardless of vacation each whether they will reach the applicable cap some time during the fiscal year.

Appears in 3 contracts

Samples: Memorandum of Understanding, Side Letter Agreement, Memorandum of Understanding

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Vacation and Annual Leave Cash Out Where Employee Has Annual Leave. 1. An employee with an annual leave balance may cash out vacation time if the employee’s accrued vacation bank is such that she/he will reach the applicable cap (as set forth in Section 1.D. above) some time during the fiscal year unless the employee is able to cash out vacation time. 2. If an employee’s vacation balance will reach the applicable cap some time during the fiscal year, an employee may cash out vacation or any combination of vacation leave and annual leave, to an aggregate total of eighty (80) hours each fiscal year, except if the employee has eighty (80) hours or more hours of accrued, unused Annual Leave balances, then they may cash out up to one hundred (100) hours of vacation each fiscal year.

Appears in 3 contracts

Samples: Memorandum of Understanding, Memorandum of Understanding, Memorandum of Understanding

Vacation and Annual Leave Cash Out Where Employee Has Annual Leave. 1. An employee with an annual leave balance may cash out vacation time if the employee’s accrued vacation bank is such that she/he will reach the applicable cap (as set forth in Section 1.D. 1.D, above) some time during the fiscal year unless the employee is able to cash out vacation time. 2. If an employee’s vacation balance will reach the applicable cap some time during the fiscal year, an employee may cash out vacation or any combination of vacation leave and annual leave, to an aggregate total of eighty (80) hours each fiscal year, except if the employee has eighty (80) or more hours of accrued, unused Annual Leave balances, then they may cash out up to one hundred (100) hours of vacation each fiscal year.

Appears in 1 contract

Samples: Memorandum of Understanding

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