Gratuity Credits Plan Sample Clauses

Gratuity Credits Plan a) An employee who has not used three (3) days of sick leave in any one (1) year or has used only a portion thereof will be credited with a gratuity of such unused portion. Deductions will be applicable to the current calendar year and will not affect any gratuity accumulated prior to the current calendar year.
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Gratuity Credits Plan a) Each Fulltime employee will be credited with one (l) working day for every three (3) months of continuous employment with the Employer, provided that deductions shall not exceed one (l) working day in any one three (3) month period or for any one illness. Deductions shall be applicable to the current calendar year and shall not affect any gratuity accumulated prior to the current calendar year. Gratuity credits may be accumulated to a maximum of one hundred and twenty (120) working shifts.
Gratuity Credits Plan a) Each Full-Time Employee of the Fire Suppression Division will be credited with twelve (12) hours for every three (3) months of continuous employment with the Employer, each Full-Time Employee of the Fire Protection Division shall be credited with seven (7) hours for every three (3) months of continuous employment with the Employer, and each Training Officer shall be credited with seven and one-half (7.5) hours for every three (3) months of continuous employment with the Employer, provided that deductions shall not exceed one

Related to Gratuity Credits Plan

  • Gratuity Plan 10.11.1 Gratuity credits are based on the calendar year. For the purposes of accumulating gratuity credits, the year will be divided into four (4) distinct periods: • 1 January to 31 March • 1 April to 30 June • 1 July to 30 September • 1 October to 31 December All dates are inclusive.

  • RETIREMENT INCENTIVE PROGRAM A. A Retirement Incentive Program will be provided by the District based upon the conditions stipulated below:

  • Retirement Savings Plan Within fifteen (15) days after the date of Termination of Employment, the Company shall pay to Employee a cash payment in an amount, if any, necessary to compensate Employee for the Employee’s unvested interests under the Company’s retirement savings plan which are forfeited by Employee in connection with the Termination of Employment.

  • Retirement Plans In connection with the individual retirement accounts, simplified employee pension plans, rollover individual retirement plans, educational IRAs and XXXX individual retirement accounts (“XXX Plans”), 403(b) Plans and money purchase and profit sharing plans (collectively, the “Retirement Plans”) within the meaning of Section 408 of the Internal Revenue Code of 1986, as amended (the “Code”) sponsored by a Fund for which contributions of the Fund’s shareholders (the “Participants”) are invested solely in Shares of the Fund, JHSS shall provide the following administrative services:

  • Borrowing of Unearned Vacation Credits With the approval of the Employer, an Employee who has been employed for a period of five (5) or more years may be granted five (5) days from the vacation leave of the next subsequent year.

  • RETIREE HEALTH SAVINGS PLAN Effective, December 24, 2006, or as soon as administratively possible, the County shall establish a retiree health savings plan (RHSP) by contributing an amount of $25.00 to the employee’s RHSP each biweekly pay period.

  • Retirement Plan The 2.7% at 55 retirement plan will be available to eligible bargaining unit members covered by this Section 6.1.1.

  • Savings Plan Executive will be eligible to enroll and participate, and be immediately vested in, all Company savings and retirement plans, including any 401(k) plans, as are available from time to time to other key executive employees.

  • Retirement Savings 5.6.1 Principals are eligible to join a KiwiSaver scheme in accordance with the terms of those schemes.

  • EARLY RETIREMENT INCENTIVE PLAN 1. The Board will pay an allowance to continuing contract teachers who retire from teaching in the District under the Teachers' Pension Plan, before reaching age sixty (60), subject to the following conditions: The teacher must:

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