Common use of Vacation Sell-Back Program Clause in Contracts

Vacation Sell-Back Program. On an optional basis employees may elect to sell back a maximum of 120 hours of their accumulated vacation balance. A maximum of three weeks can be sold back at ⅔ of its value in the month of November. Employees who choose this option must maintain a minimum balance of 80 hours of vacation time after November 30.

Appears in 4 contracts

Samples: Collective Bargaining Agreement, Collective Bargaining Agreement, Collective Bargaining Agreement

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Vacation Sell-Back Program. On an optional basis employees may elect to sell back a maximum of 120 hours portion of their accumulated vacation balance. A maximum of three weeks can be sold back at ⅔ of its value in the month of November. Employees who choose this option must maintain a minimum balance of 80 hours of vacation time after November 30.

Appears in 3 contracts

Samples: Labor Agreement, Collective Bargaining Agreement, Collective Bargaining Agreement

Vacation Sell-Back Program. On In November of each year, an optional basis employees eligible employee may elect to sell back a maximum of up to 120 hours of their accumulated vacation balance. A maximum of three weeks can be sold back at for ⅔ of its value if the employee has more than 80 hours in their vacation bank. After the month of November. Employees who choose this option sell- back process is completed, the eligible employee must maintain have a minimum balance of 80 hours of in their vacation time bank after November 3030th. This sell-back amount will be paid on the first pay date in December. The employee can elect for the payment to be made to the employee 457 deferred compensation account or it may be paid out in the first paycheck in December.

Appears in 2 contracts

Samples: Collective Bargaining Agreement, Collective Bargaining Agreement

Vacation Sell-Back Program. On In November of each year, an optional basis employees eligible employee may elect to sell back a maximum of up to 120 hours of their accumulated his/her vacation balance. A maximum of three weeks can be sold back at for ⅔ of its value if he/she has more than 80 hours in his/her vacation bank. After the month of November. Employees who choose this option sell-back process is completed, the eligible employee must maintain have a minimum balance of 80 hours of in his/her vacation time bank after November 3030th. This sell-back amount will be paid on the first pay date in December.

Appears in 1 contract

Samples: Collective Bargaining Agreement

Vacation Sell-Back Program. On In November of each year, an optional basis employees eligible employee may elect to sell back a maximum of up to 120 hours of their accumulated vacation balance. A maximum of three weeks can be sold back at for ⅔ of its value if the employee has more than 80 hours in their vacation bank. After the month of November. Employees who choose this option sell- back process is completed, the eligible employee must maintain have a minimum balance of 80 hours of in their vacation time bank after November 3030th. This sell-back amount will be paid on the first pay date in December.

Appears in 1 contract

Samples: Collective Bargaining Agreement

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Vacation Sell-Back Program. On In October of each year, an optional basis employees eligible employee may elect to sell back a maximum of up to 120 hours of their accumulated the employee vacation balance. A maximum of three weeks can be sold back at for ⅔ of its value if the employee has more than 80 hours in the month of Novemberemployee vacation bank. Employees who choose this option After the sell-back process is completed, the eligible employee must maintain have a minimum balance of 80 hours of in the employee vacation time after November 30bank. The employee can elect for the payment to be made to the employee 457 deferred compensation account or it may be paid out in the first paycheck in December.

Appears in 1 contract

Samples: Collective Bargaining Agreement

Vacation Sell-Back Program. On In October of each year, an optional basis employees eligible employee may elect to sell back a maximum of up to 120 hours of their accumulated his/her vacation balance. A maximum of three weeks can be sold back at for ⅔ of its value if he/she has more than 80 hours in his/her vacation bank. After the month of November. Employees who choose this option sell-back process is completed, the eligible employee must maintain have a minimum balance of 80 hours of in his/her vacation time after November 30bank. The employee can elect for the payment to be made to his/her 457 deferred compensation account or it may be paid out in the first paycheck in December.

Appears in 1 contract

Samples: Collective Bargaining Agreement

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