Common use of Vacation Buyout Clause in Contracts

Vacation Buyout. Employees who are placed on lay-off may request to receive payment for earned but unused vacation benefits. Such payment shall be made within sixty (60) days of the request. If the member obtains other employment an submits resignation, then they will receive buyout according to CBA.

Vacation Buyout. Employees who are placed on lay-off may request to receive payment for earned but unused vacation benefits. Such payment shall be made within sixty (60) days of the request. If the member obtains other employment an submits resignation, then they will receive buyout according to CBA.