Payout of Vacation Accrued upon Termination of Employment Sample Clauses

Payout of Vacation Accrued upon Termination of Employment. In the case of termination of employment, the Company shall pay to the employee any vacation pay owing to him/her in respect of any prior completed year of employment plus the vacation pay owing to him/her for the current year. If an employee’s vacation is in a negative balance at the date of termination they will be required to repay amounts owing.
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