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.
Vacation Cash Out. An employee may cash out his or her accrued vacation hours not to exceed eighty (80) hours or the number of hours equal to 75% of his/her vacation annual accrual rate whichever is greater. The cash out must be in accordance with District policy.
Vacation Cash Out. Upon termination of employment the District shall allow the employee or, in the case of the employee’s death, their estate, to elect to be paid for accumulated vacation in an amount not to exceed thirty (30) days, or such lesser amount as may be necessary so that the District avoids any attendant financial penalty or other legal constraints, provided that an employee who terminates employment with the District is entitled to paid vacation. Cash out of accumulated annual leave will be at the rate of 1/223rd of the employee’s annual salary. Every employee shall make arrangements to use excess accumulated leave before the employee’s termination date. Any accrued vacation in excess of 30 days will be lost; the District will not allow the employee to extend the resignation date to access unused vacation.
Vacation Cash Out. During the term of this MOU only, employees who have used eighty (80) or more hours of vacation leave during the preceding calendar year may make an irrevocable election in December (i.e., pre- designation) specifying the number of hours to be sold back from the next calendar year’s Vacation Leave accrual. During the calendar year following the pre-designation, no more than three (3) requests may be made to cash out the vacation leave in a single block of not less than eight (8) hours and no more than sixty (60) hours. An employee shall be eligible to cash-out vacation leave hours accrued up to the preceding pay period in which he/she requested the cash-out. For example, an employee who requests a cash-out in pay period 15 can only cash-out the vacation leave accrued through pay period 14. The number of hours requested for cash-out shall not exceed an amount equal to or less than the amount accrued. For example, an employee in December 2017 makes a pre-designation to cash-out 25 hours. The employee accrues 4.61 hours of vacation leave per pay period. At the end of pay period 3 the employee can request to cash-out the 8 hours of vacation leave that she had accrued through pay period 2, but is not yet eligible to cash-out the entire 25 pre-designated hours because the employee has yet to accrue 25 hours of vacation leave. Once an election is made, if the employee does not request that the designated number of hours be sold back by pay period 25, or 26 when applicable, of the calendar year in which the election is effective, the hours will be automatically converted to cash in the last pay period of the calendar year.
Vacation Cash Out. Each employee has the option to cash out accrued vacation leave based upon the years of service completed at the time of the exercise of the option on two occasions each calendar year (on or about July 1 and the last paycheck in December), as follows: Years of Service Completed Maximum number of total cashable hours Less than 5 years Up to 30 hours 5 years or more Up to 60 hours In order to exercise this option with respect to the July 1st cash-out, an employee must, before the end of the preceding calendar year, designate the number of hours, up to the applicable maximum number of hours allowed, that he/she would like to cash out effective July 1st . If the employee fails to make a designation, he/she will not be allowed to cash out any hours at that time. In order to exercise this option with respect to the December 31st cash-out, an employee must, before the end of the preceding calendar year, designate the number of hours, up to the applicable maximum number of hours allowed, that he/she would like to cash out effective December 31st. If the employee fails to make a designation, he/she will not be allowed to cash out any hours at that time. Once an employee has elected to participate in the Vacation Cash-Out Program, the total number of hours designated for cash-out will be automatically processed and paid. If an employee has a lower balance of vacation leave than elected vacation hours, only available vacation hours at the time of cash-out will be processed. For employees who elect to cash out vacation hours as specified above, those hours will be paid to the employee at the end of the fiscal year at the same time as the Sick Leave Buy Back Program.
Vacation Cash Out. Effective July 1, 2014, employees will be paid out at the end of each school year for any accrued vacation in excess of one hundred and ninety two (192) hours. However, the cash payout for vacation will be limited to forty (40) hours in a single year. Vacation balances will be determined on March 1st each year. This payment will be automatically made no later than June 30th each year.
Vacation Cash Out. Pursuant to Internal Revenue Service Rules and Regulations, employees may annually, with the approval of the County Administrator, cash-out, up to forty (40) hours of vacation. In order to convert such vacation to cash, the employee must, during Open Enrollment of the payroll year PRIOR to cash out, submit to the EMPLOYER on- line, the specific number of vacation hours requested for cash out. The EMPLOYER shall convert such vacation to cash at a designated time during the payroll year following receipt of the irrevocable election. At the employee’s option, he/she may deposit all or part of this cash into a deferred compensation account. ARTICLE 11B – PAID TIME OFF (PTO)
Section 1. Employees Hired On or After December 21, 2009:
Section 2. Employees Hired Prior to December 21, 2009:
Section 3. Unused paid time off (PTO) hours, which have accrued to the credit of the employee, may be accumulated to a maximum of sixty (60) days (480 hours).
Section 4. For employees who choose paid time off (PTO), paid time off (PTO) and vacation hours shall be combined and referred to as paid time off (PTO). However, no employee may accrue more than 480 hours of paid time off (PTO). The EMPLOYER shall not be responsible for managing an employee’s paid time off (PTO) balance so as to ensure no loss of benefit because the balance is at or near the 480 hour limit. Correspondingly, the EMPLOYER will not force an employee to take paid time off (PTO) for such purpose.
Section 5. Requests for paid time off (PTO) must be submitted to the employee’s designated supervisor at least forty-eight (48) hours in advance of the absence requested and are subject to the supervisor’s written approval. The forty-eight (48) hour notice requirement may be waived in the event of illness, or if in the judgment of the supervisor, the leave will not cause undue inconvenience to the EMPLOYER. The EMPLOYER shall respond in writing to written employee paid time off (PTO) requests within seven (7) calendar days of the date the request is received provided the request is received by the EMPLOYER at least seven (7) calendar days prior to the beginning of the requested paid time off (PTO) period. Such EMPLOYER approval must be received by the employee in order for such paid time off (PTO) request to be considered approved. Paid time off (PTO), once approved, shall not be cancelled by the EMPLOYER, except for unforeseen circumstances.
Section 6. When it is necessary for the EMPLOYER to disapprove paid time off ...
Vacation Cash Out. If an employee has accumulated at least three (3) weeks of vacation leave (120 hours for full-time, 60 hours for half-time), the employee may choose to cash out one (1) week of vacation (40 hours for full-time, 20 hours for half-time). This option is limited to one (1) occurrence per fiscal year.
Vacation Cash Out. During the term of this MOU only, nurses who have used eighty (80) or more hours of vacation leave during the preceding calendar year may make an irrevocable election in December specifying the number of hours to be sold back from the next calendar year’s Vacation Leave accrual. Such election must be made in increments of not less than eight (8) hours and shall not exceed sixty (60) hours. All hours pre-elected to be sold back that remain at the end of the calendar year will be automatically converted into cash at the employee’s then current base rate of pay in the last pay period of the calendar year.
Vacation Cash Out. AFSCME Unit 4 employees who are represented by Local 3260 may request to cash out up to 40 hours of their accumulated vacation time each fiscal year. Denials of requests will not be grounds for a grievance.
