Vacation Credit Upon Termination Of Employment Sample Clauses

Vacation Credit Upon Termination Of Employment. 1. Upon termination of employment for any reason, an employee who earned vacation time may be granted a vacation for the time so earned not to exceed the maximum amount which may be accumulated as specified in paragraph F of this Article. Such vacation must be taken prior to the effective date of termination of employment, or in lieu of such vacation, the employee may be granted a lump sum payment for vacation time accrued to his or her credit not to exceed the maximum amount which may be accumulated as specified in paragraph F of this Article. 2. No employee shall be paid for accumulated vacation leave upon termination of service unless he or she has been employed six (6) months or more.

Vacation Credit Upon Termination Of Employment. 1. Upon termination of employment for any reason, an employee who has earned vacation time may be granted a vacation for the time so earned not to exceed the maximum amount which may be accumulated as specified in paragraph DE of this article. Such vacation must be taken prior to the effective date of termination of employment, or in lieu of such vacation, the employee may be granted a lump sum payment for vacation time accrued to his or her credit not to exceed the maximum amount which may be accumulated as specified in paragraph DE of this article. 2. No employee shall be paid for accumulated vacation leave upon termination of service unless he or she has been employed 6 months or more.