Pay for ‘Floating Holiday’ Depends on Your Policy

Q. We gave eligible employees a “floating holiday” in lieu of having Dec. 31, 1999, as a paid holiday. We generally pay employees for all unused vacation, sick and personal time upon termination, but we have no policy regarding an unused floating holiday. Do we have to pay workers for any unused floating holidays upon termination? Does it make any difference if the employee requested the day off but the supervisor denied the request? —C.R., Illinois