Common use of Vacation Payment on Termination Clause in Contracts

Vacation Payment on Termination. An employee whose service is terminated by the Company or by resignation shall be entitled to a cash payment in lieu of an outstanding vacation allowance, calculated proportionately from July 1 marking the beginning of the 12-month period in which the vacation entitlement applies. Upon the death of an employee, his or her estate shall be entitled to the same payment. The payment will be based on: 1. Four percent (4%) of accumulated wages for an employee entitled to the prorated amount of 10 working days annually.

Appears in 19 contracts

Samples: Collective Agreement, Partnership Agreement, Collective Agreement

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Vacation Payment on Termination. An employee whose service is terminated by the Company or by resignation shall be entitled to a cash payment in lieu of an outstanding vacation allowance, calculated proportionately from July 1 marking the beginning of the twelve (12-) month period in which the vacation entitlement applies. Upon the death of an employee, his or his/her estate shall be entitled to the same payment. The payment will be based on: 1. Four percent (4%) of accumulated wages for an employee entitled to the prorated pro- rated amount of 10 ten (10) working days annually.

Appears in 6 contracts

Samples: Collective Agreement, Collective Agreement, Collective Agreement

Vacation Payment on Termination. An employee whose service is terminated by the Company or by resignation shall be entitled to a cash payment in lieu of an outstanding vacation allowance, calculated proportionately from July 1 1st marking the beginning of the 12-month period in which the vacation entitlement applies. Upon the death of an employee, his or her estate shall be entitled to the same payment. The payment will be based on: 1. Four percent (4%) of accumulated wages for an employee entitled to the prorated amount of 10 working days annually.

Appears in 6 contracts

Samples: Collective Agreement, Collective Agreement, Collective Agreement

Vacation Payment on Termination. An employee whose service is terminated by the Company or by resignation shall be entitled to a cash payment in lieu of an outstanding vacation allowance, calculated proportionately from July 1 marking the beginning of the 12-month period in which the vacation entitlement applies. Upon the death of an employee, his or her estate shall be entitled to the same payment. The payment will be based on: 1. : Four percent (4%) of accumulated wages for an employee entitled to the prorated amount of 10 working days annually.

Appears in 3 contracts

Samples: Collective Agreement, Collective Agreement, Collective Agreement

Vacation Payment on Termination. An employee whose service is terminated by the Company or by resignation shall be entitled to a cash payment in lieu of an outstanding vacation allowance, calculated proportionately from July 1 marking the beginning of the 12-month period in which the vacation entitlement applies. Upon the death of an employee, his or her estate shall be entitled to the same payment. The payment will be based on: 1. (a) Four percent (4%) of accumulated wages for an employee entitled to the prorated amount of 10 working days annually.

Appears in 3 contracts

Samples: Collective Agreement, Collective Agreement, Collective Agreement

Vacation Payment on Termination. An employee whose service is terminated by the Company or by resignation shall be entitled to a cash payment in lieu of an outstanding vacation allowance, calculated proportionately from July J uly 1 marking the beginning of the twelve (12-) month period in which the vacation entitlement applies. Upon the death of an employee, his or his/her estate shall be entitled to the same payment. The payment will be based on: 1. Four percent (4%) of accumulated wages wage s for an employee entitled to the prorated pro- rated amount of 10 ten (10) working days annually.

Appears in 2 contracts

Samples: Collective Agreement, Collective Agreement

Vacation Payment on Termination. An employee whose service is terminated by the Company or by resignation shall be entitled to a cash payment in lieu of an outstanding vacation allowance, calculated proportionately from July 1 marking the beginning of the 12-month period in which the vacation entitlement applies. Upon the death of an employee, his or her estate shall be entitled to the same payment. The payment will be based on: 1. basedon: Four percent (4%) of accumulated wages for an employee entitled to the prorated amount of 10 working days annually.

Appears in 2 contracts

Samples: Collective Agreement, Collective Agreement

Vacation Payment on Termination. An employee whose service is terminated by the Company or by resignation shall be entitled to a cash payment in lieu of an outstanding vacation allowance, calculated proportionately from July 1 marking the beginning of the 12-12- month period in which the vacation entitlement applies. Upon the death of an employee, his or her estate shall be entitled to the same payment. The payment will be based on: 1. Four percent (4%) of accumulated wages for an employee entitled to the prorated amount of 10 working days annually.

Appears in 2 contracts

Samples: Collective Agreement, Collective Bargaining Agreement

Vacation Payment on Termination. An employee whose service is terminated by the Company IESO or by resignation shall be entitled to a cash payment in lieu of an outstanding vacation allowance, calculated proportionately from July 1 marking the beginning of the 12-month period in which the vacation entitlement applies. Upon the death of an employee, his or her estate shall be entitled to the same payment. The payment will be based on: 1. Four percent (4%) of accumulated wages for an employee entitled to the prorated amount of 10 working days annually.

Appears in 2 contracts

Samples: Collective Agreement, Collective Agreement

Vacation Payment on Termination. An employee whose service is terminated by the Company or by resignation shall be entitled to a cash payment in lieu of an outstanding vacation allowance, calculated proportionately from July 1 marking the beginning of the 12-month period in which the vacation entitlement applies. Upon the death of an employee, his or her estate shall be entitled to the same payment. The payment will be based on: 1. Four percent (4%) of accumulated wages for an employee entitled to the prorated amount of 10 working days annually.

Appears in 2 contracts

Samples: Collective Agreement, Collective Agreement

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Vacation Payment on Termination. An employee whose service is terminated by the Company or by resignation shall be entitled to a cash payment in lieu of an outstanding vacation allowance, calculated proportionately from July 1 marking the beginning of the 12-month period in which the vacation entitlement applies. Upon the death of an employee, his or her estate shall be entitled to the same payment. The payment will be based on: 1. : Four percent (4%) of accumulated wages for an employee entitled to the prorated amount of 10 working days annually.

Appears in 1 contract

Samples: Collective Agreement

Vacation Payment on Termination. An employee whose service is terminated by the Company or by resignation shall resignationshall be entitled to a cash payment in lieu of an outstanding vacation outstandingvacation allowance, calculated proportionately from July 1 marking the markingthe beginning of the 12-month period in which the vacation entitlement applies. Upon the Uponthe death of an employee, his or her estate shall be entitled entiled to the same payment. The payment will be based on: 1. Four percent (4%) of accumulated wages for an employee entitled to the prorated amount of 10 working days annually.

Appears in 1 contract

Samples: Collective Agreement

Vacation Payment on Termination. An employee whose service is terminated by the Company Employer or by resignation shall be entitled to a cash payment in lieu of an outstanding vacation allowance, calculated proportionately from July 1 marking the beginning of the twelve (12-) month period in which the vacation entitlement applies. Upon the death of an employee, his or his/her estate shall be entitled to the same payment. The payment will be based on: 1. Four percent (4%) of accumulated wages for an employee entitled to the prorated pro- rated amount of 10 ten (10) working days annually.

Appears in 1 contract

Samples: Collective Agreement

Vacation Payment on Termination. An employee whose service is terminated by the Company or by resignation shall be entitled to a cash payment in lieu of an outstanding vacation allowance, calculated proportionately from July 1 marking the beginning of the twelve (12-) month period in which the vacation entitlement applies. Upon the death of an employee, his or his/her estate shall be entitled to the same payment. The payment will be based on: 1. Four percent (4%) of accumulated wages for an employee entitled to the prorated pro-rated amount of 10 ten (10) working days annually.

Appears in 1 contract

Samples: Collective Agreement

Vacation Payment on Termination. An employee whose service is terminated by the Company or by resignation shall be entitled to a cash payment in lieu of an outstanding vacation allowance, calculated proportionately from July 1 marking the beginning of the 12-month period in which the vacation entitlement applies. Upon the death of an employee, his or her estate shall be entitled to the same payment. The payment will be based on: 1. : Four percent (4%) of accumulated wages for an employee entitled to the prorated amount of 10 working days annually.

Appears in 1 contract

Samples: Collective Agreement

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