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<br />34 <br /> <br />vacation leave in writing on or before December 31st of the calendar year prior <br />to the year in which leave is accrued. Accumulated vacation leave benefits for <br />years prior to such calendar year shall not be eligible for cash-out. <br /> <br />For 40-hour employees, eligibility for vacation cash-out shall be subject to the <br />employee’s annual accrual rate as of December 31st of the prior calendar year, <br />as follows: <br />• Employees with an annual accrual rate of eighty (80) hours per year are not <br />eligible. <br />• Employees with an annual accrual rate of one hundred twenty (120) hours <br />may elect to cash-out up to forty (40) hours of accrued and unused vacation. <br />• Employees with an annual accrual rate of one hundred sixty (160) hours may <br />elect to cash-out up to eighty (80) hours of accrued and unused vacation. <br />• Employees with an annual accrual rate of one hundred eighty (180) hours <br />may elect to cash-out up to one hundred (100) hours of accrued and unused <br />vacation. <br />• Employees with an annual accrual rate of two hundred (200) hours may elect <br />to cash-out up one hundred twenty (120) hours of accrued and unused <br />vacation. <br /> <br />In addition, the following restrictions shall apply: <br />• Employee must have a minimum of eighty (80) hours of accrued vacation at <br />the time of election in order to be eligible. <br />• Employee must utilize a minimum of eighty (80) hours of vacation during the <br />calendar year in which leave is accrued. <br />• Employee must have at least eighty (80) hours of vacation leave remaining <br />after the cash-out is completed. In the event that the amount of vacation to <br />be cashed out would leave less than eighty (80) hours in the employee’s <br />remaining accrued leave bank, the cash-out amount will be reduced by the <br />amount necessary in order to retain the minimum eighty (80) hour bank. <br /> <br />For 56-hour employees, eligibility for vacation cash-out shall be subject to the <br />employee’s annual accrual rate as of December 31st of the prior calendar year, <br />as follows: <br />• Employees with an annual accrual rate of one hundred twenty (120) hours <br />per year are not eligible. <br />• Employees with an annual accrual rate of one hundred ninety-two (192) <br />hours may elect to cash-out up to fifty-six (56) hours of accrued and unused <br />vacation. <br />• Employees with an annual accrual rate of two hundred twenty-four (224) <br />hours may elect to cash-out up to one hundred four (104) hours of accrued <br />and unused vacation. <br />6.A. - Page 45 of 99 <br />52