Common use of Annual Leave Payout on Retirement Clause in Contracts

Annual Leave Payout on Retirement. An employee who is separating from County service by way of paid County retirement may elect either to take annual leave as time off, or be paid for his or her annual leave in a lump sum payment under the following conditions:

Annual Leave Payout on Retirement. An employee who is separating from County service by way of paid County retirement may elect either to take annual leave as time off, or be paid for his or her annual leave in a lump sum payment under payment. The amount of annual leave which can be taken as time off shall be limited to the following conditions:amount of hours the employee is eligible to receive at 100%. The remaining balance, to a maximum of 1600 hours (less maximum number of hours paid at 100%) shall be paid in accordance with payoff provisions in B. and C. of this Article.