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B. Vacation Leave: <br />1. Employees may receive cash compensation, computed on a straight time basis, for up <br />to a maximum of 150 hours of earned, unused vacation leave benefits, set forth in <br />Sections 10.2D herein. <br />2. Effective December 31, 2019, "must -use" vacation earned in the current calendar <br />year over the max carry-over limit will be cashed out as specified in Article 10.2 C 2 <br />and 3. This requires an employee to take at a minimum eighty (80) hours of vacation <br />leave within the calendar year in order to receive cash out of max carry over hours. If <br />employee does not take eighty (80) hours of vacation leave in the calendar year, the <br />employee will not receive cash -out or carry-over into next calendar year as indicated <br />in Section 10.2 C.2. <br />C. Management Vacation Leave: Employees may receive cash compensation, computed <br />on a straight time basis, up to a maximum of 150 hours of earned, unused <br />management vacation leave benefits, set forth in Section 10.3 herein. Employees <br />covered by this MOU shall accrue 100 hours of management vacation per year. <br />Such cash option may be eliminated or modified to the extent it is construed as <br />overtime under Department of Labor Guidelines implementing provisions of the Fair <br />Labor Standards Act. <br />D. Association members who notify the City, in writing, of their intent to retire within <br />12 calendar months shall be allowed to cash out any and all eligible leave bank <br />balances, including sick leave, upon request. Employees shall receive payment as <br />soon as practical, and no longer than 30 days after the request has been made. If an <br />employee cashes out his or her eligible leave bank balances prior to retirement and <br />subsequently remains employed one year after their initial notice of intent to retire, <br />said employee shall be ineligible to accrue 100 hours of management vacation the <br />next calendar year. <br />23 <br />55A-33 <br />