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REMAINING VACATION UPON TERMINATION SAMPLE
If an employee is terminated for a reason other than willful misconduct or resigns and gives the company a minimum of two weeks notice (or three weeks for office staff) they will be entitled to receive up to a maximum of ten days (10 days or one pay cycle) of compensation as severance pay.
In cases where an employee gives notice to resign, the employee may not use vacation during their resignation period. If vacation is used during the resignation period, the used amount will be deducted from the Severance leave amount.
This severance compensation will be either included in your last paycheck or paid with the following weeks Company payroll at the Company's discretion.
In cases where an employee gives notice to resign, the employee may not use vacation during their resignation period. If vacation is used during the resignation period, the used amount will be deducted from the Severance leave amount.
This severance compensation will be either included in your last paycheck or paid with the following weeks Company payroll at the Company's discretion.
