Discretionary Vacation Buy Back Sample Clauses

Discretionary Vacation Buy Back. (A) The Company may, in its sole discretion, offer to buy back full or partial vacation weeks, or both, prior to the vacation bid for the next vacation year in accordance with each Flight Attendant’s standing vacation sell-back election. The Company will maintain a standing election system to facilitate the vacation sell-back. A standing election (or change thereto or revocation thereof) will not be considered effective as to vacation days accrued prior to the first day of the first vacation year that follows the calendar year in which the standing election is submitted. Once it becomes effective, a standing election will remain in effect as to all vacation days accrued prior to the effective date of any modified election or revocation. (B) A Flight Attendant will receive her daily rate for each day of vacation sold to the Company. The payment will occur within two payroll periods after the start of the vacation (C) A Flight Attendant who sells back vacation in accordance with the provisions of subsection 8.12(A) will bid the number of vacation days she would have bid in the absence of the sell-back, less the number of days sold back. (D) This provision will have no application to supplemental vacation earned in accordance with the provisions of Section 8.2(B). 8.12(E) Vacation buy back will not be permitted if any Flight Attendant is on furlough on the date vacation bids are posted pursuant to subsection 8.6, or if the Company has sent a notice of a furlough in accordance with Section 7 in the fourteen (14) days prior to the date vacation bids are posted pursuant to subsection 8.6.