Entitlement and Payment Clause Samples
Entitlement and Payment. (a) It is agreed and understood that “Service Severance Pay” shall be paid to employees in the service of the Employer 1982 December 31 on the following basis:
(i) Employees leaving the service of the Employer, other than on retirement and who have completed ten (10) years of service or more; shall be paid two (2) days pay for each year of service.
(ii) Employees retiring from the service of the Employer shall be paid at the rate of five (5) days pay for each year of service with the Employer.
(b) To all new employees hired on or after 1983 January 1st, "Service Severance Pay" shall be paid on the following basis: Employees retiring from the service of the Employer who have completed ten (10) years of service shall be paid three (3) days pay for each year of service.
(c) At the employee's request, the payment of this allowance shall be:
(i) a lump sum payment at the time of termination or retirement, or
(ii) held over to the next taxation year, or any other year following termination of employment, or
(iii) converted to an individual income averaging annuity payable at normal retirement age, or
(iv) rolled over into a registered retirement savings plan (RRSP) established by the employee, or
(v) converted into a paid pre-retirement or post-retirement vacation equivalent.
Entitlement and Payment. (a) It is agreed and understood that “Service Severance Pay” shall be paid to employees in the service of the Employer 1982 December 31 on the following basis:
(i) Employees leaving the service of the Employer, other than on retirement and who have completed ten (10) years of service or more; shall be paid two
Entitlement and Payment. Every person employed by a school district in a position requiring certification qualifications is entitled to a leave of absence, not to exceed three (3) days, or five (5) days if out-of-state travel or one-way trips over 225 miles is required, on account of the death of any member of his/ her immediate family. No deduction shall be made from the salary of such employee nor shall such leave be deducted from any leave granted by other sections of the Agreement.
Entitlement and Payment. Every certificated unit employee employed five (5) days a week shall be entitled to ten (10) days leave of absence for illness or injury, exclusive of all days he/she is not required to render service to the District, with full pay for a school year of service. A certificated employee employed for less than five (5) schools days per week shall be entitled, for a school year of service, to that proportion of ten (10) days leave of absence for illness or injury as the number of days he/she is employed per week bears to five (5) school days; pay for any day of such absence shall be the same as the pay which would have been received had the employee served during the day.
Entitlement and Payment