Holiday Buy Back. Employees may request pay at their regular hourly rate of pay in lieu of time off for holidays. The cumulative pay requested may be equivalent to no more than 96 hours per calendar year. The employee shall submit in writing by December 1 of each year any hours to sell back on a quarterly basis in the upcoming calendar year. Such written requests will be processed annually each quarter the second pay period of March, June, September and December based upon the employee’s written request submitted in December of the previous year. Cash out of holiday hours will be paid at the employee’s regular hourly rate of pay for their regular position appointment and not at the rate for any “acting” assignment that the employee may be serving at the time cash-out occurs.
Holiday Buy Back. (a) Members will be permitted to sell back unused holidays, to the extent and under the limitations set forth in this Article.
