Annual Buy-Back. An employee may elect to receive cash payment for up to forty hours of accumulated vacation leave credits during any calendar year (January 1 through December 31). Payment will be made within the pay period following the date the request was made. Payment will be at the employee’s then current rate of pay.
Annual Buy-Back. Employees may elect to receive cash payment in lieu of time off for up to one-half of their annual vacation allotment to a maximum of forty hours. Payment will be at the employee’s rate of pay on December 31st. However, payment shall be made in the second paycheck in the following January.
Annual Buy-Back. Employees may request to buy back up to ½ of their current vacation bank in November of each year. The buyback will be paid in a regular paycheck and employees must give notice in October of intent to buy back. “Use” does not include donations. The buyback will be paid at the regular rate of pay.
Annual Buy-Back. In addition to the above, all employees shall have the following option: An employee may at the end of the calendar year elect to receive cash payment for unused sick leave from the Current Sick Leave Bank only, not to exceed a total of eighty (80) hours, at the rate of pay in effect as of December 31st of that calendar year. An employee electing to participate in the annual Buy-Back program must have a minimum Current Sick Leave Bank balance of one-hundred twenty (120) hours after the pay out of the annual Buy Back provision. Payment made pursuant to this paragraph shall be made in January of the next calendar year.
Annual Buy-Back. (Option 2) Employees will be given the option each year to make an irrevocable election to buy back earned sick leave, less sick leave taken during the annual accrual period on the following schedule. An election to "buy-back" must also include an election as to the percentage amount of the "buy-back," based on the percentage increments and maximums provided below. Option Period Hourly Accrual Period 9/1/05 – 9/15/05 9/1/06 – 9/15/06 9/1/07 – 9/15/07 9/1/08 – 9/15/08 9/26/05 – 9/24/06 9/25/06 – 9/23/07 9/24/07 – 9/21/08 9/22/08 – 9/20/09 Option Period Salaried Accrual Period 9/1/05 - 9/15/05 9/1/06 – 9/15/06 9/1/07 – 9/15/07 9/1/08 – 9/15/08 10/16/05 – 10/15/06 10/16/06 – 10/15/07 10/16/07 – 10/15/08 10/16/08 – 10/15/09 Employees may alternately elect to deposit up to one hundred percent (100%) of the dollar value of the “bankable” sick leave hours as set forth in this Provision into their MPPP account on a post tax basis. Sick leave hours that have been so converted will remain in the employee’s MPPP account subject to all investment plan rules and state and federal law. Note: The maximum sick leave which may be earned for each accrual period is ninety-six (96) hours for employees on a 5-8 Work Plan and one hundred twenty (120) hours for employees on a 4-10 Work Plan. Buy back shall be paid in full hour increments at the employee's base rate of pay at the end of the accrual period. The maximum buy back percentage is based on the employee's attendance record during the accrual period. Days Buy Back Percentage of Unused Earned Sick Leave 0 5% up to 50% (in 5% increments) 1-3 5% up to 40% (in 5% increments) Choosing an Option Employees who wish to select Option 1 or 2 as noted above, must so designate during the option period. Employees may select only one option ("bank" or "buy-back") for each accrual period. Payroll Clerks shall process and transmit employee choices to Payroll during the second week of the option period. Once an option is selected, it may not be changed until the following option period. Buy back checks will be distributed to employees no later than December 1 following the end of the accrual period. Unless an employee elects to bank (Option 1), or buy back (Option 2) during the option period, such unused sick leave hours shall be carried over the next year and will no longer be subject to the annual options. If an employee's absence which qualifies for paid sick leave also qualifies as statutory family and medical leave (i.e. - FMLA/CFRA...
Annual Buy-Back. Employees who have at least thirty (30) sick leave days accumulated, can elect to be paid for up to fifty percent (50%) of the maximum fifteen (15) day sick leave benefit or can add these unused sick leave days to their sick leave accumulation. The ples: (1) 50 days on the books. Where no days are used between 50 and 65, an employee can buy back 7.5 days and his/her total accumulation becomes 57.5; (2) Twenty-five (25) days on the books. No buy back possible and maximum total accumulation becomes 40 days; (3) 40 days on the books. Where 5 sick days are used between 40 and 55, an employee can buy back 5 days and his/her total accumulation becomes 45 days.
Annual Buy-Back. Employees may take cash in lieu of up to three weeks of vacation in a year. All payments shall be made on one occasion, on the first pay date in December. No employee shall be eligible for cash in lieu of vacation unless that employee has made a written notification to the Town Board for the cash payment by at least two pay periods before the first pay date in December.
Annual Buy-Back. Upon prior notice of fourteen calendar days to the Clerk’s Office, an officer may elect to forego a part of the officer’s earned, unused vacation during any fiscal year (June 1 through May 31) and receive pay in lieu thereof, provided the pay not exceed forty hours. Payment shall be made within the pay period following the date the request was made. Payment shall be at the employee’s then current rate of pay.
Annual Buy-Back. Employees may sell back up to five (5) days vacation each year by providing notice to the District by August 31 each year for payment in September.
Annual Buy-Back. An employee may request to receive cash payment for up to forty hours of accumulated vacation leave credits during any calendar year (January 1 through December 31). Approval of the request will be at the sole discretion of the Town Supervisor in consideration of available funds in the respective department’s personnel accounts. The decision of the Town Supervisor may not be grieved. Payment shall be made within the pay period following the date the request was made. Payment shall be at the employee’s then current rate of pay.
