Vacation Conversion. Any employee who has more than four (4) years of service is eligible to convert up to forty (40) hours of vacation time to payment as set forth herein. An employee may submit in writing no later than December 1 of each year a request to sell up to forty (40) hours of vacation. The vacation time cashed in and paid shall be that which is earned during the calendar year under the last in, first out (LIFO) basis. The payment shall be made no later than January 30 of the following year. The Employer shall follow OPERS regulations in the determination as to whether the amount of converted vacation time is earnable salary.
Appears in 2 contracts
Sources: Collective Bargaining Agreement, Collective Bargaining Agreement