CASH GRATUITY Clause Samples
The CASH GRATUITY clause defines the terms under which a cash payment, typically a lump sum, is provided to an employee or beneficiary, often upon retirement, resignation, or death. This clause outlines eligibility criteria, calculation methods (such as based on years of service or final salary), and the timing of payment. Its core practical function is to ensure that employees or their families receive a predetermined financial benefit, providing security and recognizing service, while also clarifying the employer’s obligations and reducing potential disputes.
CASH GRATUITY. 41.01 For employees hired prior to April 12, 1995 and who die, there shall be paid to the employee's estate, an amount equal to the product obtained by multiplying the weekly rate of pay, immediately prior to the death of the employee, by the number of years continuous service with a maximum of thirty (30) years regardless of any other benefit payable. Employees hired after April 12, 1995 shall not receive the benefits of this Clause.
41.02 The dependants of a deceased employee shall be eligible for 100% removal regardless of length of service (including the cost of shipping the body).
CASH GRATUITY. For all employees on staff at the date of ratification, when an employee leaves the employ of the Board, he or she may take a cash payment for all or part of the unused sick leave accumulated while in the employ of the Board. At the employee’s request, the cash payment will be made in the form of a cheque made out directly to the employee or a transfer into the employee’s RRSP. Any staff member covered by this agreement who is hired on or after May 8, 2000 and remains in the employ of the Board for a period of at least two years shall receive a contribution of $3,500 to a retirement savings plan on behalf of the employee, providing there is RRSP room available to the employee. Should the employee not have sufficient room to accommodate the contribution, then a contribution will be made to the plan for the maximum amount allowable and the balance remaining will be paid out directly to the employee in a lump sum, subject to the usual statutory deductions. It is the employee’s responsibility to obtain verification of RRSP room availability from Revenue Canada and provide such to the Board. No action on this Article can be taken by the Board until the employee provides such verification. The cash gratuity shall be based on the following scale: - 25% of the unused sick days accumulated while in the employ of the Board for employees with at least twelve (12) months of service with the board and less than sixty (60) months of service.
CASH GRATUITY. (Note: Refer to Article 53.09 and 54.15 for the applicable provisions for auxiliary employees.)
CASH GRATUITY. Regardless of any other benefits payable, if a seasonal employee dies, there shall be paid to his/her spouse or to such other person as the Commissioner determines, an amount equal to four
CASH GRATUITY. Regardless of any other benefits payable, if an auxiliary employee dies, there shall be paid to his/her spouse or to such other person as the Commissioner determines, an amount equal to four Page22
CASH GRATUITY. Medicare, and Supplementary Premiums ... Dental Care Program ............................... Travel Bonus for Regular Employees Outside of Whitehorse Commuting Assistance Weigh Station) .......... Part-Time Employees ............................... Apprentices .......................................
CASH GRATUITY. For employees hired prior to April and who die, there shall be paid to the employee’s estate, an amount equal to the product obtained by multiplying the weeklyrate of pay, immediately prior to the death of the employee, by the number of years continuous service with a maximum of thirty (30) years regardless of any other benefit payable. Employees hired after April shall not receive the benefits of this Clause. The dependants of a deceased employee shall be eligible for removal regardless of length of service (including the cost of shipping the body).
CASH GRATUITY. Medicare, and Supplementary Premiums . . Dental Care Program . . . . . . . . . . . . . . . . . . . . . . . . . . . Travel Bonus for Regular Employees Outside of Whitehorse Commuting Assistance Weigh Station) . . . . . . . .
CASH GRATUITY. Note: Refer to Central Terms Appendix “A” and Central Letter of Agreement #9 Retirement Gratuities were frozen as of August 31, 2012. An Employee is not eligible to receive a sick leave credit gratuity or any non-sick leave credit retirement gratuity (such as, but not limited to, service gratuities or RRSP contributions) after August 31, 2012, except a sick leave credit gratuity that the Employee had accumulated and was eligible to receive as of that day. The following language applies only to those employees eligible for the gratuity above. Employees shall be entitled to a cash gratuity for all the unused sick days accumulated while in the employ of the Board and calculated as follows: (Unused Sick Days) x (Daily Salary at Termination) x (Applicable Years of Service Factor)
CASH GRATUITY. Parties agree that;
4.1 The employer will pay to all employees that was in employ on 1 April 2021 a monthly non pensionable cash gratuity of R978.00 for the period 1 April 2021 to 31 March 2022.
4.2 The non-pensionable cash gratuity will be implemented on the first payment date following this agreement reaching a majority.