Common use of Cash Out Clause in Contracts

Cash Out. Eligible employees may choose to cash out up to forty (40) hours of accrued annual leave once per calendar year provided, at the time of the request, a minimum of one hundred (100) hours will be in the employee’s account after the cash out has been made. If an eligible employee reduces their FTE to Per Diem or other non-benefit eligible status, all accrued hours for which she/he is eligible will be paid to the employee at the time of the status change.

Cash Out. Eligible employees may choose to cash out up to forty (40) hours of accrued annual leave once per calendar year provided, at the time of the request, a minimum of one hundred (100) hours will be in the employee’s account after the cash out has been made. If an eligible employee reduces their FTE to Per Diem or other non-benefit eligible status, all accrued hours for which she/he is they are eligible will be paid to the employee at the time of the status change.

Cash Out. Eligible employees may choose to cash out up to forty (40) hours of accrued annual leave once per in a calendar year provided, at the time of the request, if there will be a minimum of one hundred (100) hours will be left in the employee’s 's account after the cash out has been made. If an eligible employee reduces their FTE to Per Diem per diem or other non-benefit eligible statuspremium in lieu status (10.4), all accrued hours for which she/he the nurse is eligible will be paid to the employee at the time of the status change.