Vacation Sell Sample Clauses

Vacation Sell. Back Suppression employees may sell back up to a maximum of one hundred and twenty (120) hours of vacation leave each April. Payments will be made at a rate of one hundred percent (100%) of each employee’s base wage plus incentive pays.
AutoNDA by SimpleDocs
Vacation Sell. Back Program In November of each year, an eligible employee may sell back up to a maximum of three (3) weeks of his/her vacation for ⅔ of its value if he/she has more than 80 hours in his/her vacation bank. After the sell-back process is completed, the eligible employee must have a minimum balance of 80 hours in his/her vacation bank after November 30th.
Vacation Sell. Back for Cash - No later than December 31 in any calendar year, an employee may request in writing to Payroll to be paid the cash value of up to 80 hours of vacation the employee is scheduled to accrue in the subsequent calendar year, so long as the employee has 80 hours of unused accrued vacation available on October 31 of the calendar year in which the request is made.
Vacation Sell. Back In lieu of taking vacation, a worker may choose to sell-back their vacation hours to the employer, provided the worker retains a minimum balance of 80 hours vacation and provided that she/he has taken at least five days of vacation during the previous twelve (12) months. Payments will be made upon written request to the supervisor, with fifteen (15) days advance notice to payroll when possible. The required eighty (80) hour balance may be waived at the CEO's discretion.
Vacation Sell. Back for 40/45 Hour Employees: An employee assigned to a forty (40) or forty-five (45) hour workweek may request and be paid for a maximum of two weeks (80 or 90 hours, respectively) vacation time, providing the employee has sufficient accumulation of vacation. Requests for vacation sell-back must be made in increments of twenty (20) hours for employees scheduled to work forty (40) hour workweeks and twenty-two and a half (22.5) hours for employees scheduled to work forty-five (45) hour workweeks. All such vacation requests must be submitted on a monthly basis. Requests must be submitted to Payroll with the regular monthly time sheet and will be paid on the next payday. Accrued vacation time will be sold back to the employee at the employee’s regular rate of pay at the time of the sell back. T1/T2 PERS members hired before July 1, 2019 may sell-back an additional 20 hours vacation time for 40-hour employees, or an additional 22.5 hours vacation for 45-hour employees, starting at 20 years of service.
Vacation Sell. BACK — The decision to sell back vacation time to the Company shall be made prior to November 1 of each year and shall so be communicated to the Company. All employees can sell back no more than 50% of their earned vacation time.
Vacation Sell back - Employees will have the option to sell back to the City up to one- hundred twenty (120) hours of accrued vacation (taxable) during the term of the MOU. To qualify, the employee must have used at least forty (40) hours of vacation during the previous 12 months. Employees may only submit requests to sell back vacation twice in any calendar year, so long as the requests are not in consecutive pay periods. In addition to the sell-back provision above, Employees will have the option to sell back to the City up to forty (40) hours of accrued vacation (maximum 120 hours in a calendar year), payable into tax-free, non-pensionable 457 Deferred Compensation Plan Accounts, during the term of the MOU.
AutoNDA by SimpleDocs

Related to Vacation Sell

  • Vacation Selection Beginning January 2 of each calendar year, employees will be scheduled a time, based on seniority, to select up to three (3) segments of available vacation leave during the time period of April 1 through March 31. A “segment” is one (1) or more contiguous days of vacation leave. No segment shall include more than ten (10) consecutive days of vacation leave in June, July, and/or August, provided that an employee may select contiguous segments of vacation leave. Each employee will be guaranteed one (1) scheduled workweek of vacation leave if requested as one of their segments. Off-shift times to select a vacation will not be considered as “time worked” for purposes of computing callback or overtime. If an employee is unable to be present during their scheduled time they may make their choice by telephone, email, or another individual with written documentation of designation, may select a vacation segment(s) for the employee. If the employee fails to select their vacation during their assigned time, the Employer may proceed with scheduling. The employee will be provided an opportunity to select their segment(s) at a later date when they are available. The Employer will publish the vacation schedule by March 1, after considering requests, as well as Agency program needs. Employees will complete a Leave Request Form no less than thirty (30) days prior to any approved vacation segment taken.

  • Vacation Buy Back Employees shall have the option of requesting pay in lieu of time off up to a maximum of 144 hours of vacation time each year, during each year of the contract in increments of eight (8) hrs. Such requests are subject to the approval of the department head and the availability of funds.

  • Call Back From Vacation (a) Employees who have commenced their annual vacation shall not be called back to work, except in cases of extreme emergency.

  • Recall from Vacation The Employer will make every reasonable effort not to recall an Employee to duty after she has proceeded on vacation leave or to cancel vacation once it has been approved.

  • Banked Vacation Once every five years an employee may bank one full year's vacation to be taken in conjunction with the next year's vacation. For the purposes of this clause, all vacation in the second year must be taken concurrently.

  • Prime Time Vacation Period Subject to the provisions of this article, it is the intent of the parties that no employee will be restricted in the time of year they choose to take their vacation. The Employer will make every effort to allow employees to take their vacation during the period of April 15th to October 15th inclusive, which will be defined as the prime time vacation period.

  • Paid Vacation Except as otherwise provided in this Article, paid vacation shall be granted no longer than the fiscal year immediately following the fiscal year in which it is earned.

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!