Common use of Accrued Vacation Pay Clause in Contracts

Accrued Vacation Pay. If a full-year employee who has completed his/her probationary period is discharged or otherwise has his/her employment terminated by the College or if he/she retires or quits his/her employment with at least two (2) weeks’ advance notice to the College, he/she shall receive (i) any vacation pay which accrued to his/her credit on the last eligibility date and which he/she has not previously received and (ii) vacation pay in recognition of his/her employment during the period since the last eligibility date, computed for such period as if the date of his/her termination were an eligibility date and otherwise as provided in Sections 10.1 and 10.3. If an academic-year employee who has completed his/her probationary period is discharged or otherwise has his/her employment terminated by the College or if he/she retires or quits his/her employment with at least two (2) weeks’ advance notice to the College, he/she shall receive vacation pay in recognition of his/her employment during the current academic year, computed as provided in Sections 10.2 and 103 (less any vacation pay already received by him/her in such academic year); provided, however, that any academic-year employee who fails to remain at work, after reasonable advance notice, for not longer than two (2) weeks after Commencement if required by the College shall forfeit any vacation pay which would otherwise have been paid to him/her at the end of the academic year in June.

Appears in 4 contracts

Samples: 2019 College – Union Agreement, 2019 College – Union Agreement, 2019 College – Union Agreement

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