Common use of Vacation Cash Out Clause in Contracts

Vacation Cash Out. Vacation time is intended to be utilized by employees for the purposes of rest and relaxation. Hours in excess of the annual carry-over amount listed in the table above will be cashed out on the employee’s anniversary. Employees who terminate their employment shall be paid for all unused, accrued vacation. Such cash out shall be made by the Employer at the time of the employee’s final pay period and paycheck.

Appears in 4 contracts

Samples: Collective Bargaining Agreement, Collective Bargaining Agreement, Collective Bargaining Agreement

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Vacation Cash Out. Vacation time is intended to be utilized by employees for the purposes of rest and relaxation. Hours in excess of the annual carry-over amount listed in the table above will be cashed out on the onthe employee’s anniversary. Employees who terminate their employment shall be paid for all unused, accrued vacation. Such cash out shall be made by the Employer at the time of the employee’s final pay period and paycheckandpaycheck.

Appears in 2 contracts

Samples: Collective Bargaining Agreement, seiu775.org

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