Common use of VACATION SELLBACK Clause in Contracts

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. 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 section 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 SupervisorsJuly 1, 2018, 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.