Common use of Vacation Buy Back Clause in Contracts

Vacation Buy Back. Each employee in this bargaining unit may request and receive payment up to a total of eighty (80) hours of accrued vacation within a calendar year. Such request shall be made during any biweekly pay period. Effective with the first pay date in January 2001, all buy backs will be subject to an eighty (80) hour maximum in a twelvemonth period.

Vacation Buy Back. Each employee in this bargaining unit may request during any pay period and receive payment at the base hourly rate for up to eighty (80) hours per calendar year of accrued vacation leave, provided there is a total minimum remaining balance of eighty (80) hours of accrued vacation within a calendar year. Such request shall be made during any biweekly pay periodfollowing payment. Effective with the first pay date in January 2001March 3, 2003, all buy buy-backs will be subject to an eighty (80) hour maximum in a twelvemonth twelve- month period.

Vacation Buy Back. Each employee in this bargaining unit may request and during any pay period to receive vacation buyback payment up to a total at their base hourly rate. A maximum of eighty (80) hours of accrued vacation within a calendar year. Such request shall may be made during any biweekly pay period. Effective with the first pay date in January 2001, all buy backs will be subject to an eighty (80) hour maximum purchased in a twelvemonth (twelve) 12-month period, and a minimum of (eighty) 80 hours must remain in the employee’s accrued balance after purchase.