Common use of Vacation Pay in Lieu of Time Off Clause in Contracts

Vacation Pay in Lieu of Time Off. A. In the event an employee has been absent from work during the current calendar year for a full calendar week because of layoff, an excused absence, approved leave of absence or illness, but not because of a disciplinary suspension or dispute between the Company or Union, he/she may have the option of electing to receive vacation pay in lieu of being required to take vacation time off, to the extent such periods of absence are within the amount of vacation time off for which the employee is eligible.

Appears in 4 contracts

Samples: Memorandum of Agreement, Terms of Agreement, Contract

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