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. 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. 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. 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.
a. Employee must have a current balance of at least two hundred forty (240) hours before the employee can submit a cash out request.
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:
Vacation Cash Out Option. 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, 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:
1. Adequate funding must be available;
2. The employee must have a remaining balance of at least eighty (80) hours of accrued compensatory leave (includes vacation, holiday float, and compensatory time) after the cash out;
3. Applications are available in the Human Resources Department and must be submitted with sufficient advance notice to Human Resources to review and confirm eligibility;
4. The request must be approved by the CEO; and
5. Vacation hours paid to the employee will be paid at the employee's base, biweekly salary at the time of cash-out, not including any differentials and supplementals.
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.
a. Employee must have a current balance of at least two hundred forty (240) hours before the employee can submit a cash out request.
x. Xxxx out request must be made in writing using the form provided by the Human Resources Department and just be received by Human Resources no later than November 30.
c. All cash out request, except upon termination of employment, will apply only to vacation hours that will be earned in the calendar year following the year of the request and may not be made with respect to already accrued vacation hours.
d. Vacation cash outs will be paid out using base salary in the year of the cash out for up to a maximum of one hundred (100) hours in each calendar year. The cash out payment will be made the pay period after the requested number of hours has been accrued. Until the elected number of cash out hours have been accrued and cashed out, any vacation taken by the employee will reduce vacation hours accrued in prior years.
e. Vacation cash out elections are irrevocable.
f. This policy does not allow for any emergency cash outs.
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.
