Common use of Resignation/Retirement Clause in Contracts

Resignation/Retirement. Employees who retire or resign before a Paid Holiday shall not be entitled to Paid Holiday pay for such day. CLARIFICATION NOTE: For purposes of clarification, it is the intention of the parties that premium pay will attach to working on the actual date of the paid holiday rather than the day declared in lieu by the University. For example, employees who work the day in lieu and not the actual day of the paid holiday shall receive straight time pay, and those who have worked eleven (11) days of the thirty (30) calendar days immediately preceding the paid holiday shall also receive an additional day’s pay, or by mutual agreement of the employee and their department, another day off with pay.