Common use of Payment instead of unused leave Clause in Contracts

Payment instead of unused leave. If an employee’s employment ends, and the employee’s accumulated annual leave credit is not transferable, the employee is entitled to payment of an amount equal to the value of the credit based on the employee’s salary.

Payment instead of unused leave. If an employee’s employment ends, and the employee’s accumulated annual leave credit is not transferable, the employee is entitled to payment of an amount equal to the value of the credit based on the employee’s salarycredit.