Selling Back Vacation Clause Samples

The "Selling Back Vacation" clause allows employees to exchange unused vacation days for monetary compensation instead of taking time off. Typically, this clause outlines the conditions under which vacation days can be sold back, such as eligibility requirements, the rate of compensation, and any annual limits on the number of days that can be sold. Its core practical function is to provide flexibility for employees who prefer additional pay over time off, while also helping employers manage accrued vacation liabilities.
Selling Back Vacation. Effective July 1, 2007, after completing one year of service a unit member may elect to sell back up to twenty-four (24) hours of vacation paid at the unit member’s base hourly rate of pay. Unit Members who elect to sell back vacation must have a remaining balance of seventy-two hours (72) following the sell back. Payouts shall occur in accordance with the compensatory time pay out schedule. (See Article 14)
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Selling Back Vacation. Employees who have at least ten (10) years of service with the Santa ▇▇▇▇ Police Department may elect to sell back up to 80 hours of vacation at the employee’s base hourly rate of pay including POST and Motor pay. The vacation sell-back will be allowed only one time per fiscal year. To be eligible to sell back vacation, employees must have at least 80 hours remaining after the sell-back. Effective January 1, 2018, the vacation sell-back will be permitted once per calendar year, rather than once per fiscal year.
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Related to Selling Back Vacation

  • Vacation Buy Back Employees shall have the option of requesting pay in lieu of time off up to a maximum of 144 hours of vacation time each year, during each year of the contract in increments of eight (8) hrs. Such requests are subject to the approval of the department head and the availability of funds.

  • Callback from Vacation ‌ (a) Employees who have commenced their annual vacation shall not be called back to work, except in cases of extreme emergency. (b) When, during any vacation period, an employee is recalled to duty, he/she shall be reimbursed for all reasonable expenses incurred by himself/herself, in proceeding to his/her place of duty and in returning to the place from which he/she was recalled upon resumption of vacation, upon submission of receipts to the Employer. (c) Time necessary for travel in returning to his/her place of duty and returning again to the place from which he/she was recalled shall not be counted against his/her remaining vacation time.

  • Vacation Sell Back Unit members may sell-back to the City up to twenty (20) days of accrued vacation each calendar year:

  • Vacation During the Employment Period, the Executive shall be entitled to paid vacation in accordance with the most favorable plans, policies, programs and practices of the Company and its affiliated companies as in effect for the Executive at any time during the 120-day period immediately preceding the Effective Date or, if more favorable to the Executive, as in effect generally at any time thereafter with respect to other peer executives of the Company and its affiliated companies.