Vacation Payment at Termination. A. Employees terminating employment shall be paid in a lump sum for all accrued vacation leave. B. When termination is caused by the death of the employee, said payment for unused vacation shall be paid to the beneficiary designated by the employee. Such designation shall be in writing, signed by the employee and filed with Human Resources. In the event an employee has not designated a beneficiary, the payment shall be made to the estate of the employee.
Appears in 3 contracts
Samples: Memorandum of Understanding, Memorandum of Understanding, Memorandum of Understanding
Vacation Payment at Termination. A. Employees terminating employment shall be paid in a lump sum for all accrued vacation leave.
B. When termination is caused by the death of the employee, said payment for unused vacation shall be paid to the beneficiary designated by the employee. Such designation shall be in writing, signed by the employee and filed with Human Resources. In the event an employee has not designated a beneficiary, the payment shall be made to the estate of the employee.
Appears in 2 contracts
Samples: Memorandum of Understanding, Memorandum of Understanding
Vacation Payment at Termination. A. Employees terminating employment shall be paid in a lump sum for all accrued vacation leave.
B. When termination is caused by the death of the employee, said payment for unused vacation shall be paid to the beneficiary designated by the employee. Such designation shall be in writing, signed by the employee and filed with Human Resources. In the event an employee has not designated a beneficiary, the payment shall be made to the estate of the employee.
Appears in 1 contract
Samples: Memorandum of Understanding
