Common use of Vacation Pay on Termination and Retirement Clause in Contracts

Vacation Pay on Termination and Retirement. An employee terminating employment or retiring at any time in the vacation year, prior to using his/her vacation shall be entitled to a proportionate payment of salary or wages in lieu of such vacation, within thirty (30) days of termination.

Vacation Pay on Termination and Retirement. An employee terminating employment or retiring at any time in the vacation year, prior to using his/her vacation their vacation, shall be entitled to a proportionate payment of salary or wages in lieu of such vacation, within thirty (30) days of termination. An employee terminating employment or retiring, who has been advanced vacation leave credits and who has taken advanced vacation leave with pay, not yet earned, shall reimburse the Employer for the full amount of advanced vacation leave taken and not earned.

Vacation Pay on Termination and Retirement. An employee Employee terminating employment or retiring upon retirement at any time in the vacation year, prior to using his/her vacation vacation, shall be entitled to a proportionate payment of salary or wages in lieu of such vacation, within thirty (30) days of terminationprior to termination or retirement.