Lump Sum Payment. 14.11 Upon separation from service, an employee is entitled to a lump sum payment as of the time of separation for any unused or accumulated vacation. Such sum shall be computed by projecting the accumulated time on a calendar basis so that the lump sum will equal the amount which the employee would have been paid had he/she taken the time off, but not separated from service.
Appears in 11 contracts
Samples: Collective Bargaining Agreement, Collective Bargaining Agreement, www2.calstate.edu
Lump Sum Payment. 14.11 Upon separation from service, an employee is entitled to a lump sum payment as of the time of separation for any unused or accumulated vacation. Such sum shall be computed by projecting the accumulated time on a calendar basis so that the lump sum will equal the amount which the employee would have been paid had he/she the employee taken the time off, but not separated from service.
Appears in 4 contracts
Samples: Collective Bargaining Agreement, Collective Bargaining Agreement, Collective Bargaining Agreement
Lump Sum Payment. 14.11 14.10 Upon separation from service, an employee is entitled to a lump sum payment as of the time of separation for any unused or accumulated vacation. Such sum shall be computed by projecting the accumulated time on a calendar basis so that the lump sum will equal the amount which the employee would have been paid had he/she the employee taken the time off, but not separated from service.
Appears in 2 contracts
Lump Sum Payment. 14.11 13.8 Upon separation from serviceservice without fault on the employee’s part, an employee is entitled to a lump sum payment as of the time of separation for any unused or accumulated vacation. Such sum shall be computed by projecting the accumulated time on a calendar basis so that the lump sum will equal the amount which that the employee would have been paid had he/she taken the time off, but not separated from service.
Appears in 1 contract
Samples: Collective Bargaining Agreement
