Common use of Election to Buyback/Cash Out Paid Time Off Clause in Contracts

Election to Buyback/Cash Out Paid Time Off. In order to buyback/cash out or otherwise require the County to buyback/cash out vacation, annual leave or paid time off, the employee must first meet the eligibility criteria set forth in the applicable provision of the bargaining agreement. If such criteria are met, only then the employee may request and be granted compensation in lieu of vacation/annual leave/PTO for up to the amounts set forth in the bargaining agreement under the terms set forth below. If such criteria are not met as of December 31 of the calendar year in which the election is required to be made, then the employee has no right to election to buyback/cash out accrued time in the next calendar year.