Common use of Payment of Accrued Clause in Contracts

Payment of Accrued. Leaves Employees who are placed on layoff may request, subject to approval by the Employer, to receive payment for earned but unused vacation, holidays, and/or compensatory time. Such request must be made prior to the effective date of layoff. Employees who do not request payment for earned but unused time shall receive payment for such time either at the time of layoff or at the conclusion of twelve

Payment of Accrued. Leaves Employees who are placed on layoff may request, subject to approval by the Employer, to receive payment for earned but unused vacation, holidays, and/or compensatory time. Such request must be made prior to the effective date of layoff. Employees who do not request payment for earned but unused time shall receive payment for such time either at the time of layoff or at the conclusion of twelvetwelve (12) consecutive months of layoff, at the option of the Employer.