Sell Back. In lieu of taking a banked Statutory Holiday, an employee shall be entitled to a payment equal to the amount defined in the preamble of this letter. Such payment shall be paid on the next appropriate pay day. On the day following the end of pay period #6 of each year, any remaining banked Statutory Holidays accumulated during the previous payroll year will be deemed to have been sold back. This paragraph does not apply to the employees in Kemano. Crew employees will be permitted to have their banked statutory holidays carried forward to enable them to schedule complete shift rotations off as per Kemano Letter of Understanding dated 21 July 2000. Where Statutory Holidays are deemed to have been sold back, the employee shall be entitled, on their next regular pay day, to a payment calculated in accordance with the preamble of this letter.
Sell Back. Once each fiscal year, an employee may request to sell back to the City up to 40 hours of accrued vacation time provided that the employee has taken or is scheduled to take at least 40 hours of vacation during the fiscal year and there is at least 80 hours of vacation remaining after the sellback. This option shall be available only once each fiscal year. Employees choosing to exercise this option must advise the City, in writing, through their department manager. The City shall distribute the funds within 30 days of the request.
Sell Back. An employee may "sell back" compensatory time accrued for compensation payment up to forty (40) hours of accrued compensatory time off per fiscal year. The employee may cash-out twice per fiscal year only in December and June and must submit a request to Payroll by the 1st of the month or per Payroll instructions.
Sell Back. An employee is eligible to “sell back” accrued leave in excess of 280 hours prior to his/her service date if the eligibility criteria outlined in paragraph (H) has been met.
Sell Back. Members are eligible to sell back vacation under the same City policy, procedures, and conditions that apply to other City employees.
Sell Back. (a) An employee in Leave Plan E who does not use all of the Personal Leave accrued in a fiscal year may elect to be paid the difference, on a percentage basis, between the amount accrued and the amount used for that fiscal year on an hour-for-hour basis.
Sell Back. After the last full pay period ending in May and November, employees may elect to receive payment for PTO hours earned but not used. Full time employees may sell back up to forty (40) hours of PTO in eight (8), ten (10), or twelve (12) hour increments provided they maintain seventy-two (72) hours in their bank at the time of the sell back. Part-time and limited part-time employees may sell back up to twenty-four (24) hours in eight (8), ten (10), or twelve (12) hour increments provided they maintain thirty-six (36) hours in their bank. Payment will be made at the employee’s base rate of pay. Sell back requests must be done in employee self service during the prescribed timeline. Sell back is voluntary and the decision to do so is final. Employees with fifteen (15) years or more of service who accrue more than their maximum allowable amount of PTO time by December 15 may elect to sell back up to forty (40) hours of additional PTO at the employee’s base rate of pay.
Sell Back. Any employee may sell back to the City up to fifty (50) hours of accrued vacation time during any fiscal year, limited to the following conditions:
Sell Back. Two (2) times per year, an employee may elect to sell back accrued vacation subject to the following: Total vacation sold back may not exceed forty (40) hours in one fiscal year. Employee must have a minimum balance of eighty (80) hours remaining after an amount of vacation time is sold back to the County. Employee may elect to receive a separate check or have the amount added to the regular monthly pay check.
Sell Back. 1. After six (6) months of employment, employees may sell back to the COUNTY accrued time management hours subject to the following restrictions:
