Vacation Pay on Termination or Retirement. An Employee who terminates at any time in the vacation year before having taken vacation, shall be paid out for all vacation credits earned and not yet taken. Employees formerly under collective agreements that provided for enhanced vacation pay upon termination or retirement are addressed in Letter of Understanding #3.
Vacation Pay on Termination or Retirement. An employee terminating his/her employment at any time in his/her vacation year before he/she has had his/her vacation shall be entitled to an equivalent payment of salary or wages in lieu of such vacation at termination provided that the employee gives proper notice of termination. In the event that proper notification of termination is not given, payment will be made at the earliest possible date, but in any event, no later than the second pay day following the date of termination.
Vacation Pay on Termination or Retirement. Vacation allowance on termination of employment shall be the amount accrued at the date of termination.
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.
Vacation Pay on Termination or Retirement. Vacation entitlement at the time of termination shall be pro-rated based on the portion of the calendar year worked and the employee’s annual vacation entitlement.
