If you are offered a severance agreement, you may be entitled to the payment of unused accrued vacation days in addition to the amount you are being offered in severance pay. New Jersey does not have a law requiring the payment of unused vacation time. However, a terminated employee may still be entitled to the payment of vacation days that have been accrued based on the policies or practices of a company. Most companies have policies which set forth the schedule for accruing paid vacation days. Accordingly, a terminated employee may be entitled to the payment of any unused accrued vacation days.
For more information, read Vacation and Severance Pay if Fired in New Jersey.
Please contact us if you have any questions regarding the benefits you are entitled to and to discuss your rights.
March 2, 2010 – Tom McKinney – Castronovo & McKinney – Severance Attorneys