Common use of Payout of Vacation Clause in Contracts

Payout of Vacation. Upon resignation, retirement, layoff, or death the Employee’s accrued vacation shall be paid out to the Employee and or their beneficiary. A probationary employee shall not be entitled to the benefit.

Payout of Vacation. Upon resignation, retirement, layoff, or death the Employee’s employees accrued vacation shall be paid out to the Employee employee and or their beneficiary. A probationary employee shall not be entitled to the benefit.