Annual Leave Upon Retirement Sample Clauses

Annual Leave Upon Retirement. Members leaving on superannuation, or upon leaving at reaching maximum retirement age, are entitled in addition to any unused portion of annual leave entitlement for the preceding calendar year to annual leave as follows: If retiring prior to April 1st, they receive one-half (½) of the usual annual leave: If retiring April 1st or later, they receive the full annual leave.
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Annual Leave Upon Retirement. 19 7.4 Annual Leave Pay Adjustments............................................................... 19 7.5 Statutory Holidays................................................................................... 20 7.6 Supplementary Annual Leave ................................................................. 21 7.7 ................................................................................................................ 21 8. BENEFITS .................................................................................................................. 21 8.1 Medical Services Plan.............................................................................. 21 8.2 Extended Health Benefits Plan ............................................................... 21 8.3 Dental Plan.............................................................................................. 22 8.4 Same Sex Benefit Coverage .................................................................... 22 8.5 Sick Leave Plan ........................................................................................ 22 8.6 Gratuity Plan ........................................................................................... 23 (a) Accumulation ................................................................................. 23 (b) Deductions ..................................................................................... 24 (c) Payment ......................................................................................... 24 8.7 Income Continuance Recovery ............................................................... 24 8.8 Workers' Compensation ......................................................................... 25 8.9 Group Life Insurance............................................................................... 25 8.10 Pension Plan............................................................................................ 25 8.11 Benefit Plan Administration.................................................................... 25 8.12 Maternity and Parental Leave ................................................................ 26 8.13 Dependents’ Compensation ................................................................... 29
Sample 1

Related to Annual Leave Upon Retirement

  • Vacation Leave on Retirement ‌ An employee scheduled to retire and to receive pension benefits under the Public Service Pension Plan Rules or who has reached the mandatory retiring age, shall be granted full vacation entitlement for the final calendar year of service.

  • Disability Retirement If, as a result of your incapacity due to physical or mental illness, You shall have been absent from the full-time performance of your duties with the Company for 6 consecutive months, and within 30 days after written notice of termination is given You shall not have returned to the full-time performance of your duties, your employment may be terminated for "Disability." Termination of your employment by the Company or You due to your "Retirement" shall mean termination in accordance with the Company's retirement policy, including early retirement, generally applicable to its salaried employees or in accordance with any retirement arrangement established with your consent with respect to You.

  • Life Insurance Upon Retirement 34.1 An employee who retires from the service of the Corporation subsequent to August 1, 2001, will, provided he is 55 years of age or over and has not less than 10 years' cumulative compensated service, be entitled to the sum of $8,000.00, payable to his estate upon his death.

  • Vacation Pay on Retirement Termination is as follows:

  • Normal Retirement Unless Separation from Service or a Change in Control occurs before Normal Retirement Age, when the Executive attains Normal Retirement Age the Bank shall pay to the Executive the benefit described in this section 2.1 instead of any other benefit under this Agreement. If the Executive’s Separation from Service thereafter is a Termination with Cause or if this Agreement terminates under Article 5, no further benefits shall be paid.

  • Normal Retirement Date The date on which the Executive attains age sixty-five (65).

  • Post-Retirement Benefits The present value of the expected cost of post-retirement medical and insurance benefits payable by the Borrower and its Subsidiaries to its employees and former employees, as estimated by the Borrower in accordance with procedures and assumptions deemed reasonable by the Required Lenders is zero.

  • Maternity Disability Leave 14.1.13.1 This leave commences with the onset of disablement due to pregnancy. The employee may claim sick leave pay and/or extended disability pay for no more than that limited period of time when the employee’s physician certified in writing on the form provided by the District that she was actually physically disabled from performing her duties because of pregnancy, miscarriage, childbirth, or recovery there from.

  • VESTED RETIREMENT GRATUITY VOLUNTARY EARLY PAYOUT a) An Employee eligible for a Sick Leave Credit retirement gratuity as per Appendix A shall have the option of receiving a payout of his/her gratuity on August 31, 2016, or on the employee’s normal retirement date.

  • Deferred Retirement a. An employee who, upon separation from County service, is eligible for paid retirement and elects deferred retirement must defer participation in the Grant until such time as he or she becomes an active retiree.

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