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To clarify who is eligible to donate sick and/or vacation leave to the Shared Leave program and identify who is eligible to use Shared Leave.

To describe the eligibility for and circumstances under which paid vacation leave may be requested, granted, accrued, and paid out upon separation.

Funding for sick and annual leave payouts is provided from the State Leave Payout Fund when faculty or staff retire or are retirement eligible at the time of separation.  Using a similar method, funding for the payout of vacation leave will be paid from a central funding source for fiscal year faculty or staff who resign, terminate employment, or are not retirement eligible at the time of separation. The University Vacation Leave Payout Fund will alleviate the drain on departmental and grant bud