Common use of Lump Sum Settlement Clause in Contracts

Lump Sum Settlement. Upon separation from the County, employees will be paid a lump sum payment for the balance of accrued vacation leave at a dollar-for- dollar rate. The maximum number of hours eligible for lump sum payment is three hundred twenty (320) hours.

Appears in 3 contracts

Sources: Collective Bargaining Agreement, Collective Bargaining Agreement, Collective Bargaining Agreement