Common use of Vacation Buyback Clause in Contracts

Vacation Buyback. 1. The Company will make available on an annual basis in each domicile a minimum of five and a half percent (5.5%) of the total annual domicile vacation accrual, excluding any vacation carryover, for vacation buyback. Vacation buyback will be awarded by domicile in seniority order to individual Flight Attendants prior to the annual vacation bid and establishment of the vacation matrix. Any reduction in the vacation matrix due to vacation buyback shall be distributed equally throughout the year. Vacation buyback awarded in accordance with the provisions of this Paragraph will be paid in the subsequent year, no later than the last pay period in February. 2. Following the completion of the annual vacation buyback process as specified in F.1, above, the Company may, at its sole discretion, make available additional vacation buyback in any domicile on a monthly basis. The Company shall notify Flight Attendants of the vacation buyback prior to the 1st of the bid month. If vacation buyback is offered, the award will be processed in seniority order by domicile with eighty percent (80%) of such vacation buyback

Vacation Buyback. 1. The Company will make available on an annual basis in each domicile a minimum of five and a half percent (5.5%) of the total annual domicile vacation accrual, excluding any vacation carryover, for vacation buyback. Vacation buyback will be awarded by domicile in seniority order to individual Flight Attendants prior to the annual vacation bid and establishment of the vacation matrix. Any reduction in the vacation matrix due to vacation buyback shall be distributed equally throughout the year. Vacation buyback awarded in accordance with the provisions of this Paragraph will be paid in the subsequent year, no later than the last pay period in February. 2. Following the completion of the annual vacation buyback process as specified in F.1, above, the Company may, at its sole discretion, make available additional vacation buyback in any domicile on a monthly basis. The Company shall notify Flight Attendants of the vacation buyback prior to the 1st of the bid month. If vacation buyback is offered, the award will be processed in seniority order by domicile with eighty percent (80%) of such vacation buybackbuyback allocated for Lineholders and twenty percent (20%)