Voluntary cashout. Employees will be afforded the opportunity to request cash out of accrued but unused vacation and compensatory leave hours. Requested cash out hours must be accrued and paid in the calendar year following the request, and employees must have 120 hours of vacation accrued on December 31 of the year in which the request is submitted to be eligible for the cash out in the subsequent year. The two cash-out dates each year when the elected hours may be paid are pay period 12 and pay period 25. The cashout election is irrevocable. The nurse must elect which one of the two cash out dates when payment will be made. Hours available for cashout are limited to those that accrue in the year for which cashout is requested. The hours will be converted to cash at the base pay rate on the employee’s primary assignment in effect at the time cashout occurs. Hours designated for cash-out will not be available for vacation use. When an employee requests a voluntary cash-out, the first hours of vacation matching the employee’s request for cash-out that the employee accrues in the following calendar year will be held in a separate bank and be unavailable to use for any paid time off. Nurses are not allowed to access hours accrued in a prior period to reach the original cashout elected. Maximum cashout of vacation/holiday time allowed is one hundred (100) hours per calendar year. 364 hours max all steps so best for most rates only behind St. Xxxxxxx'x top step Cash Out Prov. St. Xxxxxxx PTO 4. For regular nurses on schedules consisting of three (3) days each week, with each workday consisting of a 12-hour shift, or four (4) days each week, with each workday consisting of a 9-hour shift, the accrual rates in paragraphs 1, 2 and 3 immediately above will be changed to 0.0963, 0.1155, and 0.1347 hours, respectively, per paid hour, not to exceed 72 paid hours per two-week pay period. A.
Voluntary cashout. Employees will be afforded the opportunity to request cash out of accrued but unused vacation and compensatory leave hours. Requested cash out hours must be accrued and paid in the calendar year following the request, and employees must have 120 hours of vacation accrued on December 31 of the year in which the request is submitted to be eligible for the cash out in the subsequent year. The two cash-out dates each year when the elected hours may be paid are pay period 12 and pay period 25. The cashout election is irrevocable. The nurse must elect which one of the two cash out dates when payment will be made. Hours available for cashout are limited to those that accrue in the year for which cashout is requested. The hours will be converted to cash at the base pay rate on the employee’s primary assignment in effect at the time cashout occurs. Hours designated for cash-out will not be available for vacation use. When an employee requests a voluntary cash-out, the first hours of vacation matching the employee’s request for cash-out that the employee accrues in the following calendar year will be held in a separate bank and be unavailable to use for any paid time off. Nurses are not allowed to access hours accrued in a prior period to reach the original cashout elected. Maximum cashout of vacation/holiday time allowed is one hundred (100) hours per calendar year.
Voluntary cashout. Employees will be afforded the opportunity to request cashout of accrued but unused vacation time (provided they have a vacation accrual balance of 120 hours or more) and compensatory leave hours two (2) times annually as follows: (1) in November for the period of January through June of the following year, and (2) in May for the following period of July through December.
Voluntary cashout. Nurses will be afforded the opportunity to 17 request cashout of accrued but unused vacation and holiday time (provided they 18 have an unencumbered vacation accrual balance of 120 hours or more) and/or 19 compensatory time two times annually as follows: (1) in November for the period 20 of January through June of the following year, and (2) in May for the following 21 period of July through December. The cashout election is irrevocable. The 22 nurse must designate the number of hours he or she wishes to cash out and the 23 paycheck on which the payment should be reflected. Hours available for cashout 24 are limited to those that accrue in the period for which cashout is requested. The 25 hours will be converted to cash at the base pay rate in effect at the time cashout 26 occurs. Hours cashed out on the payment date will be the lesser of the amount 27 of vacation and holiday time requested or the amount of vacation and holiday 28 time remaining unused for the period in question. Nurses are not allowed to 29 access hours accrued in a prior period to reach the original cashout elected. 30 Maximum cashout of vacation and holiday time allowed is fifty (50) hours per 31 occurrence.
Voluntary cashout. Nurses will be afforded the opportunity to request cashout of accrued but unused vacation time (provided they have an unencumbered vacation accrual balance of 120 hours or more), compensatory leave and/or holiday hours two times annually as follows: (1) in November for the period of January through June of the following year, and (2) in May for the following period of July through December. The cashout election is irrevocable. The nurse must designate the number of hours he or she wishes to cash out and the paycheck on which the payment should be reflected. Hours available for cashout are limited to those that accrue in the period for which cashout is requested. The hours will be converted to cash at the base pay rate in effect at the time cashout occurs. Hours cashed out on the payment date will be the lesser of the amount of vacation time requested or the amount of vacation time remaining unused for the period in question. Nurses are not allowed to access hours accrued in a prior period to reach the original cashout elected. Maximum cashout of vacation time allowed is forty
Voluntary cashout. Nurses will be afforded the opportunity to request cashout of accrued but unused vacation and holiday time (provided they have an unencumbered [vacation] accrual balance of 120 hours or more)[,] and/or compensatory time [leave and/or holiday hours] two times annually as follows: (1) in November for the period of January through June of the following year, and (2) in May for the following period of July through December. The cashout election is irrevocable. The nurse must designate the number of hours he or she wishes to cash out and the paycheck on which the payment should be reflected. Hours available for cashout are limited to those that accrue in the period for which cashout is requested. The hours will be converted to cash at the base pay rate in effect at the time cashout occurs. Hours cashed out on the payment date will be the lesser of the amount of vacation and holiday time requested or the amount of vacation and holiday time remaining unused for the period in question. Nurses are not allowed to access hours accrued in a prior period to reach the original cashout elected. Maximum cashout of vacation and holiday time allowed is [forty (40)] fifty (50) hours per occurrence.
Voluntary cashout. Employees will be afforded the opportunity to request cash out of accrued but unused vacation and compensatory leave hours annually during an election period designated by the Employer. The election period will be no less than 90 days. Requested cash out hours must be accrued and paid in the calendar year following the request, and employees must have 120 hours of vacation accrued on December 31 of the year in which the request is submitted to be eligible for the cash out in the subsequent year. The Employer will designate two cash-out dates each year when the elected hours will be paid.
Voluntary cashout. Employees will be afforded the opportunity to request cash out of accrued but unused vacation and compensatory leave hours annually during an election period designated by the Employer. The election period will be no less than 90 days. This is a non-substantive deletion. (There are two annual cashout opportunities, however — this will be corrected.) Requested cash out hours must be accrued and paid in the calendar year following the request, and employees must have 120 hours of vacation accrued on December 31 of the year in which the request is submitted to be eligible for the cash out in the subsequent year. Unless otherwise communicated, the two cash-out dates each year when the elected hours may be paid will be pay period 12 and pay period 25 The Employer will designate two cash-out dates each year when the elected hours will be paid.
Voluntary cashout. Employees will be afforded the opportunity to 2 request cash out of accrued but unused vacation and compensatory leave hours.
Voluntary cashout. Employees will be afforded the opportunity to request cash out of accrued but unused vacation and compensatory leave hours annually. Requested cashout hours must be accrued and paid in the calendar year following the request, and employees must have one hundred twenty (120) hours of vacation accrued on December 31st of the year in which the request is submitted to be eligible for the cashout in the subsequent year. Unless otherwise communicated, the two cashout dates each year when the elected hours may be paid will be pay period 12 and pay period 25.
