Tag: unused vacation

Question: Are North Carolina employers required to pay employees for unused paid time off or vacation at the time of termination of employment? Answer: North Carolina employers are not required to provide a vacation pay plan. However under N.C. Gen. Stat. ยง 95-25.12, if employers provide vacation, they must give all vacation time off or…

Question: Is an Illinois employer required to pay the company owner for unused vacation and/or sick pay at time of termination? Answer: The answer to your question depends upon how your company and the ownership interests are structured. Under the Illinois statutes (820 Ill. Comp. Stat.115/5), “when an employment contract or company policy provides for…