GRATUITY-FULL-TIME EMPLOYEES Sample Clauses

GRATUITY-FULL-TIME EMPLOYEES. Upon death or retirement from employment with the Board after five (5) or more years continuous service with the Board, employees eligible and applying for any pension receivable under the Ontario Municipal Employee's Retirement System then in force, shall be entitled to a retirement gratuity calculated as follows, but not to exceed a total amount of $8,000: After: 5 years service 20% of cumulative sick leave credits at daily rate of pay as at date of retirement. 6 years service 22% 7 years service 24% 8 years service 26% 9 years service 28% 10 years service 30% 11 years service 32% 12 years service 34% 13 years service 36% 14 years service 38% 15 years service 40% 16 years service 42% 17 years service 44% 18 years service 46% 19 years service 48% 20 years service 50% At the employee's request, the payment of this allowance shall be:
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GRATUITY-FULL-TIME EMPLOYEES. Retirement Gratuities were frozen as of August 31, 2012. Employees are 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. Upon death or retirement from employment with the Board after five (5) or more years continuous service with the Board, employees eligible and applying for any pension receivable under the Ontario Municipal Employee's Retirement System then in force, shall be entitled to a retirement gratuity calculated as follows, but not to exceed a total amount of $8,000: After: 5 years service 20% 6 years service 22% 7 years service 24% 8 years service 26% 9 years service 28% 10 years service 30% 11 years service 32% 12 years service 34% 13 years service 36% 14 years service 38% 15 years service 40% 16 years service 42% 17 years service 44% 18 years service 46% 19 years service 48% 20 years service 50% of cumulative sick leave credits at daily rate of pay as at date of retirement. At the employee's request, the payment of this allowance shall be:

Related to GRATUITY-FULL-TIME EMPLOYEES

  • Full-Time Employees A full-time employee is one engaged as such and whose ordinary hours of work average 38 hours per week. The employee’s ordinary hours of work will not exceed an average of 38 hours per week over a 4 week period. Although the actual hours of work may vary from week to week, with some weeks greater than 38 hours and other weeks less, the employee will not work in excess of 152 ordinary hours in any four week period.

  • Regular Full-Time Employees A regular full-time employee is one who works full-time on a regularly scheduled basis. Regular full-time employees accumulate seniority and are entitled to all benefits outlined in this Collective Agreement.

  • Permanent Full-Time Employees Pay and benefits will be computed on a monthly pay status basis.

  • Less-Than-Full-Time Employees (a) For less-than-full-time employees (including part-time, seasonal, and intermittent employees), who have at least eighty (80) paid regular hours in the month, the Employer shall contribute a prorated amount of the contribution for full-time employees. This prorated contribution shall be based on the ratio of paid regular hours to full-time hours to the nearest full percent, except that less-than-full-time employees who have at least eighty (80) paid regular hours in a month shall receive no less than one-half (½) of the contribution for full-time employees.

  • Regular Full-Time Employee A regular full-time employee is defined as one in respect of whom there is a regular schedule of work providing 70 hours of work biweekly.

  • Full-Time Employee A full-time employee shall be an employee who is normally scheduled to work not less than forty (40) hours per week, consisting of five (5) eight (8) hour working days.

  • Applicable to Full-Time Employees An employee who qualifies under Article 16.04 and is required to work on any of the above-mentioned holidays will, at the option of the Employer, receive in addition to shift premium, if applicable, either;

  • Full-Time and Part-Time Employees (a) The base rates of pay in the appropriate employment classification for full-time employees and for part-time employees shall be the hourly rates of pay set out in the Tables in Schedule B to this Agreement.

  • Full-Time Employment A full-time Employee is one who is engaged to work 38 hours per week or an average of 38 hours per week pursuant to clause 26(a) of the Agreement.

  • Full-Time Employees Only Employees will be allowed to participate in health and welfare benefits plans during the year of the leave, but the full cost of such plans will be borne by the employees. Contributions to the Hospitals of Ontario Pension Plan will be in accordance with the Plan. Notwithstanding the above, employees will not be eligible to participate in the disability income plan during the year of the leave.

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