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The number of hours to be cashed -out cannot exceed the total number of <br />hours the employee will accrue during that same calendar year, or a <br />maximum of one hundred (100) hours, whichever is the lesser amount. <br />3. Once the election form is submitted to Human Resources, the amount of <br />hours to be cashed -out cannot be changed for that calendar year. <br />4. Employees may submit a request for cash -out up to two times (2X) per year — <br />for payment in the first paycheck period f ,.,hieh jjjej..a July-4- and/or <br />December-44. <br />5. In the event an employee's vacation leave balance (on either pay period when <br />they can elect to cash -out) is less than the amount of hours the employee had <br />previously elected to cash -out (in the prior calendar year), the employee will <br />only receive payment for the amount of accumulated vacation leave <br />remaining at the time of the cash -out in either July or December. <br />6. If an employee makes an irrevocable election to cash -out vacation in the <br />following calendar year and uses vacation leave during that subsequent <br />calendar year, the vacation leave used will first come from vacation leave <br />the employee had earned (if any) prior to January I" of the calendar year the <br />employee had elected to cash -out. The use of such earned, but unused, <br />vacation leave accumulated from previous calendar years shall not result in <br />a reduction in the amount of vacation hours the employee is eligible to cash - <br />out. <br />2. Except as modified by this First Amendment, the terms and conditions of the MOU shall <br />remain in full force and effect. <br />IN WITNESS WHEREOF, the parties have executed this First Amendment to the MOU, <br />on the date and year written above. <br />CITY OF SANTA ANA <br />Alvaro Nunez <br />City Manager <br />Date <br />