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: 1) To be eligible, employees must file a written request with the Chief of Police or his/her designee. 2) Calculation of the payment due shall be based on the employee's regular hourly rate when the vacation hours are paid. 3) For calculation of cash out payment, an employee may elect, in lieu of regular pay, to have their base pay (without administrative assignment pay) increased by an amount equivalent to their longevity pay for the biweekly pay period broken down into an hourly rate times the hours cashed out. The procedure for this election will be by department policy. This provision includes payment for unused hours at separation from service. 4) Employees cashing out their vacation leave under this Article must leave at least one hundred twenty (120) hours of vacation leave in their bank after having cashed out. 5) An employee may apply to the Chief of Police if he/she seeks to cash out their vacation leave under the one hundred twenty (120) hours in Section (4) of this Article.
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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. An employee may, upon request, cash out accumulated but unused regular vacation leave, in increments of twenty at least (20) hours, subject to the following: (1) To be eligible, employees must file a written request with the Chief of Police or his/her designee. (2) Calculation of the payment due shall be based on the employee’s regular hourly rate when the vacation hours are paid. (3) For calculation of cash out payment, an employee may elect, in lieu of regular pay, to have their base pay (without special assignment pay) increased by an amount equivalent to their longevity pay for the biweekly pay period broken down into an hourly rate times the hours cashed out. The procedure for this election will be by department policy. This provision includes payment for unused hours at separation from service. (4) Employees cashing out their vacation leave under this Article must leave at least one hundred twenty (120) hours of vacation leave in their bank after having cashed out. (5) An employee may apply to the Chief of Police if he/she seeks to cash out their vacation leave under the one hundred twenty (120) hours in Section (4) of this Article.
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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.
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Vacation Cash Out Provision. An employee may, upon request and during the window period November 1 through November 30, annually cash out up to eighty (80) hours of accumulated but unused regular vacation leave, in increments of twenty (20) hours, subject to the following: (1) To be eligible, employees must file a written request with the Chief of Police or his designee during the window period specified in paragraph (g) above. (2) Calculation of the payment due shall be based on the employee’s regular hourly rate when the vacation hours are paid. (3) For calculation of cash out payment, an employee may elect, in lieu of regular pay, to have their base pay (without special assignment pay) increased by an amount equivalent to their longevity pay for the biweekly pay period broken down into an hourly rate times the hours cashed out. The procedure for this election will be by department policy. This provision includes payment for unused hours at separation from service.
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Vacation Cash Out Provision. (PRO-TECH)
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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). (b) A single vacation period, which overlaps the end of a vacation year, will be considered as vacation for the vacation year in which it commenced. The portion of vacation taken subsequent to but adjoining the end of the vacation year will not be considered as vacation carryover, nor as a seniority choice for the subsequent vacation year.

  • 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) Except as otherwise provided in this Agreement, vacation leave for a period of not more than five (5) days may, with the consent of the immediate management supervisor, be carried over to the following year, but shall lapse if not used before the close of that year. Request for vacation carry over entitlement shall be made in writing by the Employee to the immediate management supervisor not later than January 31st of the year in which the vacation is earned, provided however that the immediate management supervisor may accept a shorter period of notice of the request. The immediate management supervisor shall respond in writing within one (1) calendar month of receiving an Employee’s request. (b) An Employee scheduled to take vacation and who is unable to do so within the vacation year due to illness, injury, or where operational requirements prevent the immediate management supervisor from scheduling vacation shall be entitled to carry over this unused vacation to the subsequent year.

  • 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: A. Their sick leave balance at the end of the previous calendar year exceeds four hundred and eighty (480) hours; B. The converted sick leave hours do not reduce their previous calendar year sick leave balance below four hundred and eighty (480) hours; and C. They notify their payroll office by January 31st that they would like to convert their sick leave hours earned during the previous calendar year, minus any sick leave hours used during the previous year, to cash. All converted hours will be deducted from the employee’s sick leave balance.

  • 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.

  • Public Benefit It is Reaction Retail’s understanding that the commitments it has agreed to herein, and actions to be taken by Reaction Retail under this Settlement Agreement, would confer a significant benefit to the general public, as set forth in Code of Civil Procedure § 1021.5 and Cal. Admin. Code tit. 11, § 3201. As such, it is the intent of Reaction Retail that to the extent any other private party initiates an action alleging a violation of Proposition 65 with respect to Reaction Retail’s failure to provide a warning concerning exposure to DEHP prior to use of the Products it has manufactured, distributed, sold, or offered for sale in California, or will manufacture, distribute, sell, or offer for sale in California, such private party action would not confer a significant benefit on the general public as to those Products addressed in this Settlement Agreement, provided that Reaction Retail is in material compliance with this Settlement Agreement.

  • Vacation Pay Paid Union leaves. All other payments, premiums, allowances etc. are excluded.

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