Annual. The Town shall buy back from each employee unused Earned Time days accrued in excess of each employee’s applicable maximum accrual at the rate of one (1) for one (1). Annual buy backs shall be paid no later than the third Thursday in January of each year based on the prior year’s activity and shall be exclusive of minimum usage.
Appears in 6 contracts
Annual. The Town shall buy back from each employee unused Earned Time days accrued in excess of each employee’s applicable maximum accrual at the rate of one (1) for one (1). Annual buy backs shall be paid no later than the third Thursday in January of each year based on the prior year’s activity and shall be exclusive of minimum usage.
Appears in 1 contract
Samples: Agreement
