Common use of Vacation Pay Upon Separation Clause in Contracts

Vacation Pay Upon Separation. An employee who separates due to resignation, retirement, layoff or termination after six (6) months of State service shall be paid for not more than two hundred fifty (250) unused vacation leave hours. Any hours beyond the two hundred fifty (250)-hour cap not paid under Section 6 shall be lost. Any employee on a military leave of absence without pay may, at the option of the employee, either be paid for unused vacation leave hours or retain them on the agency leave records. When an employee notifies the Agency they plan to separate from Agency service within the next two (2) calendar months, and the employee has at the time of such notice more than two hundred and fifty (250) hours of accrued vacation hours, the Agency and employee will work together to find a mutually agreeable time for the employee to take time off to reduce accrued vacation hours down to the two hundred and fifty (250) hours. Upon separation, if an employee has used vacation leave in excess of the amount accrued, the equivalent dollar amount will be deducted from the final paycheck.

Vacation Pay Upon Separation. An employee who separates due to resignation, retirement, layoff or termination after six (6) months of State service shall be paid for not more than two three hundred fifty (250300) unused vacation leave hours. Any hours beyond the two three hundred fifty (250)-hour 300)-hour cap not paid under Section 6 shall be lost. Any employee on a military leave of absence without pay may, at the option of the employee, either be paid for unused vacation leave hours or retain them on the agency leave records. When an employee notifies the Agency they plan to separate from Agency service within the next two (2) calendar months, and the employee has at the time of such notice more than two three hundred and fifty (250300) hours of accrued vacation hours, the Agency and employee will work together to find a mutually agreeable time for the employee to take time off to reduce accrued vacation hours down to the two three hundred and fifty (250300) hours. Upon separation, if an employee has used vacation leave in excess of the amount accrued, the equivalent dollar amount will be deducted from the final paycheck.