Personal Leave Cash-Out. At the option of the certificated employee, the District will cash out up to two (2) personal leave days at a rate of 25% of the individual employee’s per diem rate. The cash-out option is only available to employees who have an accumulated balance of more than three (3) personal leave days at the end of the school year and who would, in the absence of the cash-out, lose one or two personal days (as carryover is limited to three days). The calculation will be made at the end of the school year, and payment will be made in the July payroll check.
Personal Leave Cash-Out. At the option of the certificated employee, the District will cash out up to two (2) personal leave days at a rate of 25% of the individual employee’s per diem rate. The cash-out option is only available to employees who have an accumulated balance of more than three (3) personal leave days at the end of the school year and who would, in the absence of the cash-out, lose one or two personal days (as carryover is limited to three days). The calculation will be made at the end of the school year, and payment will be made in the July payroll check. RENUMBER: Renumber paragraph B to become C. Renumber paragraph C to become D. WAS:
Personal Leave Cash-Out. Personal leave being cashed out will be cashed out at one hundred percent 2 (100%). Any cash-outs will be processed automatically in August. Employees that are two hundred and 3 sixty (260) days must fill out the appropriate documentation and submit to payroll.
Personal Leave Cash-Out. 1. Any employee not using his/her personal leave day may apply to the District to “cash out” two (2) days per year at the employee’s per diem. The applicable employee group will vote annually on whether the cash out is received in net wages or by deposit of personal leave payment into the employee’s VEBA account. All individuals covered under this agreement will be bound by the determination of the group vote. Individual choice is not allowed.
Personal Leave Cash-Out. By June 30th of each school year, the employee may submit in writing to the Payroll department, their request to cash out up to three unused personal leave days. Unused personal leave will be compensated for each day at the substitute rate on the August warrant. The cash-out rate shall be identified on the wage schedule.
Personal Leave Cash-Out. Employees shall be allowed to cash out unused personal leave at one 12 hundred (100) percent of current pay rate at the end of the school year.
Personal Leave Cash-Out. The District will cash out up to two (2) personal leave days at the District’s daily substitute teacher rate. The District reserves the right to cap the cash-out daily rate at $150. The cash-out option will be automatically processed for all certificated employees who have accumulated balances of more than three (3) personal leave days at the end of the school year, and who would, in the absence of cashing out the excess days, lose one or two personal days (since carryover is limited to three days). The cash-out calculation will be made at the end of the school year, and payment will be made in the July payroll check.
Personal Leave Cash-Out. For all employees occupying a classification covered by this MOU, the maximum amount of leave time (personal leave, compensatory time or a combination of both) which can be cashed out under the City’s “Leave Plans” is one hundred and twenty (120) hours per calendar year. The requested cash out can be made at either or both dates below not to exceed the maximum amount listed in this Article per calendar year (July 2021): Payment Dates • On or before July 31st • On or before the second Friday in December Employee’s leave time (as mentioned above) may not be reduced to less than eighty (80) hours as a result of participation in the annual leave cash out. An exception to the minimum balance may be made, at the discretion of the City Manager, due to catastrophic circumstances. The City Manager will annually determine if the City Council’s goal of a 15% general fund fiscal reserve and a 10% infrastructure reserve, as identified in the City Budget, have been achieved for each subsequent fiscal year. If the above goals are determined to have been met, the maximum amount of leave time which can be cashed out will increase to one hundred and fifty (150) hours for the classifications of Police Sergeant and Police Lieutenant (July 2021) and two hundred (200) hours for the classification of Police Captain, providing additional general funds are available.
Personal Leave Cash-Out. Certificated employee’s may cash out up to three (3) days of personal leave per year at the substitute rate. The Personal Leave Cash-Out Form must be filled out and returned to HR/Payroll by the last school day of the year. I want to cash-out days of personal leave for the (Employee) (Number) School year. (Year) Employee Date
Personal Leave Cash-Out. 22 At the end of each school year employees may cash out up to three (3) unused personal days at their 23 normal rate of pay. Cash out requests will be submitted on a time sheet during the month of July each 24 year.
