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.
1. No later than November 1 of each calendar year, Human Resources will send a written notice of employees who are eligible to sell-back further vacation accruals, notifying the employee of their eligibility to participate in the program and providing the employee with an election form. Employees will have until close of business on December 31st to submit their written request for the sell-back of future vacation accruals in the following calendar year. If the employee fails to turn in the election form or turns it in after close of business on December 31, no amount of the vacation earned in the following calendar year will be paid out in cash, unless the employee uses the vacation hours or terminates employment with the District.
2. In compliance with the Internal Revenue Service's requirements, once the election to sell-back future vacation accruals is made, the employee may not rescind the election and must take the cash out.
3. The employee will be paid for their accrued Vacation hours in any pay period selected by the employee following their accrual of the total number of vacation hours the employee requests to sell-back. In no event may the sell-back occur later than the December 25th pay period of the year in which the vacation hours were accrued. The employee will be paid for their future accrued vacation hours based upon the hourly rate of the employee in effect on the date the hours are accrued.
Vacation Sell. BACK — The decision to sell back vacation time to the Company shall 10 be made prior to November 1 of each year and shall so be communicated to the Company. All 11 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.
G. 1) Vacation time does accrue to an employee: • For all regular “on duty” time. • While drawing full sick leave benefits (not while drawing sick leave to make up the differential between workers compensation or LTD benefits and base wages) • Continuously while on leave of absence with pay. • Continuously while on vacation. • From the first day of employment. • Vacation leave accruals will be prorated for actual hours worked when an employee is on LTD/Light Duty
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.
G. 1) Vacation time does accrue to an employee: For all regular “on duty” time. While drawing full sick leave benefits Continuously while on leave of absence with pay. Continuously while on vacation. From the first day of employment. Vacation leave accruals will be prorated for actual hours worked when an employee is on WC/LTD/Light Duty
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.
Vacation Sell. Back Employees covered by this agreement are allowed an optional sell-back of accumulated vacation or floating holiday leave. Once per calendar year, an employee may sell back accumulated leave, but not more than the equivalent of 50% of one year’s accrual rate for vacation and floating holiday leave. Any vacation sell-back permissible under this section requires that a minimum of 40 hours of accrued vacation leave remain in employee’s leave bank.
