Is an employer legally obligated to pay a former employee for unused vacation time?

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caddmann05

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If a business is sold and the former employee goes to work for the new owner with all of the benefits remaining as is, including vacation time, is the new owner obligated to honor the employees scheduled vacation time with pay? Or is the former employer required by any legal federal or state labor law to pay for the unused vacation time?
 
depends on the contract, both yours with the first co, and the co which took over the first co.
at a guess i would say the first co may be liable , bit not the new co.
many variables.
 
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