Common use of Vacation Cashout Clause in Contracts

Vacation Cashout. In addition to Article 14, Section 7 of the Agreement, employees may cash out up to forty (40) hours of accrued vacation hours each State fiscal year under the following conditions: a. Employees must have regular status at the time of the request; b. Employees shall receive payment within thirty (30) days from the date of their cash out request made through the human resources information system. c. Payment shall be the employee’s straight time rate of pay; d. Employees on unprotected leave without pay at the time the payment is requested are not eligible to cash out accrued vacation hours.

Vacation Cashout. In addition to Article 1431.8, Section 7 of the Agreement, employees may cash out up to forty (40) hours of accrued vacation hours each State fiscal year under the following conditions: a. Employees must have regular status at the time of the request; b. Employees shall receive payment within thirty (30) days from the date of their cash out request made through the human resources information system. c. After cash out, employees must have in their leave balance at least sixty (60) hours of accrued vacation leave hours; d. Payment shall be the employee’s straight time rate of pay; d. e. Employees on unprotected leave without pay at the time the payment is requested are not eligible to cash out accrued vacation hours.