Common use of Vacation Sell-Back Program Clause in Contracts

Vacation Sell-Back Program. In November of each year, an eligible employee may sell back up to 120 hours of their vacation for ⅔ of its value if the employee has more than 80 hours in their vacation bank. After the sell- back process is completed, the eligible employee must have a minimum balance of 80 hours in their vacation bank after November 30th. 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.

Vacation Sell-Back Program. In November of each year, an eligible employee may sell back up to 120 hours of their his/her vacation for ⅔ of its value if the employee he/she has more than 80 hours in their his/her vacation bank. After the sell- sell-back process is completed, the eligible employee must have a minimum balance of 80 hours in their his/her vacation bank after November 30th. 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.

Vacation Sell-Back Program. In November of each year, an eligible employee may sell back up to 120 hours of their vacation for ⅔ of its value if the employee has more than 80 hours in their vacation bank. After the sell- back process is completed, the eligible employee must have a minimum balance of 80 hours in their vacation bank after November 30th. 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.

Vacation Sell-Back Program. In November October of each year, an eligible employee may sell back up to 120 hours of their the employee vacation for ⅔ of its value if the employee has more than 80 hours in their the employee vacation bank. After the sell- sell-back process is completed, the eligible employee must have a minimum balance of 80 hours in their the employee vacation bank after November 30th. This sell-back amount will be paid on the first pay date in Decemberbank. 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.

Vacation Sell-Back Program. In November October of each year, an eligible employee may sell back up to 120 hours of their his/her vacation for ⅔ of its value if the employee he/she has more than 80 hours in their his/her vacation bank. After the sell- sell-back process is completed, the eligible employee must have a minimum balance of 80 hours in their his/her vacation bank after November 30th. This sell-back amount will be paid on the first pay date in Decemberbank. The employee can elect for the payment to be made to the employee his/her 457 deferred compensation account or it may be paid out in the first paycheck in December.