Vacation Payout Sample Clauses
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Vacation Payout. Where an employee requests in writing to have a specific number of vacation days paid out, and the Employer agrees to the request, the Employer will issue pay in lieu of vacation. Pay in lieu of vacation, if agreed, will be granted only after a minimum of 15 days' vacation time has already been taken in the year.
Vacation Payout. If a Resident Physician is unable to take their annual allotment of vacation because of service commitments, the Resident Physician shall be paid in lieu for unused vacation time. After appropriate review, such payment shall be made in the pay period following the end of the Appointment Year.
Vacation Payout. Any permanent employee whose employment is terminated during the year, shall have his/her vacation entitlement prorated accordingly.
Vacation Payout. On termination of employment, an employee will be paid the balance of any unused vacation pay accrued to their benefit.
Vacation Payout. Employees, after twelve months of continuous employment whose employment is severed for any reason shall be paid all their vacation time earned through their last day of employment. Full-time or part-time employees employed at least one year who change their status to on-call employees shall have their accrued vacation cashed out at the time of the change to status.
Vacation Payout. An employee who leaves employment for reasons other than termination shall receive his/her pro-rated vacation accruals paid out provided he/she has worked his/her first full year with the Employer according to the schedule set forth in Section 19.1.
Vacation Payout. Employees shall be paid for accrued vacation leave to their
Vacation Payout. Employees, after six months of continuous employment, who terminate their employment upon providing the Employer proper notice, shall be paid all their vacation time earned through their last day of employment. This provision shall not apply in the case of an employee discharged for cause. After one (1) year of continuous employment, employees will receive payment for fifty percent (50%) of unused, available PTO hours upon termination of employment.
Vacation Payout. During the month of December of each year, each bargaining unit member who has at least one hundred and twenty (120) hours of accrued but unused vacation may make an irrevocable election to cash out up to forty (40) hours of vacation in the following calendar year. Vacation payouts under this section will be made in October of the tax year following the election. The employee must have a minimum balance of forty (40) hours after the cash out of vacation. If the employee’s requested amount does not leave a minimum forty (40) hours of vacation remaining at the time of cash out, the employee’s requested vacation cash out will be reduced to allow the remaining minimum balance to be maintained.
Vacation Payout. A member who is to be separated from the Township service for any reason and who has accrued but unused vacation leave shall be paid in a lump sum for such unused vacation leave.