Common use of Holiday Sell Back Clause in Contracts

Holiday Sell Back. Employees may exercise their option to receive compensation in lieu of holiday leave up to the maximum as follows: Up to 144 hours times the employee’s straight time hourly rate (annual salary divided by annual hours of work) equals holiday compensation. Such compensation may be taken in lieu of leave with pay, subject to the following provisions: Prior to January 1 of each year, the employees in the bargaining unit performing 24- hour duty periods shall individually declare, on a form provided by the department, whether or not they wish to take such compensation in the form of cash payment in lieu of holiday leave. Upon receiving the forms completed, the Fire Chief or their designee shall determine whether or not it is in the best interest of the department to accept cash payment in lieu of holiday leave as indicated or reject the desires of the employees as a whole. It is understood that the procedures described herein for exercising the option to receive compensation in lieu of holiday leave may be invoked at any time if mutually agreed by the Employer and the Union.

Holiday Sell Back. Employees may exercise their option to receive compensation in lieu of holiday leave up to the maximum as follows: Up to 144 120 hours times the employee’s straight time hourly rate (annual salary divided by annual hours of work) equals holiday compensation. Such compensation may be taken in lieu of leave with pay, subject to the following provisions: Prior to January 1 of each year, the employees in the bargaining unit performing 24- 24-hour duty periods shall individually declare, on a form provided by the department, whether or not they wish to take such compensation in the form of cash payment in lieu of holiday leave. Upon receiving the forms completed, the Fire Chief or their his/her designee shall determine whether or not it is in the best interest of the department to accept cash payment in lieu of holiday leave as indicated or reject the desires of the employees as a whole. It is understood that the procedures described herein for exercising the option to receive compensation in lieu of holiday leave may be invoked at any time if mutually agreed by the Employer and the Union.

Holiday Sell Back. Employees may exercise their option to receive compensation in lieu of holiday leave up to the maximum as follows: Up to 144 hours times the employee’s straight time hourly rate (annual salary divided by annual hours of work) equals holiday compensation. Such compensation may be taken in lieu of leave with pay, subject to the following provisions: Prior to January 1 of each year, the employees in the bargaining unit performing 24- 24-hour duty periods shall individually declare, on a form provided by the department, whether or not they wish to take such compensation in the form of cash payment in lieu of holiday leave. Upon receiving the forms completed, the Fire Chief or their his/her designee shall determine whether or not it is in the best interest of the department to accept cash payment in lieu of holiday leave as indicated or reject the desires of the employees as a whole. It is understood that the procedures described herein for exercising the option to receive compensation in lieu of holiday leave may be invoked at any time if mutually agreed by the Employer and the Union.

Holiday Sell Back. Employees may exercise their option to receive compensation in lieu of holiday leave up to the maximum as follows: Up to 144 120 hours times the employee’s straight time hourly rate (annual salary divided by annual hours of work) equals holiday compensation. Such compensation may be taken in lieu of leave with pay, subject to the following provisions: Prior to January 1 of each year, the employees in the bargaining unit performing 24- 24-hour duty periods shall individually declare, on a form provided by the department, whether or not they wish to take such compensation in the form of cash payment in lieu of holiday leave. Upon receiving the forms completed, the Fire Chief or their designee shall determine whether or not it is in the best interest of the department to accept cash payment in lieu of holiday leave as indicated or reject the desires of the employees as a whole. It is understood that the procedures described herein for exercising the option to receive compensation in lieu of holiday leave may be invoked at any time if mutually agreed by the Employer and the Union.