Common use of Vacation on Termination Clause in Contracts

Vacation on Termination. (a) Employees with less than five (5) years’ seniority who leave the service of the Company will receive any unexercised vacation credit in accordance with the regulations of the Province of Alberta. (b) Employees who are entitled to vacations in excess of those provided by the regulations of the Province will receive: (i) Vacation with pay for which they were eligible at January 1st, last preceding. (ii) One fifty-second (1/52nd) of the vacation scale applicable in each case at the time of separation for each week of service computed back to January 1st.

Vacation on Termination. (a) Employees with less than five (5) years’ seniority who leave the service of the Company will receive any unexercised vacation credit in accordance with the regulations of the Province of Alberta. (b) Employees who are entitled to vacations in excess of those provided by the regulations of the Province will receive: (i1) Vacation with pay for which they were eligible at January 1st, last preceding. (ii2) One fifty-second (1/52nd) of the vacation scale applicable in each case at the time of separation for each week of service computed back to January 1st.