Common use of Vacation Buyback Clause in Contracts

Vacation Buyback. If an employee has at least ten (10) years seniority at the beginning of the calendar year , the employee may request in writing to receive forty (40) hours pay in the last full pay period of the calendar year in lieu of forty (40) hours of vacation time, by timely return of the Human Resources Department notice form.

Vacation Buyback. If an (a) An employee who has at least ten (10) 10 or more years of seniority at the beginning of the calendar year , the employee may request in writing to receive forty (40) 40 hours pay in the last full pay period December of the calendar year in lieu of forty (40) hours of vacation timepay year, by timely return of the Human Resources Department notice form. Said pay is in lieu of 40 hours vacation time and is subject to all applicable taxes.

Vacation Buyback. If an (a) An employee who has at least ten (10) 14 or more years of seniority at the beginning of the calendar year , the employee (10 years beginning in 2019) may request in writing to receive forty (40) 40 hours pay in the last full pay period December of the calendar pay year in lieu of forty (40) hours of vacation time, by timely return of the Human Resources Department notice form. Said pay is in lieu of 40 hours vacation time and is subject to all applicable taxes.

Vacation Buyback. If an (a) An employee who has at least ten (10) 14 or more years of seniority at the beginning of the calendar year (10 years beginning in 2019), who has taken at least 80 hours of vacation in the employee calendar year, may request in writing to receive forty (40) 40 hours pay in the last full pay period December of the calendar pay year in lieu of forty (40) hours of vacation time, by timely return of the Human Resources Department notice form. Said pay is in lieu of 40 hours vacation time and is subject to all applicable taxes.

Vacation Buyback. If an (a) An employee who has at least ten (10) 14 or more years of seniority at the beginning of the calendar year year, who has taken at least 80 hours of vacation in the employee calendar year, may request in writing to receive forty (40) 40 hours pay in the last full pay period December of the calendar year pay year. Said pay is in lieu of forty (40) 40 hours of vacation time, by timely return of the Human Resources Department notice formtime and is subject to all applicable taxes.