Common use of Vacation Pay on Termination or Retirement Clause in Contracts

Vacation Pay on Termination or Retirement. An Employee terminating or retiring from employment at any time in the calendar year, prior to using his/her vacation, shall be entitled to a pro-rated payment of salary or wages in lieu of such vacation on the date of termination or retirement.

Appears in 4 contracts

Samples: Professional Employees, Agreement, Agreement

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Vacation Pay on Termination or Retirement. An Employee employee terminating his employment or retiring from employment at any time in the calendar his vacation year, prior to using his/her before he has had his vacation, shall be entitled to a pro-rated proportionate payment of salary or wages in lieu of such vacation on the date of prior to termination or retirement, which shall be paid no later than the next payroll date.

Appears in 1 contract

Samples: Collective Agreement

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