CO employers can forgo paying out unused vacation upon termination

Unused vacation time can represent a substantial liability on the books for many employers. Therefore, the extent to which you can control the payout of unused vacation time upon an employee's separation from employment is an area of significant interest. The following case may provide new ammunition for enforcing restrictive policies on vacation payouts, including limiting such payments to employees who are not involuntarily terminated or who voluntarily depart with sufficient advance notice. Read More...