Common use of Buy Back Clause in Contracts

Buy Back. Upon using one-half of general leave credits accrued during the preceding 12-month period from December 1 through November 30, an employee may request to receive pay for up to sixty-four (64) hours of general leave credits at the current hourly salary rate, according to the following schedule: Years of Service Hours 1 - 5 40 11 - 15 56 16 + 64

Buy Back. Upon using one-half of general leave credits accrued during the preceding 12-month period from December 1 through beginning on the first day of the first full pay period in November 30, an employee may request to receive pay for up to sixty-four (64) hours of general leave credits at the current hourly salary rate, according to the following schedule: Years of Completed Service Hours 1 - Up to 4 40 5 40 11 - thru 9 48 10 thru 14 56 15 56 16 + or more 64

Buy Back. Upon using one-half of general leave credits accrued during the preceding 12-month period from December 1 through November 30beginning on the first day of the first full pay period in November, an employee may request to receive pay for up to sixty-four (64) hours of general leave credits at the current hourly salary rate, according to the following schedule: Years of Completed Service Hours 1 - Up to 4 40 5 40 11 - thru 9 48 10 thru 14 56 15 56 16 + or more 64

Buy Back. Upon using one-one half of general leave General Leave credits accrued during the preceding 12-12 month period from December 1 through November 30beginning on the first day of the first full pay period in November, an employee may request to receive pay for up to sixty-sixty four (64) hours of general leave General Leave credits at the current hourly salary rate, according to the following schedule: Years of Completed Service Hours 1 - 5 0-4 40 11 - 15 56 16 + >4-9 48 >14 64

Buy Back. Upon using one-half of general leave credits accrued during the preceding 12-month period from December 1 through November 30, an employee may request to receive pay for up to sixty-four (64) hours of general leave credits at the current hourly salary rate, according to the following schedule: Years of Service Hours 1 6 - 5 40 10 48 11 - 15 56 16 + 64