Unused Vacation Payment Sample Clauses
The Unused Vacation Payment clause stipulates that employees will receive compensation for any accrued but unused vacation time upon the end of their employment. Typically, this means that when an employee resigns or is terminated, the employer calculates the remaining vacation days the employee has earned but not taken and pays out the equivalent amount in their final paycheck. This clause ensures that employees are fairly compensated for earned benefits and prevents disputes over unused leave at the conclusion of employment.
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Unused Vacation Payment. If an employee does not use all of the vacation during one calendar year, the employee shall have a right to be reimbursed the number of unused vacation days at the daily wage rate of the employee. Said wages shall be paid in the first paycheck in August. Employees must notify the Treasurer, in writing, by July 10 each year as to which option he/she selects. Employees not notifying the Treasurer by July 10 will receive the payment. UNPAID LEAVES
8.07 Unpaid Maternity/Child/Adoptive Care Leave
Unused Vacation Payment. You will receive a lump sum payment for any 1999 vacation time (up to 25 days) remaining unused as of your last date of active employment, in accordance with Sealed Air's Duncan, SC policy. Since you were hired prior to January 1, 1983, you also will be paid the additional vacation committed at the time of accrual conversion. This payment for unused vacation will be made in the month following your last day of active employment.
Unused Vacation Payment. You are entitled to paid vacation aggregating not less than five weeks during 1997. You will be entitled to payment for any unused vacation time in accordance with Company policy at the time you retire on November 30, 1997, including any days (up to ten) carried over from 1996 in accordance with vacation policy.
Unused Vacation Payment. Additionally, on or before the time of the Company’s immediately succeeding routine payroll period after Employee’s employment by the Company is terminated, the Company will make a one-time cash payment to Employee in an amount equal to all of Employee’s unused sick leave, vacation time and/or paid time off (consistent with Company policy for employees of the Company with similar rank or pay grade level as Employee), less applicable federal and state taxes, benefits and other withholding payable.