Common use of Vacation Hours Clause in Contracts

Vacation Hours. Cash-out 12-month Period a. Vacation Cash Out Option 1. Unit employee(s) must have a current balance of at least two hundred forty (240) vacation hours before the unit employee can submit a cash out request. 2. Annual Cash out requests can only be requested once a year, and must be made in writing using the form provided by the Human Resources Department. The completed form must be received by Human Resources no later than November 30. 3. All cash out requests, except upon termination of employment, will apply only to vacation hours that will be earned in the calendar year following the year of the request and may not be made with respect to already accrued vacation hours. 4. Vacation cash outs will be paid out using base salary in the year of the cash out for up to a maximum of one hundred (100) hours in each calendar year. The cash out payment will be made the pay period after the requested number of hours has been accrued. Until the elected number of cash out hours have been accrued and cashed out, any vacation taken by the unit employee will reduce vacation hours accrued in prior years. 5. Vacation cash out elections are irrevocable. 6. This policy does not allow for any emergency cash outs. b. The vacation accumulation schedule is as follows: Years of Service Vacation Hours Earned Hourly Rate Per Pay Period Vacation Hours Available for Use Years of Service Vacation Hours Earned Hourly Rate Per Pay Period Vacation Hours Available for Use