SANTA ANA MANAGEMENT ASSOCIATION (SAMA)

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b. Effective January 1, 2024 and continuing every year thereafter If an employee wants to cash -out unused vacation leave they accrued during the calendar year, they must make an irrevocable election by December 15s' of the prior calendar year (i.e., by December 15, 2023 for a cash -out in calendar year 2024). The provisions of Section 9.2(F)(3)(b) shall also apply to management vacation leave, 2. The irrevocable election must indicate the amount of vacation hours the employee intends to cash -out during the next calendar year. The number of hours to be cashed -out cannot exceed the total number of hours the employee will accrue during that same calendar year, or a maximum of eighty (80) hours, whichever is the lesser amount. Once the election form is submitted to Payroll, the amount of hours to be cashed -out cannot be changed for that calendar year, 4. Employees may submit a request for cash -out up to two (2) times per year for payment the in the first paycheck { d—K-hieh if"Aldeb of July4 and/or December-l�. 5. In the event an employee's vacation leave balance (on either pay period when they can elect to caslr-out) is less than the amount of hours the employee had previously elected to cash -out (in the prior calendar year), the employee will only receive payment for the amount of accumulated vacation leave remaining at the time of the cash -out in either July or December. 6. If an employee makes an irrevocable election to cash -out vacation in the following calendar year and uses vacation leave during that subsequent calendar year, the vacation leave used will first come from vacation leave the employee had earned (if any) prior to January I" of the calendar year the employee had elected to cash -out. The use of such earned, but unused, vacation leave accumulated from previous calendar years shall not result in a reduction in the amount of vacation hours the employee is eligible to cash -out.