VACATION SELLBACK Sample Clauses

VACATION SELLBACK. An employee may elect to covert for payment in cash a maximum of half of his/her annual vacation accrual, computed at the employee’s current salary rate, provided that the employee takes off two weeks of vacation and/or compensatory time in the calendar year the vacation sellback takes place. The vacation sellback shall only be in effect provided that two weeks of vacation accrual remain on the books after the vacation sellback takes place.
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VACATION SELLBACK. Employees may receive equivalent cash payment for up to 5 vacation days per fiscal year. Employees accruing at least 20 days of vacation may receive equivalent cash payment for up to 10 days per fiscal year. This benefit shall be prorated for part-time employees based on the proportion of the normal 40 hour workweek for which the employee is regularly scheduled to work. In lieu of, or in addition to the foregoing, an employee may use accrued vacation leave to be credited against his/her transition pay obligation to the County. Vacation sellback under this section is in addition to the amount of sellback that can be used to purchase County-sponsored Disability Insurance under Section 29. Requests for vacation sellback are irrevocable.
VACATION SELLBACK. Employees may receive equivalent cash payment for up to five (5) vacation days per fiscal year. Employees accruing at least twenty (20) days of vacation may receive equivalent cash payment for up to ten (10) days per fiscal year. This benefit shall be prorated for part-time employees based on the proportion of the normal forty (40) hour workweek for which the employee is regularly scheduled to work. In lieu of, or in addition to the foregoing, an employee may use accrued vacation leave to be credited against his/her transition pay obligation to the County. Vacation sellback under this subsection is in addition to the amount of sellback that can be used to purchase County-sponsored Disability Insurance Plans under Section 29. Requests for vacation sellback are irrevocable. Effective two (2) pay periods following adoption of the MOU by the Board of Supervisors, through the remaining term of this MOU, employees accruing twenty-five (25) days of vacation may receive equivalent cash payment for up to fifteen (15) days per fiscal year.
VACATION SELLBACK. A Deputy Sheriff or Sergeant may receive the equivalent cash payment of up to 80 hours per fiscal year. Vacation sellback may be received in a minimum of eight (8) hour increments per pay period up to the maximum of 80 hours. This benefit shall be prorated for part- time employees in the normal work week for which the employee is normally scheduled to work. In lieu of, or in addition to the foregoing, an employee may have accrued vacation leave credited against his/her transition pay obligation to the County. Requests for vacation sellback are irrevocable.
VACATION SELLBACK. Full-time employees represented by Alameda County Building and Construction Trades Council may sell up to five (5) days (prorated for part-time employees) to be used solely for the purchase of Disability Insurance. Employees may receive equivalent cash payment for up to five (5) vacation days per fiscal year and employees accruing at least twenty (20) days of vacation may receive equivalent cash payment for up to ten (10) days per fiscal year. This benefit shall be prorated for part- time employees based on the proportion of the normal forty (40)-hour workweek for which the employee is regularly scheduled to work. In lieu of, or in addition to the foregoing, an employee may have accrued vacation leave credited against his/her transition pay obligation to the County. Vacation sellback under this Section is in addition to the amount of sellback that can be used to purchase Disability Insurance under Section 29. Requests for vacation sellback are irrevocable.
VACATION SELLBACK. Employees may elect pay in lieu of vacation up to a maximum of forty (40) hours per calendar year. Vacation sellback is subject to the following requirements and procedures: 1. The opportunity to cash out vacation shall be offered twice per year in the months of June and November. Requests must be submitted by May 1st and November 1st on forms designated by the Human Resources Department. Exceptions to this timeframe will be considered only in the event of an emergency and will be permitted only as approved by the City Manager, or designee. 2. To be eligible to sell back vacation, an employee must have used a total of eighty (80) hours vacation and floating holiday in the prior calendar year. The total of vacation sold may not exceed the maximum hours limitation but may be apportioned according to the employee's choice between the May and November sales periods. 3. The vacation sellback option is subject to availability of adequate department budget funds. Vacation sales may be restricted or suspended by the Employer. In the event vacation sales requests exceed available funds, the Human Resources Department shall develop procedures to equitably apportion vacation sales among employees with pending requests.
VACATION SELLBACK. Effective July 1, 2001, employees may receive equivalent cash payment for up to 5 vacation days per fiscal year. Effective July 1, 2002, employees accruing at least 20 days of vacation may receive equivalent cash payment for up to 10 days per fiscal year. This benefit shall be prorated for part-time employees based on the proportion of the normal 40 hour workweek for which the employee is regularly scheduled to work. In lieu of, or in addition to the foregoing, an employee may have accrued vacation leave credited against his/her transition pay obligation to the County. Vacation sellback under this section is in addition to the amount of sellback that can be used to purchase Long-Term Disability Insurance under Section 31.A. Requests for vacation sellback are irrevocable.
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VACATION SELLBACK. Effective December 23, 2012 (the first pay period of payroll calendar year 2013), the Vacation Sellback program will be eliminated and no employee will be eligible to sellback any accrued vacation hours.
VACATION SELLBACK. A. Full-time and part-time employees in Unit 18 may sell up to 5 vacation days (prorated for part-time employees) to be used for the purchase of County-sponsored Disability Insurance Plans.
VACATION SELLBACK. All employees in this unit are eligible, once annually in December, to request payment for up to 80 hours of unused vacation leave provided that an employee's overall performance and attendance practices are satisfactory. Payment for unused vacation leave is subject to the availability of budgeted funds.
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