Leaves of Absence and Transfers Prior to Vacation Sample Clauses

Leaves of Absence and Transfers Prior to Vacation a. An employee who goes on a leave of absence or is transferred to some other associated company before receiving the accrued vacation to which such employee has become entitled shall, at the employee’s election, prior to the time of leaving be given such accrued vacation. If an employee does not elect to take such accrued vacation prior to going on a leave of absence and does not return to work and is not transferred to some other associated company within the vacation year, the employee shall, upon written application to the Company within the vacation year, be entitled to receive an allowance in cash equal to and in lieu of the accrued vacation to which he or she was entitled at the time of leaving.