Common use of Vacation Pay Upon Separation Clause in Contracts

Vacation Pay Upon Separation. Any employee who has accrued vacation leave, and whose employment terminates, shall be compensated for such accrued vacation based on the hourly equivalent of the salary they were receiving at the time of their termination.

Vacation Pay Upon Separation. Any employee Employees who has accrued vacation leaveresign, and whose employment terminates, retire or are terminated shall be compensated at their current hourly rate of pay for such any accrued but unused vacation based on the hourly equivalent of the salary they were receiving at the time of their terminationleave.