Common use of Buy Back Clause in Contracts

Buy Back. All employees who accumulate as of the end of any fiscal year in excess of 120 days will be compensated at the rate of 75% of their per diem earnings for the days over 120. Payment will be made in their first paycheck for the following fiscal year.

Buy Back. All employees who accumulate as of the end of any fiscal year in excess of 120 days will be compensated at the rate of 75% of their per diem earnings for the days over 120. Payment will be made in their first paycheck for the following fiscal year.