Common use of Vacation Buy Back Clause in Contracts

Vacation Buy Back. Each employee may request during any pay period and receive payment at the base hourly rate for up to eighty (80) hours per calendar year of accrued vacation leave, provided there is a minimum remaining balance of eighty (80) hours following payment. Effective March 3, 2003, all buy-backs will be subject to an eighty (80) hour maximum in a twelve- month period.

Vacation Buy Back. Each employee in this bargaining unit may request during any pay period and receive payment at the base hourly rate for up to eighty (80) hours per calendar year of accrued vacation leave, provided there is a minimum remaining balance total of eighty (80) hours following paymentof accrued vacation within a calendar year. Such request shall be made during any biweekly pay period. Effective March 3, 2003with the first pay date in January 2001, all buy-buy backs will be subject to an eighty (80) hour maximum in a twelve- month twelvemonth period.

Vacation Buy Back. Each employee may request during any pay period and to receive vacation buyback payment at the their base hourly rate for up to eighty (80) hours per calendar year of accrued vacation leave, provided there is a minimum remaining balance rate. A maximum of eighty (80) hours following payment. Effective March 3, 2003, all buy-backs will may be subject to an eighty (80) hour maximum purchased in a twelve- (twelve) 12-month period, and a minimum of (eighty) 80 hours must remain in the employee’s accrued balance after purchase.