Common use of Vacation Payment on Termination Clause in Contracts

Vacation Payment on Termination. 16.01 All terminations shall be handled on the following basis: (a) Employees who had received their vacations earned as of May 1st prior to termination shall receive a pro rata payment of 2%, 4%, 6%, 8%, 10%, 12% or 14% as applicable of earnings from May 1st to date of termination. (b) Employees who had not received their earned vacations as of May 1st prior to termination shall receive their regular vacation pay in addition to a pro rata payment of 2%, 4%, 6%, 8%, 10%, 12% or 14% as applicable of earnings from May 1st. (c) Temporary employees shall be entitled only to vacation pay in accordance with provisions of the Employment Standards Act. On termination, an employee will receive any vacation bonus to which he is entitled.

Vacation Payment on Termination. 16.01 15.01 All terminations shall be handled on the following basis: (a) Employees who had received their vacations earned as of May 1st prior to termination shall receive a pro rata payment of 2%, 4%, 6%, 8%, 10%, 12% or 14% as applicable of earnings from May 1st to date of termination. (b) Employees who had not received their earned vacations vacation as of May 1st prior to termination shall receive their regular vacation pay in addition to a pro rata payment of 2%, 4%, 6%, 8%, 10%, 12% or 14% as applicable of earnings from May 1st. (c) Temporary employees shall be entitled only to vacation pay in accordance with provisions of the Employment Standards Act. On termination, an employee will receive any vacation bonus to which he is entitled.