Common use of Vacation Buy Back Clause in Contracts

Vacation Buy Back. Towards a goal of reducing overtime costs, employees have the option to sell the equivalent of one-year's earned vacation accrual back to the City during the month of April each year at straight-time value. Payment will be made on the last paycheck in April. The employee shall retain a minimum of one-half year's vacation accrual on the books at the time of the sale.

Appears in 5 contracts

Samples: police.escondido.org, fire.escondido.org, mccmeetingspublic.blob.core.usgovcloudapi.net

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