Common use of Pay for Unused Vacation Upon Separation Clause in Contracts

Pay for Unused Vacation Upon Separation. Any employee who is separated from the service (resignation, death, retirement, or discharge) shall be compensated in cash for all accrued but unused vacation time accumulated, at the regular straight-time hourly rate of pay at the time of separation; except that vacation leave accumulated and carried over from a prior year will be compensated in cash based on the employee's straight-time hourly rate in the prior year.

Appears in 3 contracts

Samples: Collective Bargaining Agreement, Collective Bargaining Agreement, Collective Bargaining Agreement

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Pay for Unused Vacation Upon Separation. Any An employee who resigns with a minimum of two (2) weeks advance notice, is separated from the service (resignationdischarged, death, retirementretires, or discharge) dies shall be compensated in cash for all accrued but unused vacation time accumulated, at the regular straight-time hourly rate of pay at the time of separationtime; except that vacation leave accumulated and carried over from a prior year will be compensated in cash based on the employee's straight-time hourly rate in the prior year.

Appears in 3 contracts

Samples: Agreement, Collective Bargaining Agreement, Agreement

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Pay for Unused Vacation Upon Separation. Any covered employee who is separated from the service employment (resignation, death, retirement, or discharge) shall be compensated in cash at the next scheduled pay period, for all accrued but unused vacation time accumulated, at the his regular straight-time hourly rate of pay at the time of separation; except that . In addition, separated employees who have completed one (l) or more years of continuous service shall receive the following additional pro rata vacation leave accumulated and carried over from a prior year will be compensated in cash benefit based on the employee's straight-time hourly rate in the prior year.following formulae:

Appears in 1 contract

Samples: Agreement

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