Sell back definition

Sell back the holiday to the employer in return for the grant of compensatory time at a rate of one and one-half (1 ½) hours of compensatory time for each hour of the normal work day; or
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Sell back. Any unit member will have the opportunity to sell-back Personal Leave on September 30th of each year as long as he/she meets one of the following criteria: (1) Personal Leave bank equals 672 hours for 56 hour members (520 hours for 40 hour members) may sell back up to 15% of the total hours at straight time, or (2) Personal Leave bank for 56 hour members equal 600 hours (470 hours for 40 hour members) may sell-back up to 10% of total hours at straight time. Any other Personal Leave earned in excess of the hours indicated in this article which is not taken before September 30th or paid out as a part of the sell-back formula will be forfeited as of October 1st. All sell-back hours will be paid during the first pay period in November. Payment for earned unused Personal Leave, other than at layoff, termination or under the sell back provisions in this article will be granted only under extraordinary circumstances and only with the approval of the City Manager or his/her designee. Such approval will only be granted if there is a documented severe financial hardship. The employee requesting payment must submit the request in writing along with sufficient supporting information to document the hardship. The employee must have enough accrued Personal Leave to leave a minimum of one (1) week in his or her accrual. The request cannot exceed 120 hours for 40 hour employees or 168 hours for 56 hour employees. No more than one request will be approved for any 24-month period. City of Winter Park, Florida - FY2023-2025 IAFF Union Contract Page - 57
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Sell back. Any unit member will have the opportunity to sell-back Personal Leave on September 30th of each year as long as he/she meets one of the following criteria: (1) Personal Leave bank equals 672 hours for 56 hour members (520 hours for 40 hour members) may sell back up to 15% of the total hours at straight time, or (2) Personal Leave bank for 56 hour members equal 600 hours (470 hours for 40 hour members) may sell-back up to 10% of total hours at straight time. Any other Personal Leave earned in excess of the hours indicated in this article which is not taken before September 30th or paid out as a part of the sell-back formula will be forfeited as of October 1st. All sell-back hours will be paid during the first pay period in November. Payment for earned unused Personal Leave, other than at layoff, termination or under the sell back provisions in this article will be granted only under extraordinary circumstances and only with the approval of the City Manager or his/her designee. Such approval will only be granted if there is a documented severe financial hardship. The employee requesting payment must submit the request in writing along with sufficient supporting information to document the hardship. The employee must have enough accrued Personal Leave to leave a minimum of one (1) week in his or her accrual. The request cannot exceed 120 hours for 40 hour employees or 168 hours for 56 hour employees. No more than one request will be approved for any 24-month period. DocuSign Envelope ID: 08DA94A4-1790-4A24-BC03-F7DF2595080A Employees will be paid at straight time to a maximum of 728 hours for 56-hour unit members and 520 hours for 40-hour unit members for all unused but earned Personal Leave upon layoff or termination from the employment of the City, except that an employee who resigns must give two weeks’ written notice of resignation prior to his last day of work in order to receive such payment and will forfeit such payment by failure to meet this condition. In the event of death of an employee with earned but unused Personal Leave, payment for such earned hours shall be made at straight time to the employee’s beneficiary, personal representative or estate or as provided by the law of Florida.
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Examples of Sell back in a sentence

  • Sell back on a monthly basis at one hundred percent (100%) at fifteen (15) hours/month.

  • Sell back vacation time can be up to five (5) days for each week taken.

  • Sell back hours will be paid on a regular payroll (non-overtime payroll) in December of that year.

  • Sell back requests must be in writing and submitted in a timely fashion to the manager.

  • Sell back requests must be done in employee self service during the prescribed timeline.

  • Sell back of additional days may be granted by the Borough based upon the Borough's ability to pay as Certified by the Chief Financial Officer.

  • Sell back may only take place if four hundred eighty (480) hours remain after the sell back takes place.

  • Sell back requests must be received by Payroll no later than December 31 for the following calendar year’s elections.

  • Sell back hours may not reduce the sick bank below the four hundred eighty (480) hour minimum.

  • Sell back request shall be sent to the Human Resources Department in writing by email every year between October 1st and November 15th.

Related to Sell back

  • Substance abuse treatment means outpatient or inpatient services or participation in alcoholics anonymous or a similar program.

  • RDDS test Means one query sent to a particular “IP address” of one of the servers of one of the RDDS services. Queries shall be about existing objects in the Registry System and the responses must contain the corresponding information otherwise the query will be considered unanswered. Queries with an RTT 5 times higher than the corresponding SLR will be considered as unanswered. The possible results to an RDDS test are: a number in milliseconds corresponding to the RTT or undefined/unanswered.

  • Contract Amount means:

  • Categorical pretreatment standard means any national pretreatment standard specifying quantities or concentrations of pollutants or pollutant properties which may be discharged to a POTW by existing or new industrial users in specific industrial subcategories, promulgated by the administrator in accordance with section 307 of the act and established under 40 C.F.R. chapter I, subchapter N.

  • Pretreatment requirements means any substantive or procedural requirement related to pretreatment, other than a pretreatment standard, imposed on an industrial user.