Use and Cash-Out Sample Clauses

Use and Cash-Out. Pooled holiday leave may be used in one (1) hour increments in the same manner and with the same restrictions as vacation time, upon approval of the Watch Supervisor. During the year employees may request pay for their unused pooled hours. No pooled hours will be carried over from year to year. Upon termination of employment, accrued, unused holiday hours shall be cashed out, subject to proration. Holiday cash-out (if requested by a Sergeant) will occur twice (2x) per year, in the last paycheck of June and the last paycheck of December. Sergeants who cash out their Holiday pool hours, then separate from the Department, shall be obligated to repay the value of the prorated Holiday pool hours from the date of separation to the end of the year, which the Port may deduct from the employee’s final paycheck. Sergeants who cash out their Holiday pool hours, who then experience a change of schedule that results in a prorated decrease in their number of Holiday pool hours, shall have the following year’s number of Holiday pool hours decreased by an amount equal to the prorated decrease.
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Use and Cash-Out. Pooled holiday leave may be used once accrued in one (1) hour increments in the same manner and with the same restrictions as vacation time, upon approval of the Watch Supervisor. During the year employees may request pay for their unused pooled hours. No pooled hours will be carried over from year to year. Upon termination of employment, accrued, unused holiday hours shall be cashed out. Holiday cash-out (if requested by a Sergeant) will occur twice (2x) per year, in the last paycheck of June, for those holiday hours that have already accrued, and the first pay period in January of the following year for the remaining holiday hours that have already accrued. Sergeants who cash out their Holiday pool hours, who then experience a change of schedule that results in a prorated decrease in their number of Holiday pool hours, shall have the following year’s number of Holiday pool hours decreased by an amount equal to the prorated decrease. Compensation tied to holiday cash out will only be reported to the Department of Retirement Service on the basis of the ten (10) Port of Seattle recognized holidays. Compensation tied to holiday cash out for the two (2) floating holidays will not be reported to the Department of Retirement Services unless they are used.
Sample 1
Use and Cash-Out. Pooled holiday leave may be used in one (1) hour increments in the same manner and with the same restrictions as vacation time. Upon termination of employment, accrued, unused holiday hours shall be cashed out, subject to proration. During the year, employees may request pay for their unused pooled hours. No pooled hours will be carried over from year to year. Holiday cash-out (if requested by x Commander) will occur twice (2x) per year, on June 30th and December 31st. Commanders who cash out their Holiday pool hours, then separate from the Department, shall be obligated to repay the value of the prorated Holiday pool hours from the date of separation to the end of the year, which the Port may deduct from the employee’s final paycheck.
Sample 1
Use and Cash-Out. Pooled holiday leave may be used once accrued in one (1) hour increments in the same manner and with the same restrictions as vacation time, upon approval of the Watch Supervisor. During the year employees may request pay for their unused pooled hours. No pooled hours will be carried over from year to year. Upon termination of employment, accrued, unused holiday hours shall be cashed out. Holiday cash-out (if requested by a Sergeant) will occur twice (2x) per year, in the last paycheck of June, for those holiday hours that have already accrued, and the first pay period in January of the following year for the remaining holiday hours that have already accrued. Sergeants who cash out their Holiday pool hours, who then experience a change of schedule that results in a prorated decrease in their number of Holiday pool hours, shall have the following year's number of Holiday pool hours decreased by an amount equal to the prorated decrease. Effective upon ratification and execution of the Agreement by both parties, up to six (6) holidays not used or cashed out at the end of the calendar year can be exchanged for vacation that was already used at any time within the same calendar year. Compensation tied to holiday cash out will only be reported to the Department of Retirement Service on the basis of the eleven (11) Port of Seattle recognized holidays. Compensation tied to holiday cash out for the two (2) floating holidays will not be reported to the Department of Retirement Services unless they are used. Port of Seattle Police Sergeants
Sample 1
Use and Cash-Out. Pooled holiday leave may be used once accrued in one (1) hour increments in the same manner and with the same restrictions as vacation time, upon approval of the Watch Supervisor. During the year employees may request pay for their unused pooled hours. No pooled hours will be carried over from year to year. Upon termination of employment, accrued, unused holiday hours shall be cashed out. Holiday cash out (if requested by an Officer) will occur twice (2x) per year, in the last paycheck of June, for those holiday hours that have already accrued, and the first pay period of January in the subsequent year, for the remaining holiday hours that have already accrued. Officers who cash-out their Holiday pool hours, who then experience a change of schedule that results in a prorated decrease in their number of Holiday pool hours, shall have the following year’s number of Holiday pool hours decreased by an amount equal to the prorated decrease. Up to four (4) holidays not used or cashed out at the end of the calendar year can be exchanged for vacation that was already used at any time within the same calendar year. Compensation tied to holiday cash out will only be reported to the Department of Retirement Service on the basis of the ten (10) Port of Seattle recognized holidays. Compensation tied to Holiday cash out for the two (2) floating holidays will not be reported to the Department of Retirement Services unless they are used.
Sample 1
Use and Cash-Out. Pooled holiday leave may be used once accrued in one ( 1) hour increments in the same manner and with the same restrictions as vacation time. Upon termination of employment, accrued, unused holiday hours shall be cashed out, subject to proration. During the year, employees may request pay for their unused pooled hours. No pooled hours will be carried over from year to year. Holiday cash-out (if requested by a Commander) will occur twice (2x) per year, in the last paycheck of June, for those holiday hours that have already accrued, and the first pay period in January of the following year for the remaining holiday hours that have accrued. Commanders who cash out their Holiday pool hours , then separate from the Department, shall be obligated to repay the value of the prorated Holiday pool hours from the date of separation to the end of the year, which the Port may deduct from the employee's final paycheck. Port of Seattle / Teamsters Local 763 Police Commanders January 1, 2022 - December 31, 2024 Up to four (4) holidays not used or cashed out at the end of the calendar year can be exchanged for vacation that was already used at any time within the same calendar year. Compensation tied to holiday cash out will only be reported to the Department of Retirement Service on the basis of the eleven (11) Port of Seattle recognized holidays. Compensation tied to holiday cash out for the two (2) floating holidays will not be reported to the Department of Retirement Services unless they are used.
Sample 1

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