Pay Instead of Vacation Sample Clauses

Pay Instead of Vacation. Fire Prevention employees may sell back a portion of their vacation that is earned each year in accordance with the following rules:
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Pay Instead of Vacation. Employees who have earned and accumulated eighty (80) hours or more of vacation in any one year are eligible to buy back forty (40) of their vacation hours in the last pay period of that anniversary year provided that the employee must first take a minimum of forty (40) consecutive hours of vacation or other paid leave other than sick leave. Employees experiencing unexpected military or medical circumstances at the time of their last anniversary pay period will be given consideration by the Chief for more hours of time paid to the max of eighty (80) hours.
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Pay Instead of Vacation. Employees may buy back a portion of their vacation that is earned each year in accordance with the following rules: Employees who earn forty (40) hours’ vacation are not eligible to buy back any portion of their vacation entitlement; Employees who have earned an accumulated eighty (80) hours or more vacation hours in any one year are eligible to buy back up to one-half of their vacation hours provided that the employee must first take a minimum of 40 consecutive hours of vacation leave. For purposes of this Section, if a holiday is contained in this forty (40) hour vacation leave, it shall be considered as part of the forty (40) hour vacation leave. An employee so eligible may also carry over remaining vacation hours to the next year provided that a maximum of two hundred (200) hours of vacation accumulation is not exceeded. No payment or time off will be provided for any accrued vacation in excess of two hundred (200) hours. INSURANCE
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Related to Pay Instead of Vacation

  • Pay in Lieu of Vacation Employees may in any federal fiscal year elect, in twelve (12) hour increments, in lieu of vacation time off, to receive compensation for up to sixty (60) hours for the year and is subject to management approval.

  • Banked Vacation Once every five years an employee may bank one full year's vacation to be taken in conjunction with the next year's vacation. For the purposes of this clause, all vacation in the second year must be taken concurrently.

  • Time of Vacation (a) All vacation earned during one (1) vacation year shall be taken during the next following vacation year at a mutually agreeable time.

  • Paid Vacation Except as otherwise provided in this Article, paid vacation shall be granted no longer than the fiscal year immediately following the fiscal year in which it is earned.

  • Accrued Vacation It is further agreed by the parties hereto that, upon sale or transfer of ownership of any store or upon dissolution of business, vacation pay for all months worked for which no vacation pay has been given shall be immediately paid to all employees coming under this Agreement, regardless of length of time said employee has been with the Employer.

  • Weeks Vacation Subject to Article 17.08 and Article 17.01 (a) (ii), employees shall be entitled to take five (5) weeks vacation leave with pay during the first and subsequent complete fiscal years following the date in which they complete fourteen (14) years of service. Such leave shall be earned at the rate of two and one-twelfth (2 1/12) days for each completed calendar month of service.

  • Accumulation of Vacation Vacation leave may be accumulated to any amount provided that once during each fiscal year, each supervisor's accumulation must be reduced to two hundred and seventy-five (275) hours or less. If this is not accomplished on or before the last day of the fiscal year, the amount of vacation shall automatically be reduced to two hundred seventy-five (275) hours at the end of the fiscal year. Supervisors on a Military Leave under Appendix I shall earn vacation leave as though actually employed, without regard to the maximum accumulation set forth above. Vacation earned in excess of the maximum accumulation shall be taken within two (2) years of the date the supervisor returns from the Military Leave.

  • Earned Vacation Full-time employees, as defined in this article, shall accrue vacation as follows:

  • RATE OF VACATION PAY Compensation during vacation shall be at the rate of compensation as set forth for each classification in Appendix "A" which such employee would have been entitled to receive, including premium pay, while in active service during such vacation period.

  • Calculation of Vacation Pay Vacation pay shall be at the rate effective immediately prior to the vacation period. However, should any salary increase become effective during the employee's vacation period, he/she shall receive the benefit of such increase from the effective date.

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