COMPENSATION AND BENEFITS: 
VACATIONS AND HOLIDAYS
DED-R (LOCAL)

VACATION PERIOD

Earned vacation must be taken on or before July 31 of the following year. Time not taken on or before July 31 will be canceled. At the time of dismissal, resignation or retirement, employees may receive cash payment for unused vacation accrued prior to July 31, 1995. Cash payment shall be made at the employee’s 1994-95 daily rate. Effective August 1, 1995, cash payment in lieu of vacation may be awarded upon resignation, retirement or termination only for the current year’s earned vacation. Any waiver that would extend the number of vacation days beyond July 31 of the year following the year in which the vacation is earned must be approved by the Board of Trustees.