Common use of Benefit on Termination Clause in Contracts

Benefit on Termination. On termination of employment, an employee shall be pro-rata compensated for all allowable accumulated and unused vacation leave pay, up to a maximum of twenty five (25) days, in any of the following circumstances: 1. If any employee retires in accordance with the retirement plan currently in effect. 2. If an employee resigns from employment and a minimum of two (2) weeks advance notice is given. 3. If an employee is laid off and requests payment of vacation pay, provided, however, that such vacation pay shall be designated to the period of the layoff.

Benefit on Termination. On termination of employment, an employee shall be pro-rata compensated for all allowable accumulated and unused vacation leave pay, up to a maximum of twenty five thirty (2530) days, in any of the following circumstances: 1. If any employee retires in accordance with the retirement plan currently in effect. 2. If No pro rata benefit shall be given to an employee resigns from employment and a minimum of two (2) weeks advance notice is given. 3. If an employee is laid off and requests payment of vacation pay, provided, however, that such vacation pay shall be designated to for the period of time from the layoffpreceding January 1 determination date to the date of his or her termination unless the employee has completed five (5) or more years of service with the Employer and his or her termination is other than for cause. The combination of pro rata vacation pay benefits and unused and accumulated vacation pay benefits shall in no event exceed thirty (30) days.

Benefit on Termination. On termination of employment, an employee shall be pro-rata compensated for all allowable accumulated and unused vacation leave pay, up to a maximum of twenty five (25) days, in any of the following circumstances: 1. If any an employee retires in accordance with the retirement plan currently in effect. 2. If an employee resigns from employment and a minimum of two (2) weeks advance notice is given. 3. If an employee is laid off and requests payment of vacation pay, provided, however, that such vacation pay shall be designated to the period of the layoff.