California Employment Law
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I replied to this question early this am. The buyer is saying that we still have the accrued vacation? but it is not recorded anywhere except on an internal spreadsheet. We are actually accruing vacation on the buyer's system. The buyer is allowing some people with a 'hardship' to cash out part of the vacation accrued under seller because the new company's paydays are different and instead of getting paid on the 30th of April, the next pay day is May 10th. Tis cash out optopn was not available to everyone.
Thank you. I was under the impression that when the EIN number changed, that was evidence of a sale and the seller would have to cash out accrued vacation.
Lola,It was my pleasure to assist you and I'm sorry I could not provide more favorable information. Again, please feel free to let me know if you have any further concerns. If I have answered your question, I would be very grateful for a positive rating of my service so that I may receive credit for assisting you.Kindest regards.
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