Common use of Payment for Vacation Leave at Termination Clause in Contracts

Payment for Vacation Leave at Termination. Upon termination of employment, regular permanent employees shall receive pay in lieu of unused vacation based on the maximum accrual and other limitations stated in this Article.

Payment for Vacation Leave at Termination. Upon termination of employmenttermination, regular permanent employees shall receive pay in lieu of unused vacation based on the maximum accrual and other limitations stated above and as further limited by this Section. Employees shall receive, upon termination, pay in this Articlelieu of unused vacation up to the limits as prescribed above. However, at their option, such employees may elect to take paid service time in lieu of termination pay. Employees who terminate active employment before completing six (6) months of employment shall receive no vacation pay. Pay for unused vacation leave shall be computed through the last day of employment.