Pay for Earned Vacation Sample Clauses

The "Pay for Earned Vacation" clause ensures that employees receive compensation for any accrued but unused vacation time upon termination of employment. Typically, this clause outlines how vacation days are calculated, whether based on a set accrual rate or a pro-rata basis, and specifies the timing and method of payment. Its core function is to protect employees' rights to earned benefits and to provide clarity for both parties regarding final compensation, thereby preventing disputes over unused vacation pay.
Pay for Earned Vacation. Employees earn vacation pay at the range and step of straight-time pay for the position to which the employee is regularly assigned at the time the vacation is commenced.
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Pay for Earned Vacation. If an Employee retires or resigns, he/she will receive pay for any unused vacation including that accumulated in the current year, provided the Employee gives the Board two (2) weeks' notice.
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Pay for Earned Vacation. 9.17.3.1 Employees earn vacation pay at the range and step of straight-time pay for the position to which the employee is regularly assigned. 9.17.3.2 Nine-, ten-, and eleven-month employees will have the option of receiving a lump-sum payment for accrued vacation days outstanding at the end of the employee’s work year or use earned vacation days during the work year in which the vacation is earned. The selection of whether to be lump-sum paid at the end of the work year or to take earned vacation shall be made prior to July 1 of the fiscal year in which the pay or vacation time will be applicable. Such selection shall be made by the employee on the District form provided for this purpose. 9.17.3.3 Each employee shall have the right to take vacation provided it does not interfere with the efficient operation of the District. The supervisor is responsible for scheduling vacations. 9.17.3.4 Employees may not be paid vacation pay for days they are not scheduled to work. 9.17.3.5 Upon separation from service and after six (6) months of employment or more, an employee shall be entitled to lump-sum compensation for all earned and unused vacation. Employees who separate from service at the age of fifty-five (55) or older will have their earned and unused vacation paid into a Special Pay Plan as an employer contribution to a 403(b). Employees may withdraw these funds from the 403(b) plan immediately without incurring excise tax penalties. If payment to the Special Pay Plan exceeds the maximum annual limit, the employee shall be entitled to lump-sum compensation for the remaining balance.
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Pay for Earned Vacation. 8.17.2.1 Unit members earn vacation pay at the range and step of the pay rate for the position to which the unit member is regularly assigned at the time the vacation is commenced. 8.17.2.2 Upon separation from service (after six (6) months of employment or more), the unit member shall be entitled to lump-sum compensation for all earned and unused vacation. 8.17.2.2.1 Payment for accrued vacation days upon retirement or resignation shall not exceed sixty (60) days plus the maximum number of days that may be earned from September 1, to the month of retirement/resignation. 8.17.2.2.2 Unit members who are age 55 or older in the year of separation from service shall automatically become a participant in the vacation 403(b) Special Pay Plan. The unit member’s vacation payout shall be deposited into the Special Pay Plan at time of separation. If the payment exceeds the maximum annual IRC Section 415 limit, reduced by the unit member’s personal IRC Section 402(g) limit, the excess will be paid in cash to the unit member.
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Pay for Earned Vacation. 9.17.3.1 Employees earn vacation pay at the range and step of straight-time pay for the position to which the employee is regularly assigned. 9.17.3.2 Nine-, ten-, and eleven-month employees will have the option of receiving a lump-sum payment for accrued vacation days outstanding at the end of the employee’s work year or use earned vacation days during the work year in which the vacation is earned. The selection of whether to be lump-sum paid at the end of the work year or to take earned vacation shall be made prior to July 1 of the fiscal year in which the pay or vacation time will be applicable. Such selection shall be made by the employee on the District form provided for this purpose. 9.17.3.3 Each employee shall have the right to take vacation provided it does not interfere with the efficient operation of the District. The supervisor is responsible for scheduling vacations. 9.17.3.4 Upon separation from service and after six (6) months of employment or more, an employee shall be entitled to lump-sum compensation for all earned and unused vacation. 9.17.3.5 Employees may not be paid vacation pay for days they are not scheduled to work.
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Pay for Earned Vacation. 1. If an employee is laid off, retires, or terminates employment for any purpose, they will receive pay for any unused vacation credit including that accrued in the current calendar year. 2. Each employee will be paid the current wage rate while on vacation. 3. The employee’s beneficiary shall receive the pay for the employee’s accumulated vacation credit that accrued during the current working year as if the employee retired on the date of death.
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Pay for Earned Vacation. 11.2.1 Employees earn vacation pay at the range and step of straight time pay for the position to which the employee is regularly assigned at the time the vacation is commenced, including shift differential, professional growth credits, and longevity steps. 11.2.2 Upon separation from service (after six [6] months of employment or more), the employee shall be entitled to lump-sum compensation for all earned and unused vacation. 11.2.3 Employees with accumulated vacation shall be allowed to cash out up to two (2) days each year. Employees desiring to cash out vacation may do so by providing written notification to the Payroll Department. Requests received by Payroll by October 1 will be reimbursed by November 30 and requests received by Payroll by May 1 will be reimbursed by June 30.
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Pay for Earned Vacation. 11.2.1 Employees earn vacation pay at the range and step of straight time pay for the position to which the employee is regularly assigned at the time the vacation is commenced, including shift differential, professional growth credits, and longevity steps. 11.2.2 Upon separation from service, the employee shall be entitled to lump-sum compensation for all earned and unused vacation. 11.2.3 Employees with accumulated vacation shall be allowed to cash out up to two (2) days each year. Employees desiring to cash out vacation may do so by providing written notification to the Payroll Department. Requests received by Payroll by October 1 will be reimbursed by November 30 and requests received by Payroll by May 1 will be reimbursed by June 30. 11.2.4 Twelve month employees are strongly encouraged to utilize their vacation during the school year. All reasonable attempts shall be made to accommodate the requests of employees scheduling vacation. If a twelve month employee is prohibited from utilizing his/her vacation during the school year (July 1 to June 30), any vacation days over and above the maximum accrual shall be paid to the employee after the end of the school year in which it was accrued and not taken.
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Pay for Earned Vacation. 8.11.3.1 Employees earn vacation pay at the range and step of straight-time pay for the position to which the employee is regularly assigned at the time the vacation is commenced. 8.11.3.2 Except as provided in Section 8.11.3.3, below, nine (9), ten (10), and eleven (11) month employees will be lump-sum paid, following the completion of the work year, for accrued vacation not used during the work year. 8.11.3.3 In those cases where an employee’s written request to carry over unused vacation to the following year is approved by the appropriate supervisor or District Superintendent/Principal, the accrual of vacation time shall be allowed. 8.11.3.4 Upon separation from service (after six (6) months of employment or more), the employee shall be entitled to lump-sum compensation for all earned and unused vacation.
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Related to Pay for Earned Vacation

  • Accrued Vacation It is further agreed by the parties hereto that, upon sale or transfer of ownership of any store or upon dissolution of business, vacation pay for all months worked for which no vacation pay has been given shall be immediately paid to all employees coming under this Agreement, regardless of length of time said employee has been with the Employer.

  • Accrued Salary and Vacation On the Separation Date, the Company will pay you all accrued salary and all accrued and unused vacation earned through the Separation Date, subject to standard payroll deductions and withholdings. You will receive these payments regardless of whether or not you sign this Agreement.

  • Paid Vacation Except as otherwise provided in this Article, paid vacation shall be granted no later than the fiscal year immediately following the fiscal year in which it is earned. Following the completion of six (6) months of service, the employee shall be entitled to use earned paid vacation.

  • Benefits; Vacation Employee shall be eligible to receive all benefits as are available to similarly situated employees of Employer generally, and any other benefits that Employer may, in its sole discretion, elect to grant to Employee from time to time. In addition, Employee shall be entitled to four (4) weeks paid vacation per year, which shall be pro-rated for the first partial year of employment and shall accrue in accordance with Employer’s policies applicable to similarly situated employees of Employer.

  • Vacation Earnings for Partial Years ‌ (a) During the first partial year of service a new employee will earn vacation at the rate of one and one-quarter days for each month for which they earn 10 days' pay. (b) During the first and subsequent vacation years an employee will earn one-twelfth of the annual entitlement for each month in which the employee has received at least 10 days' pay at straight-time rates. Where an employee has taken more vacation than earned, the unearned portion taken shall be charged against future earned credits or recovered upon termination whichever occurs first.