Vacation Cash Out Option. For the term of this agreement, an employee with at least five (5) years of Court service may voluntarily cash out up to twenty (20) hours of accrued vacation leave once per fiscal year beginning July 1, 2018, so long as the employee has a remaining balance of at least eighty (80) hours of accrued compensatory leave (includes vacation, holiday float, and compensatory time) after the cash out. In order to cash out accrued vacation leave hours, all of the following conditions will apply:
Vacation Cash Out Option. 1. Effective upon the implementation date of this MOU, employees wishing to cash out vacation leave hours may do so only in accordance with the following rules and requirements and per the guideline set forth by the Internal Revenue Service per Section 451 (a) of the Internal Revenue Code and Section 1.451-1(a) of the Income tax Regulations and Time Limitations.
Vacation Cash Out Option. At the end of each fiscal year, an employee may cash out up to 5 days of vacation each year (effective with the fiscal year beginning 9/1/11), providing the following conditions are met: • Estimated vacation balance as of August 31 is greater than 20 days (150 hours) • Estimated sick leave balance as of August 31 is at least 80 days (600 hours) • Only vacation days in excess of 20 may be cashed out, up to a maximum of 5 days; any remaining vacation in excess of 20 days will be converted to sick leave as of September 1 of each year • A completed election form is submitted to the Human Resources Office by August 15th of each year. Vacation Cash Out payments will be made in the first pay period of September.
Vacation Cash Out Option. Line employees shall be entitled to cash in for full pay, a maximum of two and one-half (2-1/2) vacation days once each year, provided they maintain a minimum of five
Vacation Cash Out Option. At the employee’s option, on a one-time per year basis, one (1) week of paid vacation may be obtained. However, the election to do so must be made in writing in the calendar year before the year in which the employee wishes to exercise the cash-out option. Such election must be submitted to the Human Resources Director between November 1 and December 15 in the year before the desired cash-out, on a form approved by the Human Resources Director.
Vacation Cash Out Option. If a Sergeant has taken at least two weeks (80 hours) of vacation leave in a fiscal year, the Sergeant will be eligible to cash in one week (40 hours) of vacation accrual within that same fiscal year at the Sergeant’s base rate of pay.
Vacation Cash Out Option. On or before June 1 of each calendar year, an employee may submit a request for a vacation cash-out. Employees must have in excess of 40 hours of vacation on the books, and have utilized no less than 40 hours of vacation in the last 12 months. The Employer in its sole discretion may grant or deny such requests either in whole or in part.
Vacation Cash Out Option. At the employee's option, on a one-time per year basis, one
