Lump Sum Payment Upon Termination. As provided in 2-18-617(2), MCA, “An employee who terminates his/her employment for reason not reflecting discredit on himself/herself shall be entitled upon the date of such termination to cash compensation for unused vacation leave, assuming that the employee has worked the qualifying periods set forth in 2-18-611, MCA.” An employee retiring or terminating who is in qualified status and who has accumulated vacation leave shall receive current gross hourly salary for each hour of accumulated vacation leave. The value of unused vacation leave is computed based upon the employee’s salary rate (hourly wage) at the time of termination. The Employer shall not pay accumulated leaves to employees who have not worked the qualifying period.
Appears in 4 contracts
Samples: Collective Bargaining Agreement, Collective Bargaining Agreement, Collective Bargaining Agreement
