Common use of Vacation Sell Back Clause in Contracts

Vacation Sell Back. Employees may be eligible to sell back up to forty (40) vacation hours on or before December 31st annually. To be eligible to sell back vacation hours the employee must have used at least forty (40) hours of vacation time during the next calendar year. This election is irrevocable. To receive compensation in lieu of time off, the employee must submit a completed Request to Sell Vacation form to the Payroll Department on or before December 31st and this election would apply on January 1st of the following year.

Appears in 4 contracts

Samples: Agreement, Agreement, Agreement

AutoNDA by SimpleDocs

Vacation Sell Back. Employees may be eligible to sell back up to forty (40) vacation hours on or before December 31st annually. To be eligible to sell back vacation hours the employee must first have used at least forty (40) hours of vacation time during the next calendar year. This election is irrevocable. To receive compensation in lieu of time off, the employee must submit a completed Request to Sell Vacation form to the Payroll Department on or before December 31st and this election would apply on January 1st of the following year.

Appears in 2 contracts

Samples: Agreement, Agreement

Vacation Sell Back. Employees may be eligible to sell back up to forty (40) vacation hours on or before December 31st annually. To be eligible to sell back vacation hours the employee must have used at least forty (40) hours of vacation time during the next calendar yearyear before the date of the selected sellback date. This election is irrevocable. To receive compensation in lieu of time off, the employee must submit a completed Request to Sell Vacation form to the Payroll Department on or before December 31st and this election would apply on January 1st of the following year.

Appears in 1 contract

Samples: Agreement

AutoNDA by SimpleDocs

Vacation Sell Back. Employees may be eligible to sell back up to forty (40) vacation hours on or before December 31st annually. To be eligible to sell back vacation hours the employee must have used at least forty (40) hours of vacation time during the next calendar year. This election is irrevocable. To receive compensation in lieu of time off, the employee must submit a completed Request to Sell Vacation form to the Payroll Department on or before December 31st and this election would apply on January 1st of the following year. This election is irrevocable.

Appears in 1 contract

Samples: Agreement

Time is Money Join Law Insider Premium to draft better contracts faster.