Vacation Buy-Back plan

Eligibility Criteria: Specific criteria that determine which employees are eligible to participate in the vacation buy-back plan.
Buy-Back Rate: The rate at which vacation days are bought back, often based on the employee's regular pay rate.
Maximum Buy-Back: Limits on the number of vacation days that can be sold back within a given period.
Policy Communication: Clear communication of the buy-back policy and procedures to employees.

What is a Vacation Buy-Back Plan?

A program allowing employees to sell back unused vacation time for compensation. Vacation buy-back plans offer flexibility and financial benefits.

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