Vacation Cash Out Provision Sample Clauses

Vacation Cash Out Provision. An employee may, upon request, cash out accumulated but unused regular vacation leave, in increments of twenty (20) hours, subject to the following:
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Vacation Cash Out Provision. Effective July 1, 2006, upon request employees may, during the year and annually within subsequent calendar years, cash out up to 40 hours of accumulated but unused regular vacation leave in increments of 20 hours. To be eligible, employees must file a written request with their Department Head and demonstrate that the employee has taken at least two (2) weeks of paid time off in the previous 12 months with a minimum of five (5) consecutive vacation days or has been denied a leave request made at least 30 days prior to the desired time off and been denied by the Department Head.
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Vacation Cash Out Provision. (PRO-TECH) Effective July 1, 2019, upon request, covered members may, cash out up to five (5) days per year of accumulated, but unused vacation leave by providing notice to the District in November 2019. The cash out shall be given to the covered member in their subsequent December 2019 paycheck. Beginning June 2020 and in subsequent years thereafter, the covered member may cash out, up to five (5) days per year of accumulated, but unused vacation leave, by providing notice to the District in June. The cash out shall then be given to the covered member in their subsequent July paycheck. Effective upon ratification, for the term of this agreement bargaining unit members who accrue vacation leave may cash out an additional five (5) days per year of accumulated, but unused vacation leave. For the 2021- 2022 and 2022-2023 school years bargaining unit members may cash out an additional five (5) days of accumulated, but unused vacation leave for a total of ten (10) days by providing notice in June for payment in their subsequent July paycheck. An additional cash-out period will be provided in November 2022 for the five (5) additional days of accumulated, but unused, vacation leave from 2021-2022. The cash out shall be given to the covered member in their subsequent December 2022 paycheck.
Sample 1
Vacation Cash Out Provision. (PRO-TECH) Effective July 1, 2019, upon request, covered members may, cash out up to five (5) days per year of accumulated, but unused vacation leave by providing notice to the District in November 2019. The cash out shall be given to the covered member in their subsequent December 2019 paycheck. Beginning June 2020 and in subsequent years thereafter, the covered member may cash out, up to five (5) days per year of accumulated, but unused vacation leave, by providing notice to the District in June. The cash out shall then be given to the covered member in their subsequent July paycheck.
Sample 1

Related to Vacation Cash Out Provision

  • 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 Payout Where an employee requests in writing to have a specific number of vacation days paid out, and the Employer agrees to the request, the Employer will issue pay in lieu of vacation. Pay in lieu of vacation, if agreed, will be granted only after a minimum of 15 days' vacation time has already been taken in the year.

  • Vacation Carryover (a) A regular employee may carry over up to 10 days' vacation leave per year. Vacation carryover will not exceed 10 days at any time. An employee will not receive pay in lieu of vacation time, except upon retirement or termination, or as requested by the employee in Clause 18.13 (Vacation Payout).

  • 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.

  • 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.

  • Vacation Pay Advance Where an Employee requests vacation pay in advance and provides fourteen (14) days written notice prior to the commencement of the vacation, vacation pay shall be provided to the Employee no later than her last scheduled working day prior to vacation.

  • Sick Leave Annual Cash Out ‌ Each January, employees are eligible to receive cash on a one (1) hour for four (4) hours basis for ninety-six (96) hours or less of their accrued sick leave, if:

  • Sick Leave Cash Out Eligible employees may elect to receive monetary compensation for accrued sick leave as follows: In January of each year an employee whose sick leave balance at the end of the previous year exceeds four hundred eighty (480) hours may elect to convert the sick leave hours earned in the previous calendar year, minus those hours used during the year, to monetary compensation. No sick leave hours may be converted which would reduce the calendar year end balance below four hundred eighty (480) hours. Monetary compensation shall be paid at the rate of twenty-five percent and shall be based on the employee’s current salary. All converted hours will be deducted from the sick leave balance. Employees who separate from University service due to retirement or death shall be compensated for the unused sick leave accumulation from the date of most recent hire in a leave eligible position with the State of Washington at the rate of 25%. Compensation shall be based upon the employee’s wage at the time of separation. For the purpose of this section, retirement shall not include vested out of service employees who leave funds on deposit with the retirement system. Former eligible employees who are re-employed within three (3) years of their separation from service shall be granted all unused sick leave credits, if any, to which they are entitled at time of separation.

  • 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.

  • PTO Cash Out Non-probationary employees who terminate shall be paid for all unused, accrued paid time off. Such cash out shall be made by the Employer at the time of the employee’s final paycheck.

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