Common use of Grant in Lieu of Retiring Leave Clause in Contracts

Grant in Lieu of Retiring Leave. F6.6.1 All Employees eligible for retiring leave may accept, instead of any period of retiring leave to which they are entitled (less any retiring leave already taken in anticipation as part of the phased retirement), a lump sum gratuity equivalent in value to that leave. Payment shall be made in one gross sum on the date of retirement. Payment will be pro-rated for part time Employees to reflect their hours of work. F6.6.2 On the death of an Employee, the Employer may approve a cash grant in lieu of retiring leave to the Employee’s estate. F7 PARENTAL LEAVE‌ The provisions below are inclusive of and not in addition to the Parental Leave and Employment Protection Act 1987. F7.1 Parental Leave including University Paid Parental Leave is administered in accordance with the Parental Leave Act. Refer to the University’s

Grant in Lieu of Retiring Leave. F6.6.1 All Employees eligible for retiring leave may accept, instead of any period of retiring leave to which they are entitled (less any retiring leave already taken in anticipation as part of the phased retirement), a lump sum gratuity equivalent in value to that leave. Payment shall be made in one gross sum on the date of retirement. Payment will be pro-rated for part time Employees to reflect their hours of work. F6.6.2 On the death of an Employee, the Employer may approve a cash grant in lieu of retiring leave to the Employee’s estate. F7 PARENTAL LEAVE‌ The provisions below are inclusive of and not in addition to the Parental Leave and Employment Protection Act 1987. F7.1 Parental Leave including University Paid Parental Leave is administered in accordance with the Parental Leave Act. Refer to the University’s