Being let go, I have 15 days vacation accrued. They want to pay:
salary × 15 days / 365 days = 4.1% of salary
But suppose someone accrues 260 days of vacation, this corresponds to 52 weeks of 5 business days, so he could take off a whole year. In which case, his 260 days translates into:
salary × 260 days / 365 days = 71.2% of salary
So basically we're being compensated at 71.2%.
First question: Is this legal? (Ontario, Canada)
Second question: If not, can someone point to a reference where it indicates vacation days must be paid at par?
I tried checking on-line at the ontario.ca and other places, and none of them have a similar case of using vacation days, it's either weeks, or percent of salary, that kind of thing, so can't compare.