Common use of Vacation Cash Out Clause in Contracts

Vacation Cash Out. Pursuant to Internal Revenue Service Rules and Regulations, employees may annually, with the approval of the County Administrator, cash-out, up to forty (40) hours of vacation. In order to convert such vacation to cash, the employee must, during Open Enrollment of the payroll year PRIOR to cash out, submit to the EMPLOYER on- line, the specific number of vacation hours requested for cash out. The EMPLOYER shall convert such vacation to cash at a designated time during the payroll year following receipt of the irrevocable election. At the employee’s option, he/she may deposit all or part of this cash into a deferred compensation account. ARTICLE 11B – PAID TIME OFF (PTO)

Vacation Cash Out. Pursuant to Internal Revenue Service Rules and Regulations, employees may annually, with the approval of the County Administrator, cash-out, up to forty (40) hours of vacation. In order to convert such vacation to cash, the employee must, during Open Enrollment of the payroll year PRIOR to cash out, submit to the EMPLOYER on- line, the specific number of vacation hours requested for cash out. The EMPLOYER shall convert such vacation to cash at a designated time during the payroll year following receipt of the irrevocable election. At the employee’s option, he/she may deposit all or part of this cash into a deferred compensation account. ARTICLE 11B – PAID TIME OFF (PTO)PTO)‌

Vacation Cash Out. Pursuant to Internal Revenue Service Rules and Regulations, employees may annually, with the approval of the County Administrator, cash-out, up to forty (40) hours of vacation. In order to convert such vacation to cash, the employee must, during Open Enrollment of the payroll year PRIOR to cash out, submit to the EMPLOYER on- on-line, the specific number of vacation hours requested for cash out. The EMPLOYER shall convert such vacation to cash at a designated time during the payroll year following receipt of the irrevocable election. At the employee’s option, he/she may deposit all or part of this cash into a deferred compensation account. ARTICLE 11B – PAID TIME OFF (PTO).

Vacation Cash Out. Pursuant to Internal Revenue Service Rules and Regulations, employees EMPLOYEES may annually, with the approval of the of, County Administrator, cash-out, out up to forty (40) hours of vacation. In order to convert such vacation to cash, the employee EMPLOYEE must, during Open Enrollment of the payroll year PRIOR to cash out, submit to the EMPLOYER on- lineon-line in writing, the specific number of vacation hours requested for cash out. The EMPLOYER shall convert such vacation to cash at a designated time during the payroll year following receipt of the irrevocable election. At the employeeEMPLOYEE’s option, he/she may deposit all or part of this cash into a deferred compensation account. ARTICLE 11B – PAID TIME OFF (PTO)PTO)‌

Vacation Cash Out. Pursuant to Internal Revenue Service Rules and Regulations, employees may annually, with the approval of the County Administrator, cash-out, up to forty (40) hours of vacation. In order to convert such vacation to cash, the employee must, during Open Enrollment of the payroll year PRIOR to cash out, submit to the EMPLOYER on- on-line, the specific number of vacation hours requested for cash out. The EMPLOYER shall convert such vacation to cash at a designated time during the payroll year following receipt of the irrevocable election. At the employee’s option, he/she may deposit all or part of this cash into a deferred compensation account. ARTICLE 11B – PAID TIME OFF (PTO)PTO)‌

Vacation Cash Out. Pursuant to Internal Revenue Service Rules and Regulations, employees may annually, with the approval of the County Administrator, cash-out, out up to forty (40) hours of vacation. In order to convert such vacation to cash, the employee must, during Open Enrollment open enrollment of the payroll year PRIOR prior to cash out, submit to the EMPLOYER on- linein writing (online), the specific number of vacation hours requested for cash out. The EMPLOYER shall convert such vacation to cash at a designated time during the payroll year following receipt of the irrevocable election. At the employee’s option, he/she may deposit all or part of this cash into a deferred compensation account. ARTICLE 11B 12B – PAID TIME OFF (PTO)PTO‌ Employees hired prior to 4/12/2020 choosing PTO‌

Vacation Cash Out. Pursuant to Internal Revenue Service Rules and Regulations, employees may annually, with the approval of the County Administrator, cash-out, out up to forty (40) hours of vacation. In order to convert such vacation to cash, the employee must, during Open Enrollment of the payroll year PRIOR to cash outconversion, submit to the EMPLOYER on- linein writing (online), the specific number of vacation hours requested for cash out. The EMPLOYER shall convert such vacation to cash at a designated time during the payroll year following receipt of the irrevocable election. At the employee’s option, he/she may deposit all or part of this cash into a deferred compensation account. ARTICLE 11B – PAID TIME OFF (PTO).