Common use of Vacation Cash Out Clause in Contracts

Vacation Cash Out. If an employee has accumulated at least three (3) weeks of vacation leave (120 hours for full-time, 60 hours for half-time), the employee may choose to cash out one (1) week of vacation (40 hours for full-time, 20 hours for half-time). This option is limited to one (1) occurrence per fiscal year.

Vacation Cash Out. If an employee has accumulated For full-time employees, vacation may be cashed-out up to fifty (50) hours of vacation annually if at least three eighty (380) weeks hours of vacation/compensatory time has been used in the previous twelve (12) months. Regular part-time employees may cash-out accrued vacation up to twenty-five (25) hours of vacation leave annually if at least forty (120 40) hours for fullof vacation/compensatory time has been used in the previous twelve (12) months. Cash-time, 60 hours for half-time), the employee may choose to cash out one (1) week of vacation (40 hours for full-time, 20 hours for half-time). This option is limited to one (1) occurrence once per fiscal calendar year.

Vacation Cash Out. If an An employee who has accumulated at least accrued three hundred (3300) weeks or more hours of vacation leave may cash out vacation in excess of three hundred (120 300) hours for fullin any month, except May or June. Vacation cash-timeout must be a minimum of forty (40) hours. This provision sunsets on January 1, 60 hours for half-time)2025. After January 1, the employee may choose 2025 employees will no longer be able to cash out one (1) week of vacation (40 hours for full-time, 20 hours for half-time). This option is limited to one (1) occurrence per fiscal yearleave.

Vacation Cash Out. If an employee has accumulated Employees who have used at least three forty (340) weeks consecutive hours or sixty (60) non-consecutive hours of vacation leave in the previous twelve (120 hours for full-time, 60 hours for half-time), the employee 12) months may choose to cash out one up to forty (140) week hours of accrued vacation (40 hours for full-time, 20 hours for half-time). This option is limited to one (1) occurrence per fiscal year. Leave time for which the employee is paid will be deducted from the employee’s leave bank. Payment for hours cashed out under this section shall be at the base pay exclusive of differentials.

Vacation Cash Out. If an An employee has accumulated at least three (3) weeks of may cash-out vacation leave (120 hours for full-time, 60 hours for half-time), the employee may choose to cash out one (1) week of vacation (40 hours for full-time, 20 hours for half-time). This option is limited to one (1) occurrence once per fiscal year, at straight time rates, a maximum of 100 hours per fiscal year from the vacation bank. An employee must retain a minimum balance of 40 hours in their vacation bank at the time of the cash-out. The cash-out must be designated in writing by December of the prior calendar year and is irrevocable after being designated.

Vacation Cash Out. If an employee has accumulated at least three (3) weeks of vacation leave (120 hours for full-time, 60 hours for half-time)leave, the employee may choose to cash out one (1) week of vacation (40 hours for full-time, 20 hours for half-time)vacation. This option is limited to one (1) occurrence per fiscal year.