Common use of Vacation Leave Cash Out Clause in Contracts

Vacation Leave Cash Out. By no later than December 15th of each year, employees may make an irrevocable decision to cash out up to 50 hours of vacation that will be accrued during the next year. Cash Out requests must be made on a form to be provided by the County and shall include the number of hours the employee wishes to cash out and the date, after July 1, in the following year on which the employee wishes to receive the payment. The payment will occur in the pay period immediately following the date selected. Irrevocable Election: Once made, both the election to cash out vacation leave and the date upon which the cash out is scheduled to occur is irrevocable. Employees will only be able to modify the date scheduled in cases of unforeseen emergencies, such as an unanticipated need to utilize vacation leave for a leave of absence due to medical reasons, and only upon approval of the Personnel Director or his or her designee. If, on the date scheduled for cash out, the employee does not have enough vacation leave available to satisfy the election, the County will cash out the vacation leave up to the amount available. In that case, the County will be deemed to have satisfied its obligation to cash out vacation leave pursuant to the employee’s election and no further cash out will occur. For example, if an employee elects to cash out 5 days of vacation leave on August 1, but only has 3 days of vacation leave available on that date, the County will cash out the employee’s available 3 days of vacation leave and no further cash out will occur pursuant to that election.

Vacation Leave Cash Out. By no later than December 15th of each year, employees may make an irrevocable decision to cash out up to 50 40 hours of vacation that will be accrued during the next year. Cash Out requests must be made on a form to be provided by the County and shall include the number of hours the employee wishes to cash out and the date, after July 1, in the following year on which the employee wishes to receive the payment. The payment will occur in the pay period immediately following the date selected. Irrevocable Election: Once made, both the election to cash out vacation leave and the date upon which the cash out is scheduled to occur is irrevocable. Employees will only be able to modify the date scheduled in cases of unforeseen emergencies, such as an unanticipated need to utilize vacation leave for a leave of absence due to medical reasons, and only upon approval of the Personnel Director or his or her designee. If, on the date scheduled for cash out, the employee does not have enough vacation leave available to satisfy the election, the County will cash out the vacation leave up to the amount available. In that case, the County will be deemed to have satisfied its obligation to cash out vacation leave pursuant to the employee’s election and no further cash out will occur. For example, if an employee elects to cash out 5 days of vacation leave on August 1, but only has 3 days of vacation leave available on that date, the County will cash out the employee’s available 3 days of vacation leave and no further cash out will occur pursuant to that election.

Vacation Leave Cash Out. By no later than December 15th of each year, employees may make an irrevocable decision to cash out up to 50 40 hours of vacation that will be accrued during the next year. Cash Out requests must be made on a form to be provided by the County and shall include the number of hours the employee wishes to cash out and the date, after July 1, in the following year on which the employee wishes to receive the payment. The payment will occur in the pay period immediately following the date selected. Irrevocable Election: Once made, both the election to cash out vacation leave and the date upon which the cash out is scheduled to occur is irrevocable. Employees will only be able to modify the date scheduled in cases of unforeseen emergencies, such as an unanticipated need to utilize vacation leave for a leave of absence due to medical reasons, and only upon approval of the Personnel Director or his or her designee. If, on the date scheduled for cash out, the employee does not have enough vacation leave available to satisfy the election, the County will cash out the vacation leave up to the amount available. In that case, the County will be deemed to have satisfied its obligation to cash out vacation leave pursuant to the employee’s election and no further cash out will occur. For example, if an employee elects to cash out 5 days of vacation leave on August 1, but only has 3 days of vacation leave available on that date, the County will cash out the employee’s available 3 days of vacation leave and no further cash out will occur pursuant to that election.. GCMM A_MOU_202021 19 Memorandum of Understanding Between the County of Xxxxx and the Xxxxx County Mid Managers'