Sellback. Any employee who has completed his/her initial probation, including rehire status may elect to exchange up to 60 hours of vacation or bonus leave (or any combination thereof) for up to 60 hours of gross salary, excluding overtime. Exchange of annual leave shall only be done at the first payday of each November. Employees shall submit their request for sellback by October 1st of each year. Exchange privileges apply only to accrued annual leave and/or bonus leave.
Appears in 5 contracts
Samples: Collective Bargaining Agreement, Collective Bargaining Agreement, emrb.nv.gov
Sellback. Any employee who has completed his/her initial probation, including rehire status may elect to exchange up to 60 hours of vacation or bonus leave (or any combination thereof) for up to 60 hours of gross salary, excluding overtime. If vacation leave is sold back, the employee must have a remaining balance of 80 hours of vacation after the sellback. Exchange of annual leave shall only be done at the first payday of each November. Employees shall submit their request for sellback by October 1st of each year. Exchange privileges apply only to accrued annual leave and/or bonus leave.
Appears in 1 contract
Samples: www.lvmpd.com
