Common use of Vacation Cash-Out at Termination / Retirement - RHSP Clause in Contracts

Vacation Cash-Out at Termination / Retirement - RHSP. Any unit employee who has completed at least one year of service with the City prior to termination shall be paid at the base hourly rate then being received for the vacation to which the employee would otherwise be entitled and also for vacation days earned by reason of months worked in the current calendar year, provided said vacation days have not been taken at or prior to the date of separation. Unit employees will have all of their accumulated vacation hours placed into their RHSP account upon their retirement. Further details on unused accumulated vacation leave and RHSP are set forth in Article Four of this agreement.

Vacation Cash-Out at Termination / Retirement - RHSP. 1. Any unit employee who has completed at least one year of service with the City prior to termination shall be paid at the base hourly rate then being received for the vacation to which the employee would otherwise be entitled and also for vacation days leave hours earned by reason of months worked in the current calendar year, year provided said vacation days leave hours have not been taken at or prior to the date of separation. 2. Unit At retirement, unit employees will have all of their accumulated vacation hours placed into their RHSP account upon their retirementsubject to IRS regulations. 3. Further details on unused accumulated vacation leave and RHSP are set forth in Article Four of this agreement.