Common use of Vacation Cash Out Clause in Contracts

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.

Appears in 12 contracts

Samples: Collective Bargaining Agreement, Agreement, Letter of Agreement

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Vacation Cash Out. In each calendar year, an employee may make a one-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.

Appears in 5 contracts

Samples: Letter of Agreement, Letter of Agreement, Letter of Agreement

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