Common use of PTO Sell Back Clause in Contracts

PTO Sell Back. Day shift employees may sell back up to a maximum of one hundred and twenty (120) hours of PTO leave each April. Employees will be paid for no more than one hundred and twenty (120) hours at a rate equal to one hundred percent (100%) of their base wage plus incentive pays.

PTO Sell Back. Day Non-suppression/day shift employees may sell back up to a maximum of one hundred and twenty (120) hours of PTO leave each April. Employees will be paid for no more than one hundred and twenty (120) hours hours, at a rate equal to one hundred percent (100%) of their base wage plus incentive pays, except that no employee may have more than these hours converted to pay in the current fiscal year.