Gratuity Payment. Shall be payable within two years following date of retirement at the discretion of the Board.
Gratuity Payment. (1) After the first 3 years of continuous service a practitioner will be paid a lump sum equivalent to twelve weeks’ salary as prescribed in Table 3 – Senior Practitioners – Arrangement B Salary. After each subsequent year of service a practitioner will be paid a lump sum equivalent to four weeks’ salary as prescribed in Table 3 – Senior Practitioners – Arrangement B Salary.
Gratuity Payment. All monies provided under Article 12:02 shall be paid in full to the Teacher or in the event of the Teacher’s death, to the estate, within one year after retirement or as arranged to the mutual satisfaction of the Board and the Teacher or in the event of death, the Teacher’s executor(s) or administrator(s).
Gratuity Payment. Provided that at least one year’s qualifying service has been attained at the date of termination of service, gratuity at the following rates shall be paid in respect of —
