Section 172-19-1 - Definitions For purposes of subsection 3 of section 1191 and of subsection 5 of section 1193 of the Employment Security Law, the following terms shall have the following meanings:
A. "Dismissal wages", "severance pay" and "terminal pay" means a payment made to an individual who has been dismissed by an employer, which payment is in addition to any wages which that individual has earned through the performance of services. A payment made to an individual as an incentive to either resign, retire, or accept an employer-initiated separation will be treated in the same manner as "terminal pay."B. "Wages in lieu of notice" means a payment made to an employee who is being terminated without prior notice.C. "Vacation pay" means payment from an employer for a period during which the individual is away from work and not required to perform services, regardless of how the employer identifies it. Its accrual is normally based on a set number of days or weeks for each year of employment.D. "Holiday pay" means payment for one or more days that the employer has determined will be non-work days due to a special circumstance or event.12- 172 C.M.R. ch. 19, § 1