Common use of Buy Back Clause in Contracts

Buy Back. Upon using one-half of the general leave credits accrued during the defined eligibility period for the General Leave Conversion, an employee may receive pay at the current hourly salary rate for up to seventy-two (72) hours of general leave credits which have accrued during the calendar year of the General Leave Conversion. An employee may request General Leave Conversion, according to the following conversion schedule, based on years of service at the end of the eligibility period. Years of Service Hours Up to 4 40 5 through 9 48 10 through 14 56 15 through 19 64 20 or more 72 An employee’s General Leave Conversion to pay or sick leave, or a combination thereof, in any calendar year may not exceed the total hours for the applicable years of service in the schedule above.

Buy Back. Upon using one-half of the general leave credits accrued during the defined 12-month eligibility period for the General Leave Conversionfrom November 4, 2018, through November 2, 2019, , an employee may receive pay at the current hourly salary rate for up to seventysixty-two four (7264) hours of general leave credits which have accrued during the calendar year of the General Leave Conversion. An employee may request General Leave Conversionconversion, according to the following conversion schedule, based on years of service at the end of the eligibility period. : Years of Completed Service Hours Up to 4 40 5 through thru 9 48 10 through thru 14 56 15 through 19 64 20 or more 72 64 An employee’s General Leave Conversion to pay or sick leave, or a combination thereof, in any calendar year may not exceed the total hours for the applicable years of service in the schedule above.

Buy Back. Upon using one-half of the general leave credits accrued during the defined preceding 12-month eligibility period for the General Leave Conversionfrom November 4, 2018, through November 2, 2019, an employee may receive pay at the current hourly salary rate for up to seventysixty-two four (7264) hours of general leave credits which have accrued during the calendar year of the General Leave Conversion. An employee may request General Leave Conversionconversion, according to the following conversion schedule, based on years of service at the end of the eligibility period. : Years of Service Hours Up to 4 40 5 through 9 48 10 through 14 11 - 15 56 15 through 19 16 + 64 20 or more 72 An employee’s General Leave Conversion to pay or sick leave, or a combination thereof, in any calendar year may not exceed the total hours for the applicable years of service in the schedule above.

Buy Back. Upon using one-half of the general leave credits accrued during the defined eligibility period for the General Leave Conversion, an employee may receive pay at the current hourly salary rate for up to seventy-two (72) hours of general leave credits which have accrued during the calendar year of the General Leave Conversion. An employee may request General Leave Conversion, according to the following conversion schedule, based on years of service at the end of the eligibility period. Years of Service 1 through 4 Hours Up to 4 40 5 through 9 48 10 through 14 56 15 through 19 64 20 or more 72 An employee’s General Leave Conversion to pay or sick leave, or a combination thereof, in any calendar year may not exceed the total hours for the applicable years of service in the schedule above.