Vacation Transfer and Liquidation Sample Clauses

Vacation Transfer and Liquidation. An employee transferring to the service of another Appointing Authority shall have accumulated vacation leave transferred and such leave shall not be liquidated. However, if an employee moves to a vacation-ineligible position not covered by this Agreement, their vacation shall be liquidated. Employees who separate from State service prior to completion of six (6) months of continuous service are not eligible for vacation liquidation. Eligible employees who separate from State service shall have their vacation bank (as well as severance as described in Article 18 and compensatory time as described in Article 6) liquidated into an individual MSRS Health Care Savings Plan except in the following circumstances: • In the case of layoff or death, such liquidations will be made in cash. • Employees who do not meet the criteria for the HCSP, who have been exempted from participation in the HCSP by the plan administrator or whose combined vacation, severance and compensatory bank total less than five hundred dollars ($500), such liquidation will be made in cash. Except in the event of the death of an employee, vacation liquidation shall not exceed two hundred sixty (260) hours. Seasonal employees shall be allowed to liquidate all, none or a portion of their accumulated vacation balances at the time of or immediately prior to their seasonal layoff. After notice to the Local Union, and upon mutual agreement of the employee and Appointing Authority, employees facing temporary layoff shall be allowed to liquidate all, none or a portion of their accumulated vacation balances at the time of or immediately prior to their temporary layoff. If there is no mutual agreement, the employee’s vacation balance shall be liquidated.
AutoNDA by SimpleDocs
Vacation Transfer and Liquidation. An employee transferring to the service of another District Court, Judicial District, Appellate Court, or the State Court Administrator’s Office shall have accumulated vacation leave transferred and such leave shall not be liquidated by cash payment. Any employee separated from the State service after the completion of their initial probationary period shall be compensated in cash, at the employee’s then current rate of pay, for all vacation leave to the employee’s credit at the time of separation, up to a maximum of 275 hours. Employees shall be allowed to leave their accumulated vacation to their credit during the period of seasonal or temporary layoff. An eligible employee who is hired without a break in service between positions in the legislative or executive branches and the Minnesota Judicial Branch, shall have their accumulated vacation leave, to a maximum of 275 hours, and length of service transferred.
Vacation Transfer and Liquidation. An employee who transfers from one Appointing Authority to another shall have accumulated vacation leave transferred and such leave shall not be liquidated by cash payment in whole or in part; however, if an employee moves to a vacation- ineligible position, the accumulated vacation leave shall be liquidated by cash payment. Except for employees who are separated from State service prior to completion of six (6) months of continuous service or those separated due to layoff or death, employees who are separated from State service shall have all unused vacation leave and severance pay as described in Article 13 converted to a MSRS Health Care Savings Plan account. The amount converted will be based on his/her then current rate of pay for all vacation leave and severance pay to his/her credit at the time of separation. Amounts of combined vacation and severance payments of less than five hundred dollars ($500.00) shall be paid in cash. Employees who are laid off shall be compensated in cash at his/her then current rate of pay for all vacation leave to his/her credit at the time of layoff. However, in no case shall the amount of vacation liquidated exceed two hundred sixty (260) hours except in case of death. Employees who are laid off and are unable to reduce their accumulated vacation below two hundred sixty (260) hours prior to their layoff date shall have hours in excess of two hundred sixty (260) restored to their credit upon reinstatement, recall or reemployment. Upon the mutual agreement of the employee and the supervisor, seasonal employees shall be allowed to liquidate all, none, or a portion of their accumulated vacation balances in cash prior to their seasonal or temporary layoff.
Vacation Transfer and Liquidation. An employee who transfers from one Appointing Authority to another shall have accumulated vacation leave transferred and such leave shall not be liquidated by cash payment in whole or in part; however, if an employee moves to a vacation-ineligible position, the accumulated vacation leave shall be liquidated by cash payment. Except for employees who are separated from State service prior to completion of six
Vacation Transfer and Liquidation. An employee transferring to the service of another Appointing Authority shall have accumulated vacation leave transferred and such leave shall not be liquidated by cash payment. However, if an employee moves to a vacation-ineligible position not covered by this Agreement, their vacation shall be liquidated. Except for employees who separate from State service prior to completion of six (6) months of continuous service, any employee separated from State service shall be compensated in cash, at the employee's then current rate of pay, for all vacation leave to the employee's credit at the time of separation. However, in no case shall payment exceed two hundred sixty (260) hours, except in the event of the death of the employee. Seasonal employees shall be allowed to liquidate all, none or a portion of their accumulated vacation balances at the time of or immediately prior to their seasonal layoff. After notice to the Local Union, and upon mutual agreement of the employee and Appointing Authority, employees facing temporary layoff shall be allowed to liquidate all, none or a portion of their accumulated vacation balances at the time of or immediately prior to their temporary layoff. If there is no mutual agreement, the employee’s vacation balance shall be liquidated.
Vacation Transfer and Liquidation. 8 An employee transferring to the service of another Appointing Authority shall have 9 accumulated vacation leave transferred and such leave shall not be liquidated. However, if an 10 employee moves to a vacation‐ineligible position, their vacation shall be liquidated. Employees 11 who separate from State service prior to completion of six (6) months of continuous service, are 12 not eligible for vacation liquidation.
Time is Money Join Law Insider Premium to draft better contracts faster.