Vacation Cash Conversion Sample Clauses

Vacation Cash Conversion. Any EMPLOYEE who has used a minimum of 112 hours vacation during the preceding calendar year (ex. February 1 through January 31) may cash in a minimum of 60 hours to a maximum of 240 hours of accrued unused vacation days during the following month. If eligible attach proof that 112 hours of vacation has been taken within the prescribed period, payment will be made within 10 City Hall working days from the last day of the request period. If the form is submitted without proof, the request will be processed as soon as reasonably possible thereafter. Conversion of vacation to cash shall be calculated at the employee's current regular compensation rate. For conversions of 112 to 240 hours, the employee must maintain a balance of at least 112 hours.
Sample 1Sample 2
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Vacation Cash Conversion. Any EMPLOYEE who has used a minimum of 80 hours vacation during the preceding calendar year (ex. February 1 through January 31) may cash out accrued unused vacation days during the following month, with no cap. If an eligible EMPLOYEE attaches proof that 80 hours of vacation hours has been taken within the prescribed period, payment will be made within 10 City Hall working days following receipt by the Human Resources Department. If the form is submitted without proof, the request will be processed as soon as reasonably possible thereafter.
Sample 1
Vacation Cash Conversion. Any EMPLOYEE who has used a minimum of 80 hours vacation during the period from June 1 through May 31 may cash in a minimum of five days to a maximum of 10 days of accrued unused vacation days during the month of June. Any EMPLOYEE who has used a minimum of 80 hours of vacation during the period from November 1 through October 31, may cash in a minimum of five days to a maximum of 10 days of accrued unused vacation days during the month of November. If an eligible EMPLOYEE attaches proof that 80 hours of vacation has been taken within the prescribed period, payment will be made within 10 City Hall working days following receipt by the Human Resources Department. If the form is submitted without proof, the request will be processed as soon as reasonably possible thereafter.
Sample 1

Related to Vacation Cash Conversion

  • Vacation Cash Out In each calendar year, an employee may make a one-time request to cash out and receive payment for up to forty (40) hours of vacation. In order to be eligible to cash out vacation hours, the employee must be a regular status employee and have a remaining vacation balance of sixty (60) hours or more. Vacation leave that has been pre-approved will be considered when the request is made in order to determine if they will maintain the minimum vacation balance requirement.

  • Sick Leave Conversion On January 1 of each year, an employee may convert up to a maximum of 30 hours accumulated sick leave at fifty percent (50%) cash value for the sole purpose of reimbursing the employee for medical costs. This conversion is subject to the following:

  • Sick Leave Separation Cash Out At the time of retirement from state service or at death, an eligible employee or the employee’s estate will receive cash for their compensable sick leave balance on a one (1) hour for four (4) hours basis. For the purposes of this Section, retirement will not include “vested out of service” employees who leave funds on deposit with the retirement system.

  • Annual Conversion Once per fiscal year, an employee may elect to cash out annual leave in the amount of forty

  • Casual Conversion (a) A casual employee who has been rostered on a regular and systematic basis over a period of 26 weeks has the right to request conversion to permanent employment:

  • Vacation Buy Back Employees shall have the option of requesting pay in lieu of time off up to a maximum of 144 hours of vacation time each year, during each year of the contract in increments of eight (8) hrs. Such requests are subject to the approval of the department head and the availability of funds.

  • Continuation of Optional Coverages During Unpaid Leave or Layoff An employee who takes an unpaid leave of absence or who is laid off may discontinue premium payments on optional policies during the period of leave or layoff. If the employee returns within one (1) year, the employee shall be permitted to pick up all optionals held prior to the leave or layoff. For purposes of reinstating such optional coverages, the following limitations shall be applicable. For the first twenty-four (24) months of long-term disability coverage after such a period of leave or layoff during which long-term disability coverage was discontinued, any such disability coverage shall exclude coverage for pre-existing conditions. For disability purposes, a pre-existing condition is defined as any disability which is caused by, or results from, any injury, sickness or pregnancy which occurred, was diagnosed, or for which medical care was received during the period of leave or layoff. In addition, any pre-existing condition limitations that would have been in effect under the policy but for the discontinuance of coverage shall continue to apply as provided in the policy. The limitations set forth above do not apply to leaves that qualify under the Family Medical Leave Act (FMLA).

  • Vacation Carry Over (a) A regular employee may carry over up to five (5) days vacation leave per year except that such vacation carryover shall not exceed ten (10) days at any time. An employee shall not receive pay in lieu of vacation time, except upon retirement or termination. All vacation time not requested for scheduling or carryover by three (3) months prior to the end of the vacation year will be scheduled by the Employer following consultation with the employee.

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