Common use of VACATION SELLBACK Clause in Contracts

VACATION SELLBACK. Employees may receive equivalent cash payment for up to 5 vacation days per fiscal year. Employees accruing at least 20 days of vacation may receive equivalent cash payment for up to 10 days per fiscal year. This benefit shall be prorated for part-time employees based on the proportion of the normal 40 hour workweek for which the employee is regularly scheduled to work. In lieu of, or in addition to the foregoing, an employee may use accrued vacation leave to be credited against his/her transition pay obligation to the County. Vacation sellback under this section is in addition to the amount of sellback that can be used to purchase County-sponsored Disability Insurance under Section 29. Requests for vacation sellback are irrevocable.

Appears in 3 contracts

Samples: Sideletters of Agreement, www.acgov.org, www.acgov.org

AutoNDA by SimpleDocs

VACATION SELLBACK. Employees Effective July 1, 2001, employees may receive equivalent cash payment for up to 5 vacation days per fiscal year. Employees Effective July 1, 2002, employees accruing at least 20 days of vacation may receive equivalent cash payment for up to 10 days per fiscal year. This benefit shall be prorated for part-time employees based on the proportion of the normal 40 hour workweek for which the employee is regularly scheduled to work. In lieu of, or in addition to the foregoing, an employee may use have accrued vacation leave to be credited against his/her transition pay obligation to the County. Vacation sellback under this section is in addition to the amount of sellback that can be used to purchase County-sponsored Disability Insurance Plans under Section 29. 31.A. Requests for vacation sellback are irrevocable.

Appears in 2 contracts

Samples: Sideletters of Agreement, Sideletters of Agreement

VACATION SELLBACK. Employees may receive equivalent cash payment for up to 5 vacation days per fiscal year. Employees accruing at least 20 days of vacation may receive equivalent cash payment for up to 10 days per fiscal year. This benefit shall be prorated for part-time employees based on the proportion of the normal 40 hour workweek for which the employee is regularly scheduled to work. In lieu of, or in addition to the foregoing, an employee may use accrued vacation leave to be credited against his/her transition pay obligation to the County. Vacation sellback under this section is in addition to the amount of sellback that can be used to purchase County-sponsored Disability Insurance Plans under Section 29. Requests for vacation sellback are irrevocable.

Appears in 1 contract

Samples: acgov.org

VACATION SELLBACK. Employees may receive equivalent cash payment for up to 5 vacation days per fiscal year. Employees accruing at least 20 days of vacation may receive equivalent cash payment for up to 10 days per fiscal year. This benefit shall be prorated for part-time employees based on the proportion of the normal 40 hour workweek for which the employee is regularly scheduled to work. In lieu of, or in addition to the foregoing, an employee may use have accrued vacation leave to be credited against his/her transition pay obligation to the County. Vacation sellback under this section is in addition to the amount of sellback that can be used to purchase County-sponsored Disability Insurance Plans under Section 29. 31.A. Requests for vacation sellback are irrevocable.

Appears in 1 contract

Samples: Sideletters of Agreement

AutoNDA by SimpleDocs

VACATION SELLBACK. Employees Effective July 1, 2001, employees may receive equivalent cash payment for up to 5 vacation days per fiscal year. Employees Effective July 1, 2002, employees accruing at least 20 days of vacation may receive equivalent cash payment for up to 10 days per fiscal year. This benefit shall be prorated for part-time employees based on the proportion of the normal 40 hour workweek for which the employee is regularly scheduled to work. In lieu of, or in addition to the foregoing, an employee may use accrued vacation leave to be credited against his/her transition pay obligation to the County. Vacation sellback under this section is in addition to the amount of sellback that can be used to purchase County-sponsored Disability Insurance under Section 29. Requests for vacation sellback are irrevocable.

Appears in 1 contract

Samples: www.acgov.org

Time is Money Join Law Insider Premium to draft better contracts faster.