Payout of Vacation Sample Clauses

Payout of Vacation. For employees on sessional appointments, vacation entitlement not taken during the appointment period shall be paid out in cash at the end of the appointment period. Employees on regular appointments shall not receive cash in lieu of vacation time except upon termination of their employment.
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Payout of Vacation. Upon resignation, retirement, layoff, or death the Employee’s accrued vacation shall be paid out to the Employee and or their beneficiary. A probationary employee shall not be entitled to the benefit.
Payout of Vacation. (a) No employee shall take pay in lieu of taking the vacation entitlement time off.

Related to Payout of Vacation

  • Annual Vacation Auxiliary employees will be entitled to receive annual vacation at the rate of four percent (4%) of their regular earnings. After one thousand (1,000) days worked, auxiliary employees will be entitled to receive annual vacation at the rate of six percent (6%) of their regular earnings.

  • Time of Vacation (a) All vacation earned during one (1) vacation year shall be taken during the next following vacation year at a mutually agreeable time.

  • Annual Vacation Entitlement (a) An Employee shall be entitled to receive annual vacation leave with pay:

  • Annual Vacation Pay Vacation pay shall be paid at the regular hourly rate of the Nurse in effect immediately prior to the Nurse taking vacation.

  • Banked Vacation Once every five years an employee may bank one full year's vacation to be taken in conjunction with the next year's vacation. For the purposes of this clause, all vacation in the second year must be taken concurrently.

  • Accumulation of Vacation Vacation leave may be accumulated to any amount provided that once during each fiscal year, each supervisor's accumulation must be reduced to two hundred and seventy-five (275) hours or less. If this is not accomplished on or before the last day of the fiscal year, the amount of vacation shall automatically be reduced to two hundred seventy-five (275) hours at the end of the fiscal year. Supervisors on a Military Leave under Appendix I shall earn vacation leave as though actually employed, without regard to the maximum accumulation set forth above. Vacation earned in excess of the maximum accumulation shall be taken within two (2) years of the date the supervisor returns from the Military Leave.

  • Earned Vacation Full-time employees, as defined in this article, shall accrue vacation as follows:

  • Paid Vacation Except as otherwise provided in this Article, paid vacation shall be granted no longer than the fiscal year immediately following the fiscal year in which it is earned.

  • Granting of Vacation Leave 18.02 (1) In granting vacation leave with pay to an employee, the Employer shall make every reasonable effort:

  • Use of Vacation 23.2.2.1 Academic staff members may use vacation at times approved by the Xxxx which shall not interfere with the operation of the College. Except under unusual circumstances, members shall not be permitted to use vacation during a period of time when they are engaged in the instructional process, including the supervision and grading of exams. Notwithstanding the aforementioned provision, a member may use the maximum entitlement at any one time.

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