Common use of Conversion at Separation Clause in Contracts

Conversion at Separation. Any employee separated from the service (resignation, death, or retirement) shall be compensated in cash for all unused vacation leave accumulated, including the pro-rated amount of vacation accrued to the date of separation at the regular rate of pay at time of separation.

Conversion at Separation. Any employee separated from the service (resignation, death, or retirement) shall be compensated in cash for all unused vacation leave accumulated, including the pro-rated amount of vacation accrued to the date of separation at the regular rate of pay at time of separation. Notwithstanding the above paragraph, not less than fifty percent (50%) of each employee’s vacation must be taken off in blocks of not less than one week.