Common use of Annual Buy-Back Clause in Contracts

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. An employee may elect to receive cash payment for up to forty hours of accumulated vacation leave credits during any calendar fiscal year (January June 1 through December May 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. 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 shall be made within the pay period following the date the request was made. Payment will shall be at the employee’s then current rate of pay.

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). To be eligible for this provision, the employee must have used at least eighty hours of paid vacation leave during the calendar year. Payment will shall be made within the pay period following the date the request was made. Payment will shall be at the employee’s then current rate of pay.

Annual Buy-Back. An employee may elect to receive a one-time cash payment for up to forty eighty 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. An employee may elect to receive cash payment for up to forty eighty 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. An employee may elect to receive cash payment for up to forty ninety-six 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. 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). To be eligible for this provision, the employee must have used at least fifty percent of the employee’s paid vacation leave during the calendar year. Payment will shall be made within the pay period following the date the request was made. Payment will shall be at the employee’s then current rate of pay.

Annual Buy-Back. An employee who has completed at least twenty years of continuous service 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)year. Payment will shall be made within the pay period following the date the request was made. Payment will shall be at the employee’s then current rate of pay.

Annual Buy-Back. An employee may elect to receive a one-time cash payment for up to forty hours of accumulated vacation leave credits during any calendar year (January 1 through December 31). Payment will shall be made within the pay period following the date the request was made. Payment will shall be at the employee’s then current rate of pay.

Annual Buy-Back. An employee Employees may elect to receive cash payment pay at the end of the year for up to forty one- hundred hours of accumulated unused vacation leave credits during credits. Written application for transferring vacation to the next year and for reimbursement for any calendar year (January 1 through unused vacation will be done by completing the form available from the Superintendent of Highways and retuning to the Employer by December 31)1. Payment will shall be made in a separate check within the pay period following the date the request was made. Payment will shall be at the employee’s then current rate of pay.

Annual Buy-Back. An employee who has completed four years of continuous service may elect to receive cash payment for up to forty eighty hours of accumulated vacation leave credits during any calendar year (January 1 through December 31)year. Payment will shall be made within the pay period following the date the request was made. Payment will shall be at the employee’s then current rate of pay.

Annual Buy-Back. An employee may elect to receive a one-time 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.