Leave When Employment Terminates. When an employee dies or otherwise ceases to be employed, he or she or his or her estate shall be paid an amount equal to the product obtained by multiplying the number of hours of earned but unused vacation leave with pay to his or her credit by the hourly rate of pay of his or her substantive position on the date of the termination of his or her employment, except that the Company shall grant the employee any vacation leave earned but not used by him or her before the employment is terminated by lay-off if the employee so requests because of a requirement to meet minimum continuous employment requirements for severance pay.
Appears in 9 contracts
Samples: Collective Agreement, Collective Agreement, Collective Agreement
