Common use of Resignation and/or Retirement Clause in Contracts

Resignation and/or Retirement. A person about to resign or retire under the provisions of PERS or who is to be laid off without fault on employee’s part, and who has earned a vacation, may be granted a vacation for the time so earned not to exceed the annual maximum for employee’s position. Such vacation must be taken prior to the effective date of any such resignation, retirement or lay-off; or, in lieu of such vacation, an employee shall be granted a lump sum payment for vacation time accrued to employee’s credit.

Resignation and/or Retirement. A person about to resign or retire under the provisions of PERS or who is to be laid off without fault on employee’s his/her part, and who has earned a vacation, may be granted a vacation for the time so earned not to exceed the annual maximum for employee’s positionhis/her classification. Such vacation must be taken prior to the effective date of any such resignation, retirement or lay-off; or, in lieu of such vacation, an employee shall be granted a lump sum payment for vacation time accrued to employee’s his/her credit. 9.