Common use of Vacation Buyout Clause in Contracts

Vacation Buyout. Each calendar year, employees with vacation leave balances of 100 hours or more may elect during the August or March payroll period to cash out up to 40 hours of accrued vacation. Employees wishing to cash out (up to 40 hours) their vacation time shall note the amount of vacation time on their August or March timesheet.

Vacation Buyout. Each calendar fiscal year, employees with vacation leave balances of 100 hours or more may elect during the August or March January, May and/or October payroll period periods to cash out up to 40 hours of accrued vacation. Employees wishing who wish to cash out (up to 40 hours) their vacation time shall note the amount of vacation time on their August January, May or March October timesheet. At no time shall the buyout cause the employee to drop below 60 hours of accrued vacation.

Vacation Buyout. Each calendar fiscal year, employees with vacation leave balances of 100 hours or more may elect during the August or and/or March payroll period periods to cash out up to 40 hours of accrued vacation. Employees wishing who wish to cash out (up to 40 hours) their vacation time shall note the amount of vacation time on their August or March timesheet. At no time shall the buyout cause the employee to drop below 60 hours of accrued vacation.

Vacation Buyout. Each calendar fiscal year, employees with vacation leave balances of 100 hours or more may elect during the August or March January, May and October payroll period periods to cash out up to 40 hours of accrued vacation. Employees wishing who wish to cash out (up to 40 hours) their vacation time shall note the amount of vacation time on their August and / or March timesheet. At no time shall the buyout cause the employee to drop below 40 hours of accrued vacation.

Vacation Buyout. Each calendar year, employees with vacation leave balances of 100 hours or more may elect during the August or March January, May and October payroll period to cash out up to 40 hours of accrued vacation. Employees wishing to cash out (up to 40 hours) their vacation time shall note the amount of vacation time on their August or March timesheet.

Vacation Buyout. Each calendar fiscal year, employees with vacation leave balances of 100 hours or more may elect during the August or and/or March payroll period periods to cash out up to 40 hours of accrued vacation. Employees wishing who wish to cash out (up to 40 hours) their vacation time shall note the amount of vacation time on their August or March timesheet. At no time shall the buyout cause the employee to drop below 40 hours of accrued vacation.