BONUS SICK LEAVE ENTITLEMENT FOR LONG SERVICE EMPLOYEES. Effective April 1, 2006, the eEmployer agrees to establish a bonus bank of thirty-five (35) hours annually. This bank will be available to regular employees who have reached twenty (20) years of continuous service or more and have eight hundred and forty (840) hours entitlement under Article 19.02. Once an employee becomes entitled to this bank their entitlement will continue for the duration of their continuous service. Hours in this bank are not eligible for the payout under Article 19.0719.06. Each January the bank will be replenished to thirty-five (35) hours (prorated for part-time regular employees). Any balance remaining at December 31 will not carry forward. In cases, where an employee retires or terminates before December 31 the thirty-five (35) hours will be prorated and if the amount used that year exceeds this entitlement the arrears will be deducted from the final pay. An employee may not borrow against this bonus bank.
Appears in 4 contracts
Samples: Collective Agreement, Collective Agreement, Collective Agreement
BONUS SICK LEAVE ENTITLEMENT FOR LONG SERVICE EMPLOYEES. Effective April 1, 2006, the eEmployer employer agrees to establish a bonus bank of thirty-five (35) hours annually. This bank will be available to regular employees who have reached twenty (20) years of continuous service or more and have eight hundred and forty (840) hours entitlement under Article 19.02. Once an employee becomes entitled to this bank their entitlement will continue for the duration of their continuous service. Hours in this bank are not eligible for the payout under Article 19.0719.0619.06. Each January the bank will be replenished to thirty-five (35) hours (prorated for part-time regular employees). Any balance remaining at December 31 will not carry forward. In cases, where an employee retires or terminates before December 31 the thirty-five (35) hours will be prorated and if the amount used that year exceeds this entitlement the arrears will be deducted from the final pay. An employee may not borrow against this bonus bank.
Appears in 2 contracts
Samples: Collective Agreement, Collective Agreement
BONUS SICK LEAVE ENTITLEMENT FOR LONG SERVICE EMPLOYEES. Effective April 1, 2006, the eEmployer Employer agrees to establish a bonus bank of thirty-five (35) hours annually. This bank will be available to regular employees who have reached twenty (20) years of continuous service or more and have eight hundred and forty (840) hours entitlement under Article 19.020. Once an employee becomes entitled to this bank their entitlement will continue for the duration of their continuous service. Hours in this bank are not eligible for the payout under Article 19.0719.0619.07. Each January the bank will be replenished to thirty-five (35) hours (prorated for part-time regular employees). Any balance remaining at December 31 will not carry forward. In cases, where an employee retires or terminates before December 31 the thirty-five (35) hours will be prorated and if the amount used that year exceeds this entitlement the arrears will be deducted from the final pay. An employee may not borrow against this bonus bank.
Appears in 1 contract
Samples: Collective Agreement