Vacation Buy Back. Employees shall have the option of requesting pay in lieu of time off up to a maximum of 144 hours of vacation time each year, during each year of the contract in increments of eight (8) hrs. Such requests are subject to the approval of the department head and the availability of funds.
Vacation Buy Back. When necessary due to service requirements, such as those outlined in Article VI, Hours of Work, Section 9., Assigned Overtime, paragraphs a. and b., Management may offer an employee with at least fifteen (15) years of service the opportunity to sell his/her vacation back to the Company as follows:
Vacation Buy Back. A. Employees may elect payment of up to one-third (1/3) of their annual vacation accrual, subject to the following conditions: (1) the choice can be made only once in each calendar year; (2) payment is based on an hourly rate determined by dividing the employee’s monthly salary by 173.33; and (3) the maximum number of vacation hours that may be paid in any calendar year is one-third (1/3) of the annual accrual.
Vacation Buy Back. A. Upon written request and subject to the following conditions, Employees may be paid for earned but unused vacation not to exceed a maximum request of eighty (80) hours;
Vacation Buy Back. Employees may turn in for pay, up to, (2) two days of vacation days per calendar year. Pay shall be the employee’s regular rate. Employees wishing to utilize the vacation buy back must notify the administration in writing when vacation schedule is completed. Once turned in these days will be considered “banked”. Employees must fill out a request for vacation day pay when the employee wishes to cash in the vacation days. Requests must be in by November 30th of the current year.
Vacation Buy Back. Upon written request by the employee, City will buy back vacation hours provided the employee has taken forty (40) hours of vacation during the twelve (12) months prior to the date of request. The written request for vacation buy-back must be submitted to the Finance Department by the tenth (10th) day of the month to be paid on the twenty third (23rd) paycheck and by the twenty-fifth (25th) day of the month to be paid on the seventh (7th) paycheck. Only hours which have been accrued prior to the request are eligible for buy-back. Requests for vacation buy-back shall be limited to two (2) requests per employee per fiscal year.
Vacation Buy Back. Employees may buy back vacation hours provided they use the same or more vacation hours as the amount of cashed-out leave during that same fiscal year. If an employee buys back more vacation hours than are used in a fiscal year, an amount equal to the overage will be deducted, without compensation, from the employee’s vacation leave bank. • Employees with at least 10 years of service may buy back up to 1 week of vacation leave per fiscal year. • Employees with at least 15 years of service are eligible to buy back up to 2 weeks of vacation leave per fiscal year. • Employees with at least 20 years of service are eligible to buy back up to 3 weeks of vacation per fiscal year. Vacation buy-back requests shall be processed with regular month-end payroll. Employees shall submit a vacation buy-back intent to their Department Director for the following fiscal year by November 1 of each year. If the employee does not submit their request by November 1, the Department Director may grant the request if funds are available to accommodate the vacation buy-back request.
Vacation Buy Back. Vacation Buy Back can be requested by an employee up to a maximum of eighty (80) hours of unused vacation per fiscal year. To be eligible to sell back accumulated vacation time, an employee must meet the following qualifications: During the twelve (12) months immediately preceding the date of Vacation Buy Back, actually utilized at least forty (40) hours of vacation time; and Have a minimum balance of forty (40) hours of accumulated vacation remaining after the Vacation Buy Back. Vacation Buy Back can be requested at any time during the fiscal year, and must be approved by the City Manager. Vacation Buy Back shall be at the current rate of pay at the time of the payment.
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. Effective December 31, 2006, and each December 31st thereafter, employees may convert up to eighty (80) hours of unused vacation benefit at their then (December 31) hourly rate of pay into cash, provided that they have utilized at least eighty (80) hours of vacation benefits, forty (40) hours of which have been taken consecutively, in the calendar year ending on said December 31, and have remaining after such conversion at least eighty (80) hours of unused vacation benefits.
