Vacation Cash Out definition

Vacation Cash Out. The vacation cash-out provision of the MOU (1% value), referenced in Article 54 of the MOU, will be suspended during the July 2010-June 2011 Fiscal Year (i.e., the fall 2010 cash-out) on the same terms outlined in Article 54, subsection “c” of the MOU.
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Vacation Cash Out. Each year in December (first payday of December), an employee may opt to cash out any or all vacation hours that exceed one-hundred twenty (120) hours. If a cash out is elected, a minimum balance of one-hundred twenty (120) hours must remain on the books. Per California Labor Code, vacation leave is paid at the employees’ rate of pay at the time of pay out (i.e., the employee’s pay rate during the first payday of December).
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Vacation Cash Out. Employees covered by this agreement who have used 40 hours of vacation time in the prior calendar year shall be allowed 80 hours of vacation cash out per year. MWDEA employees will be able to participate in the vacation cash-out program effective January 1, 2024. The Irrevocable Vacation Time Cash-Out Election Form must be submitted by December 31, 2023. Cash-outs are made twice a year, the last pay period ending in June, and on the last check received in December. Vacation hours must have been accrued in the same year and before the cash-out date.
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Examples of Vacation Cash Out in a sentence

  • Use of administrative leave does not qualify for the Vacation Cash Out provision in Section 6.1. These hours will be pro-rated on a pay period basis when employees are appointed, hired, or promoted into an eligible classification mid-year.

  • Day Contract, 13 Holidays, 25 Vacation Days (to 40 max.) 10 Days Vacation Cash Out (annually)4 Days Personal Leave Cash Out (annually)3 Days Professional Development Stipend (annually) + $2,000 Suite Completion$1,500 Cell Phone Stipend$3,000 TSA for Asst Supt.

  • The Compensatory Time Cash Out would be subject to the same conditions as Vacation Cash Out found in Article 9, g(1), g(2), and g(3).

  • The Vacation Cash Out calculation will also include longevity or real-time differential, as applicable.

  • Annual Vacation Cash Out During the month of December of each year, employees may, at their option, elect to cash out up to fifty percent (50%) of their respective annual vacation hours accrual, provided that there is at least eighty (80) hours remaining in their vacation bank after each cash out.

  • Requests for vacation cash-out must be made in writing on the Irrevocable Vacation Cash Out Election Form provided by the District.

  • Any conference ties for football playoff berths must be broken and results reported to the NCHSAA by 6 a.m. on Saturday after the last regular season games.

  • The University will be offering a Transition Assistance Vacation Cash Out program that allows you to cash out up to 80 hours of your accrued and unused vacation balance to assist you in meeting financial obligations during the transition period.

  • The 2016 Transition Assistance Vacation Cash Out Program offers eligible appointees who are transitioning from a monthly to a biweekly pay cycle an option to assist them in meeting their financial obligations during the transition period.

  • Yes, non-union employees may request payment for accrued vacation hours in lieu of taking time off of work by submitting a Request for Vacation Cash Out form to Payroll.

Related to Vacation Cash Out

  • Net Cash Payments means, with respect to any Disposition, the aggregate amount of all cash payments received by the Company and its Restricted Subsidiaries directly or indirectly in connection with such Disposition, whether at the time of such Disposition or after such Disposition under deferred payment arrangements or Investments entered into or received in connection with such Disposition (including, without limitation, Disposition Investments); provided that:

  • Cash Out means a monetary settlement of any quantities of energy owed to or from the Transporter, after which settlement Shipper, or such other party having title to the Gas, shall no longer have title to such energy.

  • Consolidated Cash Balance means, at any time, the aggregate amount of cash and cash equivalents, marketable securities, treasury bonds and bills, certificates of deposit, investments in money market funds and commercial paper, in each case held by the Parent and its Consolidated Subsidiaries.

  • Minimum Cash Balance means $10,000,000 minus (i) $500,000, (ii) any amounts to be paid to holders of Allowed Ongoing Trade Claims of New Permian Corp., and (iii) any amounts to be paid to holders of Allowed Cure Amounts pursuant to Section 8.4(ii).

  • Cash Portion is defined in Section 2.2(a)(iii) hereof.

  • Cash Balance means, at any date of determination, the unencumbered and otherwise unrestricted cash and Cash Equivalents of the NCLC Group.

  • Final Cash has the meaning set forth in Section 3.2(b).

  • Excess Cash Payment Date means the date occurring 95 days after the last day of each Fiscal Year of Holdings (commencing with the Fiscal Year of Holdings ended December 31, 2010).

  • Cash Balances means cash in hand or credited to any account with a financial institution and securities which are readily convertible into cash;

  • Paid sick leave – means paid leave under the Emergency Paid Sick Leave Act.

  • Minimum Cash Amount shall have the meaning set forth in Section 6.2(iv).

  • Estimated Cash has the meaning set forth in Section 2.4(a).

  • Excess Cash Amount means, as of any Excess Cash Measurement Date, (a) the total amount of Unrestricted Cash, less (b) the sum of (i) the applicable Minimum Cash Threshold hereto corresponding to such Excess Cash Measurement Date, (ii) the total amount of scheduled payments due by OEC and its Subsidiaries, taken as a whole, under (x) the New Notes and (y) any other Permitted Indebtedness in each case in the subsequent twelve (12) month period, (iii) projected expenses for the Issuer to conduct its operations during the subsequent twelve (12) month period, including any foreign currency conversion expenses and (iv) for any Excess Cash Measurement Date through (and including) December 31, 2024, any Fines due by OEC and its Subsidiaries for the subsequent twelve (12) month period; less (c) an amount equal to the Required Gross-Up; provided that any items already deducted from cash and short-term investments of OEC and its Subsidiaries for purposes of determining Unrestricted Cash shall not be deducted again for purposes of determining the Excess Cash Amount.

  • Cash Payment has the meaning set forth in Section 2.03(b)(iii) below.

  • Maximum Benefit Amount means the maximum amount payable for coverage provided to You as shown in the Schedule of Benefits.

  • Cash on Hand means, as of any date, all xxxxx cash, vault cash, teller cash, ATM cash, prepaid postage and cash equivalents held at a Branch.

  • Petty Cash means a sum of money set aside on an imprest basis for the purpose of making change or paying small obligations.

  • Umbrella Cash Account means (a) a cash account designated in a particular currency opened

  • Consolidated Cash Interest Expense means, for any period, Consolidated Interest Expense for such period excluding, however, any interest expense not payable in Cash (including amortization of discount and amortization of debt issuance costs).

  • Closing Cash Payment has the meaning set forth in Section 2.06(a).

  • Unrestricted Cash and Cash Equivalents means, with respect to any Person, cash and Cash Equivalents of such Person that are free and clear of all Liens and not subject to any restrictions on the use thereof to pay Indebtedness and other obligations of such Person.

  • Requisition Compensation includes all compensation or other moneys payable by reason of any act or event such as is referred to in paragraph (b) of the definition of “Total Loss”;

  • converted employment and support allowance means an employment and support allowance which is not income-related and to which a person is entitled as a result of a conversion decision within the meaning of the Employment and Support Allowance (Existing Awards) Regulations 2008;

  • Unrestricted Cash Amount means, as to any Person on any date of determination, the amount of (a) unrestricted Cash and Cash Equivalents of such Person whether or not held in an account pledged to the Collateral Agent and (b) Cash and Cash Equivalents of such Person restricted in favor of the Facilities (which may also include Cash and Cash Equivalents securing other Indebtedness secured by a Lien on any Collateral along with the Facilities), in each case as determined in accordance with GAAP; it being understood and agreed that proceeds subject to Escrow shall be deemed to constitute “restricted cash” for purposes of the Unrestricted Cash Amount.

  • Consolidated Cash Interest Charges means, for any period, for the Borrower and its Restricted Subsidiaries on a consolidated basis, that portion of Consolidated Interest Charges that is either paid or required to be paid in cash during such period, but excluding prepayment or similar premiums paid in connection with any prepayment, repurchase or redemption of Consolidated Funded Indebtedness.