Common use of Termination or Layoff Clause in Contracts

Termination or Layoff. If an employee is terminated or laid off, he shall be paid all accrued and unused vacation, plus pro-rated vacation based on the number of months completed from the employee's anniversary date to the date of such termination or layoff and divided by twelve (12) to include accrued but unusual All Purpose Days.

Termination or Layoff. If an employee is terminated or laid off, he shall be paid all accrued and unused vacation, plus pro-rated vacation based on the number of months completed from the employee's ’s anniversary date to the date of such termination or layoff and divided by twelve (12) to include accrued but unusual All Purpose Days.