Common use of Accrued Vacation Upon Retirement Clause in Contracts

Accrued Vacation Upon Retirement. An employee who voluntarily retires with reasonable notice shall be paid for vacation credit earned in the previous year, but not yet taken, and for vacation credit earned in the present year. In addition, if the employee notifies, in writing, the Chief of the Division of Fire of his intent to retire during the forthcoming year and the date of his retirement, on or before December 31 of the calendar year preceding the date of his retirement, the employee shall be paid for vacation credit earned in the previous year (second full year prior to the year of retirement), but not yet taken. The employee shall notify, in writing, the Chief of the Division of Fire of their intent to retire and date of anticipated retirement no less than six months prior to the date of anticipated retirement. If the employee fails to retire on the date provided to the Chief of the Division of Fire, all vacation credit from the second full year prior to the year of retirement shall be forfeited, unless:

Appears in 4 contracts

Samples: dam.assets.ohio.gov, serb.ohio.gov, serb.ohio.gov

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