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.
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 — 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 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) 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.
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.
