Common use of Vacation Leave Payout Clause in Contracts

Vacation Leave Payout. This payout provision applies to a member, who has completed five (5) years of service and, as of October 30 of each year has accrued but unused vacation hours in excess of two (2) times their annual accrual of vacation leave. Such a member may make written application to the Finance Office between November 1st and November 30th of each year of this agreement to cash in no more than forty (40) hours in excess of two (2) times their annual accrual of vacation leave. The written application shall be time-stamped in order of receipt. Provided that funding is available, the payout shall be made to the members in the order that the applications were received. It shall be paid no later than when the check is issued for the second pay period in January of the year following such request. The payout will be made at the member's hourly rate of pay at the time of payout.

Vacation Leave Payout. This payout provision applies to a member, who has completed five (5) years of service and, as of October 30 of each year has accrued but unused vacation hours in excess of two (2) times their annual accrual of vacation leave. Such a member employee may make written application to the Finance Office between November 1st and November 30th of each year of this agreement to cash in no more than forty (40) hours in excess of two (2) times their annual accrual of vacation leave. The written application shall be time-stamped in order of receipt. Provided that funding is available, the payout shall be made to the members in the order that the applications were received. It shall be paid no later than when the check is issued for the second pay period in January of the year following such request. The payout will be made at the member's hourly rate of pay at the time of payout.

Vacation Leave Payout. This payout provision applies to a member, member who has completed five three (53) years of service and, and as of October 30 of each year has accrued but unused vacation hours in excess of two (2) times their annual accrual of vacation leave. Such a member an employee may make written application to the Finance Office between November 1st and November 30th of each year of this agreement to cash in no more than forty (40) hours in excess of two (2) times their annual accrual of vacation leave. The written application shall be time-time stamped in order of receipt. Provided that funding is available, the payout shall be made to the members in the order that the applications were received. It shall be paid no later than when the check is issued for the second pay period in January of the year following such request. The payout will be made at the member's ’s hourly rate of pay at the time of payout.

Vacation Leave Payout. This payout provision applies to a member, member who has completed five (5) years of service and, and as of October 30 of each year has accrued but unused vacation hours in excess of two (2) times their annual accrual of vacation leave. Such a member an employee may make written application to the Finance Office between November 1st and November 30th of each year of this agreement to cash in no more than forty (40) hours in excess of two (2) times their annual accrual of vacation leave. The written application shall be time-time stamped in order of receipt. Provided that funding is available, the payout shall be made to the members in the order that the applications were received. It shall be paid no later than when the check is issued for the second pay period in January of the year following such request. The payout will be made at the member's ’s hourly rate of pay at the time of payout.