Paid time off for vacation is given to encourage employees to take a break from work, however, in some cases the vacation time may be paid as taxable wages when not taken as time off.
At the Company’s ongoing discretion, payout requests will be processed on a quarterly schedule.
Note that because vacation is intended to be taken as time off, for the purposes of pay out requests the company will prorate the amount of vacation time that you can exchange for taxable wages.
The time available for payout is the prorated vacation time earned less the amount of vacation time paid through the quarter end date.
If you would like to register for a pay out of unused Vacation time please complete the form below.