Common use of Vacation Pay-Off Clause in Contracts

Vacation Pay-Off. Employees who separate from City service shall receive an amount equal to accrued unused vacation at the time of separation. The rate of payoff shall be based on the rate of pay at the time of separation. An employee shall not have the option of utilizing accrued unused vacation, in lieu of receiving vacation pay-off at the time of separation which shall be equal to the identical compensation the employee would have received had he used the vacation to receive a paid leave of absence immediately prior to separation.

Vacation Pay-Off. Employees An Employee who separate separates from City service shall receive an amount equal to accrued unused be paid for all accumulated vacation at the time of separation. The rate of payoff shall be based on the separation at his/her rate of pay in effect at the time of separation. An employee shall not have the option of utilizing accrued unused accumulated vacation, in lieu of receiving vacation pay-off at the time of separation which shall be equal to the identical compensation the employee would have received had he used the vacation to receive a paid leave of absence immediately prior to separation.

Vacation Pay-Off. Employees An employee who separate separates from City service shall receive an amount equal to accrued unused be paid for all accumulated vacation at the time of separation. The rate of payoff shall be based on the separation at their rate of pay in effect at the time of separation. An employee shall not have the option of utilizing accrued unused accumulated vacation, in lieu of receiving vacation pay-off at the time of separation which shall be equal to the identical compensation the employee would have received had he used the vacation to receive a paid leave of absence immediately prior to separation.