Common use of Vacation Payout at Separation Clause in Contracts

Vacation Payout at Separation. Employees are eligible to receive a payout of their unused vacation time when their employment ends with the College for any reason other than gross misconduct. The employee’s vacation payout will be based on their straight hourly rate in effect at the time of separation.

Vacation Payout at Separation. a. Employees are eligible to receive a payout of their unused vacation time when their employment ends with the College for any reason other than gross misconduct. The employee’s vacation payout will be based on their straight hourly rate in effect at the time of separation.