Common use of Conversion at Separation Clause in Contracts

Conversion at Separation. An employee is entitled to compensation, at her current rate of pay, for the pro-rated portion of any earned but unused vacation leave for the current to her credit at time of separation, and in addition, shall be compensated for any unused vacation leave accrued to her credit, to the maximums set forth in this article. In the event a holiday falls within a week where an employee is granted vacation, such holiday shall not be counted as vacation leave.

Conversion at Separation. An employee is entitled to compensation, at her current rate of pay, for the pro-rated pro­rated portion of any earned but unused vacation leave for the current to her credit at time of separation, and in addition, shall be compensated for any unused vacation leave accrued to her credit, to the maximums set forth in this article. In the event a holiday falls within a week where an employee is granted vacation, such holiday shall not be counted as vacation leave.