Vacation Purchase Plan (VPP. 15.8.7.1 The Vacation Purchase Plan allows regular full-time employees to purchase additional vacation time (Article 20). • Employees may purchase an additional five (5) day block of vacation in addition to their annual vacation entitlement. Effective October 28, 2009 employees may purchase an additional five (5) day block, for a maximum of ten (10) days. • Employees will pay for this extra vacation time through payroll deductions taken equally from their paychecks throughout the calendar year prior to the vacation time being used. • The cost of the five (5) day vacation block (purchase rate) is determined by dividing the employee’s full-time annual base pay, at the beginning of the calendar year when it is requested, by fifty-two (52) weeks. • The additional vacation becomes available for use at the beginning of the calendar year after it has been fully paid. • Purchased vacation hours not used will not be carried into the next calendar year. Any unused vacation time under the program will be reimbursed to the employee at the original rate the employee paid for the allocation. • Employees must submit an application for the VPP at least twelve (12) months prior to the start of the calendar year in which it is to be taken. Applications at any other time of the year will not be accepted.
Vacation Purchase Plan (VPP. 15.8.7.1 The Vacation Purchase Plan allows regular full-time employees to purchase additional vacation time (Article 20). • Employees may purchase up to two five (5) day blocks of vacation for a maximum of (10) days, in addition to their annual vacation entitlement. Employees will pay for this extra vacation time through payroll deductions taken equally from their paychecks throughout the calendar year prior to the vacation time being used. • The cost of the five (5) day vacation block (purchase rate) is determined by dividing the employee’s full-time annual base pay, at the beginning of the calendar year when it is requested, by fifty-two (52) weeks. • The additional vacation becomes available for use at the beginning of the calendar year after it has been fully paid. • Purchased vacation hours not used will not be carried into the next calendar year. Any unused vacation time under the program will be reimbursed to the employee at the original rate the employee paid for the allocation. • Employees must submit an application for the VPP at least twelve
Vacation Purchase Plan (VPP. 15.8.7.1 The Vacation Purchase Plan allows regular full-time employees to purchase additional vacation time (Article 20). • Employees may purchase up to two five (5) day blocks of vacation for a maximum of (10) days, in addition to their annual vacation entitlement. Employees will pay for this extra vacation time through payroll deductions taken equally from their paychecks throughout the calendar year prior to the vacation time being used. • The cost of the five (5) day vacation block (purchase rate) is determined by dividing the employee’s full-time annual base pay, at the beginning of the calendar year when it is requested, by fifty-two
