Compensation at Termination of Employment

Payment of Final Wages

Employees who have terminated employment must be paid regular salaries or wages through their last day of work.

Payment for Accrued Paid Time Off (PTO)

Research Foundation employees are paid for accrued vacation time to a maximum of 30 days upon termination of employment.

Payment for accrued vacation time will not be made until the pay period following termination or notice of termination, whichever is later.

Campus locations should charge payments for accrued vacation and severance at termination to the campus GL withholding award by entering a nonrecurring earnings element (Vac Pay Term or Sev Pay) using the appropriate expenditure type from the list below:

Payment for Accrued Paid Time Off in Lieu of Wages

Operating locations with a standard workweek of 37.5 hours that have elected to provide paid time off in lieu of wages to a nonexempt employee for the nonovertime portion of any time worked in excess of 37.5 hours for a given week must pay the employee for any such unused time when the employee terminates from Research Foundation employment.

The payment must be:

Severance Pay

When Research Foundation administrative positions are eliminated as part of an approved reduction-in-force program, employees may be eligible for severance pay.


Operating Locations

The Research Foundation operations manager is responsible for

Change History



Was this document clear and easy to follow? Please send your feedback to

Copyright © 2011 The Research Foundation of State University of New York