Vacation Buy Sample Clauses

Vacation Buy out 1) Documentation of one of the following scenarios must exist, and may consist of supervisor’s acknowledgement in writing, copies of an email exchange between the employee and supervisor, or similar substantiation, and; 2) The employee must have requested vacation and been denied by the Supervisor. The employee must further request and have been denied a reschedule of the vacation within 30 days of the original date proposed; 3) Or, the supervisor has failed to respond to a request for vacation leave within 30 days and later denied the request; 4) Or, the supervisor has approved a request for vacation leave and later revoked that approval. The decision to cash in vacation leave in accordance with this provision must be made by June 1. Vacation days cashed in shall be deducted from the employee’s vacation leave balance. Payment shall be made no later than the last pay period in July. Payments made under this provision shall not be included on base salary for any purposes, including the calculation of retirement benefits or subsequent salary increases.
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Vacation Buy. Back All employees may, during each PEF fiscal year (April 1-March 31), cash in up to fifteen earned and accrued vacation days. Requests to cash in vacation should be made in writing to the President of PEF or his/her designee. Employees may sell vacation days up to two times per fiscal year, but in no event shall the total number of days sold in a fiscal year exceed fifteen days. Employees may receive the vacation buy-back either as a direct payment through a payroll check/direct deposit or a contribution to their 401k. I. 401k Plan 1. PEF shall continue the 401k plan established during the 1999-2003 agreement. 2. Effective with the beginning of the payroll period ending January 3, 2009 PEF shall make an annual contribution of 3% of the employee’s annual salary to the employee’s 401k plan. All contributions will be made on a bi-weekly basis. The intended purpose of this employer contribution is to assist the employee in paying for health insurance in retirement. The parties intend for the plan to be classified by the IRS as a “Safe Harbor Plan”, requiring all employees to be automatically enrolled. J. Pre-Tax Accounts PEF shall continue to provide pre-tax flexible spending accounts without administrative charge to participating employees through which participating employees may pay for work related dependent care expenses, out of pocket health care expenses and work related commuting expenses on a pre-tax basis as permitted under the Internal Revenue Code and applicable IRS regulations. Any questions, issues or disputes arising out of the terms of this section J of this article shall be dealt with pursuant to Article 11 of this agreement and shall not be grievable. K. Health Insurance Opt-Out Program 1. PEF agrees to provide an option for USW-represented employees to withdraw (opt- out) from the PEF Healthcare Plan and receive a cash payment each and every year in lieu of health insurance The opt-out payment will be prorated over the 26 payroll cycles and appear as a credit to the employee’s wages for each bi-weekly payroll period. Employees who participate in the Opt-Out Program will begin receiving their payments as soon as practicable after the beginning of the Health Insurance Plan Year (currently February 1stand effective January 1, 2020, the plan year shall begin in January 1st). Employees who choose to opt out will receive the following annual payments: Individual Coverage $2,000 Two-Person Coverage/Adult with Child(ren) $3,000 Family Coverage $4,...
Sample 1
Vacation Buy out 1) Documentation of one of the following scenarios must exist, and may consist of supervisor’s acknowledgement in writing, copies of an email exchange between the employee and supervisor, or similar substantiation, and; 2) The employee must have requested vacation and been denied by the Supervisor. The employee must further request and have been denied a reschedule of the vacation within 30 days of the original date proposed; 3) Or, the supervisor has failed to respond to a request for vacation leave within 30 days and later denied the request; 4) Or, the supervisor has approved a request for vacation leave and later revoked that approval. The decision to cash in vacation leave in accordance with this provision must be made by June 1. Vacation days cashed in shall be deducted from the employee’s vacation leave balance. Payment shall be made no later than the last pay period in July. Payments made DocuSign Envelope ID: AEE5CD1D-7681-4F1A-9937-C0D4107B31DD DocuSign Envelope ID: 7D2F41D7-6349-4FE3-A65E-5FE0671CF261 under this provision shall not be included on base salary for any purposes, including the calculation of retirement benefits or subsequent salary increases.
Sample 1
Vacation Buy out‌ Employees with at least three (3) years of service as of June 1 of each year of this Agreement shall be eligible to receive as a cash payment an amount equal to up to one week of the individual’s accrued vacation leave, provided that the following conditions are met: 1) Documentation of one of the following scenarios must exist, and may consist of supervisor’s acknowledgement in writing, copies of an email exchange between the employee and supervisor, or similar substantiation, and; 2) The employee must have requested vacation and been denied by the Supervisor. The employee must further request and have been denied a reschedule of the vacation within 30 days of the original date proposed; 3) Or, the supervisor has failed to respond to a request for vacation leave within 30 days and later denied the request; 4) Or, the supervisor has approved a request for vacation leave and later revoked that approval. The decision to cash in vacation leave in accordance with this provision must be made by June 1. Vacation days cashed in shall be deducted from the employee’s vacation leave balance. Payment shall be made no later than the last pay period in July. Payments made under this provision shall not be included on base salary for any purposes, including the calculation of retirement benefits or subsequent salary increases.
Sample 1
Vacation Buy back The City will buy back up to one week (40 hours) of vacation annually, after 10 years of service with the City and an additional one week (40 hours) of vacation annually, after 15 years of service with the City, so long as the Member has an accrued vacation balance of at least one week (40 hours) remaining following the buy back. To request a vacation buy back, the Member shall submit a written request to the City Manager. So long as the Member meets the requirement of this subsection, the City Manager shall grant the request.
Sample 1
Vacation Buy. Back 1. Vacation buy back will be offered by the Company, in writing. 2. The Company shall advise the LEC/MEC Union officers and the appropriate Flight Attendants as to the number vacation periods needed. 3. The Company will offer vacation buy back in seniority order, within the affected domicile. 4. A Flight Attendant will submit in writing her/his request to accept vacation buy back for her/his vacation days. 5. A Flight Attendant will be notified of her/his awarded vacation buy back by the Company. These vacation buyback award(s) will be confirmed in writing. The Flight Attendant will be awarded her/his original bid line trips without vacation applied, if still available. If not available, trips will be assigned on the originally scheduled work days. A reserve will be assigned reserve day(s) on the originally scheduled reserve days. 6. A Flight Attendant who accepts vacation buy-back shall be paid and credited as if the vacation had not been bought, in addition to two (2) hours of credit, per vacation day and the vacation period will be restored to the Flight Attendant’s bank for rebid.
Sample 1
Vacation Buy. OUT Members receiving premium and/or specialty team incentive pay at the time of their retirement will receive the same amount calculated for the purpose of vacation “buy out”. Premium and Specialty Team assignments include, but are not limited to: EMT-Paramedic, Hazardous Materials Team, Urban Search and Rescue / Technical Rescue Team, Water Rescue Team, Dive Team, SWAT Team, SCBA Technician and 740 investigator.
Sample 1
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Related to Vacation Buy

  • 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.

  • Vacation; Sick Leave During the Employment Term, the Executive shall be entitled to not less than four (4) weeks of vacation during each calendar year and sick leave in accordance with the Company’s policies and practices with respect to its executives.

  • Vacation Bidding 1. Vacations will be bid by shifts in a Bid Area, except that in any Bid Area having less than 50 employees, vacations shall be bid by Bid Area. When mutually agreed between the Company and the local Union Business Agent/Chief Stewards/Coordinator vacations may be bid by groupings other than those listed herein. Provided that the Company will not unreasonably withhold agreement to such grouping as the local Business Agent advocates. It shall not be unreasonable for the Company to withhold agreement if the proposed grouping can reasonably be expected to materially affect the operation or any portion thereof. 2. In each vacation bidding group, the Department Head or Designee, will determine the total number of vacation weeks to be taken including regular earned vacation and deferred Holidays. For determining weeks to be bid, two (2) or less days will not be considered as a week. 3. If the total number of weeks to be taken is fifty (50) weeks or less, only one (1) person will be awarded a vacation in any given week (considered as a column). 4. If the total number is greater than fifty (50) weeks, a full column will be available for bidding each fifty (50) weeks, and if necessary, a partial column will be available for any remaining weeks in the last column. This method is used to avoid scheduling more people than necessary to be on vacation in any specific week. 5. Once a year, generally in early November, employees will bid for available vacation in the succeeding year based on adjusted Company Service Date. The Company will post notice of where and when employees will bid their initial and subsequent rounds of vacation. Employees will at that specific time, have three (3) ways to notify management of their bid preferences. They may show up in person, or telephone in their preference, or submit a written pre-bid to the designated management representative prior to any particular vacation bid round. Written confirmation will be provided to employees submitting written pre-bids. Once the entire vacation biding process is completed the vacation listings will be posted no later than December 15th. 6. Employees may bid one (1) continuous vacation period, which may include all or any portion of the vacation to which he is entitled. However if the employee is eligible for less than ten (10) working days the employee may not split the available vacation. Once an employee is eligible for ten (10) working days or more, the employee may split the employee’s vacation into separate periods of complete weeks and if a partial week remains, it will be taken in conjunction with one (1) of the employee’s complete weeks. 7. Once each employee has had the opportunity to bid, additional rounds of bidding will be permitted following the same procedure used on the initial round. 8. If an employee does not bid at all, during any given round, the employee will not be given the opportunity to bid until the next round. However if an employee misses his bid time but calls or shows up to bid before that particular round is complete, he will be allowed to bid at that time from the remaining available weeks. 9. If an employee is a member of the Military Reserve and will attend a two

  • 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.

  • Vacation Schedule 1. Vacation periods shall be fixed by the Employer to suit the requirements of his business, but as far as possible and practicable, vacations will be given during the summer months, and for employees with school-age children, during the school vacations. Vacation periods shall be unbroken unless by mutual consent between Employer and employee, or where it is impractical. Grievances relating to this Section shall be subject to the Adjustment and Arbitration Procedure in this Agreement. 2. Time off, based upon service in the Industry Vacation Plan, may be granted to an employee by mutual agreement between the Employer and the employee. The Employer shall not be required to give time off based upon service under the Industry Vacation Plan. However, if such additional industry vacation time off is granted to an employee, such time off shall be counted as time worked for the purpose of computing the employee's earned vacation benefits on his next anniversary date of employment.

  • Paid Vacation Except as otherwise provided in this Article, paid vacation shall be granted no later than the fiscal year immediately following the fiscal year in which it is earned. Following the completion of six (6) months of service, the employee shall be entitled to use earned paid vacation.

  • VACATION PLAN 2 All employees in the bargaining unit shall earn paid vacation time 3 under this Article. Vacation benefits are earned on a fiscal year 4 basis--July 1 to June 30. 5 8.1 Unit members are entitled to vacation with pay at the rates 6 to be found in the following schedule: 7 8.1.1 . 83 of a day for each month worked during the first 8 three (3) years.

  • Vacation; Paid Time Off During the Employment Term, the Executive shall be entitled to paid vacation in accordance with the Company’s vacation policies, as in effect from time to time. The Executive shall receive other paid time-off in accordance with applicable law and the Company’s policies for executive officers as such policies may exist from time to time.

  • VACATION LEAVE WITH PAY 14.01 The vacation year shall be from April 1st of one calendar year to March 31st of the following calendar year inclusive.

  • Vacation Scheduling (a) Employees shall indicate their vacation preference by February 1st of each year, and the Employer shall post the final vacation schedule by April 1st of each year. Choice of vacation period shall be based on seniority but shall be determined by the Director of Resident Care or designate having due regard to the proper operation of the Home. Vacation requests made after the posting of the vacation schedule shall be determined by the Director of Care or designate having due regard to the proper operation of the Home on a first come first serve basis, not on seniority. (b) Vacations may be taken at any time of year, and the Employer will grant request where possible, provided that vacation quotas shall not be unduly restrictive, and vacation shall not be unreasonably withheld. The Employer will give consideration to an employee’s request for vacation between the period of December 15 and January 15, provided the employee will be fulfilling her or his commitment to work either Christmas or New Year’s. (c) Employees may request pursuant to Article 13.08 to have the weekend off prior to or following their vacation. The Employer will endeavour to schedule such request subject to the following: i) Where the weekend off is granted and the employee was otherwise scheduled to work on those days, such extra days will be deemed to be vacation days; ii) The employee must have such vacation entitlement available; and, iii) The weekend off being requested must be contiguous with (i.e. consecutive with) the employee’s original vacation. (d) Prior to leaving on vacation, an employee shall be notified of the date on which to report back for work following vacation if the posted work schedule does not cover the employees’ vacation period, if the information is known to the employer. (e) Full-time employees will be granted time off in single days or multiples thereof upon request, provided the employer agrees to that request. The maximum allotment of these days will be five (5) days.

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