Common use of Sell Back Clause in Contracts

Sell Back. An employee may sell-back some or all of the employee’s accrued Flexible Leave balance anytime during the fiscal year in which it was provided. Flexible Leave sell-back is independent of and not subject to the limitations described on Vacation sell- back in Section 11.6. Should an employee not utilize Flexible Leave as time off during a fiscal year, or should an employee not sell-back his/her Flexible Leave during the fiscal year, the City shall cash-out each employee’s Flexible Leave balance at the end of each fiscal year. There shall be no carry-over of Flexible Leave hours from one fiscal year to the next, and no Flexible Leave balance shall be allowed to remain after the expiration of this Agreement: June 30, 2015.