Common use of Vacation Leave Cash Out Clause in Contracts

Vacation Leave Cash Out. ‌ Employees who complete twelve (12) months of employment and voluntarily end employment or reduce their FTE to below 0.5 FTE, will be paid for unused vacation if they give the required advanced notice (14 calendar days). No sick or vacation time will accrue during the advanced notice period. Vacation leave may also be cashed out to an employee when the employee’s leave balance exceeds 100 hours at one hundred percent (100%) of the employee’s regular rate of pay. The request for cash-out must be submitted in writing five (5) days prior to the end of the pay period. All cash-outs are subject to lawful withholding.

Vacation Leave Cash Out. ‌ Employees who complete twelve (12) months of employment and voluntarily end employment or reduce their FTE to below 0.5 FTE, will be paid for unused vacation if they give the required advanced notice (14 calendar days). No sick or vacation time will accrue during the advanced advanced--- notice period. Vacation leave may also be cashed out to an employee when the employee’s leave balance exceeds 100 hours at one hundred percent (100%) of the employee’s regular rate of pay. The request for cash----out must be submitted in writing five (5) days prior to the end of the pay period. All cash-outs are subject to lawful withholding.five

Vacation Leave Cash Out. ‌ Employees who complete twelve (12) months of employment and voluntarily end employment or reduce their FTE to below 0.5 FTE, will be paid for unused vacation if they give the required advanced notice (14 calendar days). No sick or vacation time will accrue during the advanced advanced-­‐ notice period. Vacation leave may also be cashed out to an employee when the employee’s leave balance exceeds 100 hours at one hundred percent (100%) of the employee’s regular rate of pay. The request for cash-out cash-­‐out must be submitted in writing five (5) days prior to the end of the pay period. All cash-outs cash-­‐outs are subject to lawful withholding.