Common use of Leave to Employee’s Credit When Employment Terminates Clause in Contracts

Leave to Employee’s Credit When Employment Terminates. When an employee dies or terminates his or her employment, he or she or his or her estate shall be paid an amount equal to the product obtained by multiplying the number of days or earned but unused vacation, by the daily rate of pay applicable to the employee immediately before the employment is terminated.

Appears in 8 contracts

Samples: Letter of Agreement, Letter of Agreement, Letter of Agreement

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