Common use of Gratuity Plan Clause in Contracts

Gratuity Plan. (a) Effective April 1, 1999, current employees shall qualify for Gratuity Plan credits based on twelve percent (12%) of unused banked sick leave per calendar year. Previous credits earned will not be affected by this change. Effective April 1, 1999 new employees shall qualify for Gratuity Plan credits based on the following: • 0% of unused banked Sick Leave for the first (1st) year; • 5% of unused banked Sick Leave for the second (2nd) year; • 12% of unused banked Sick Leave for the third (3rd) year and beyond. The credits may be accumulated to a maximum total accumulation of One Hundred and Twenty Days (120) days, and may be withdrawn in whole or in part after five (5) years continuous service, in cash, or on approval of the Department Head, as additional vacation. (b) Payment of the gratuity in cash shall be computed at the time of withdrawal as follows:

Gratuity Plan. (a) Effective April 1, 1999, current employees shall qualify for Gratuity Plan credits based on twelve percent (12%) of unused banked sick leave Sick Leave per calendar year. Previous credits earned will not be affected by this change. Effective April 1, 1999 1999, new employees shall qualify for Gratuity Plan credits based on the following: • 0% of unused banked Sick Leave for the first (1st) year; • 5% of unused banked Sick Leave for the second (2nd) year; • 12% of unused banked Sick Leave for the third (3rd) year and beyond. The Gratuity credits may be accumulated to a maximum total accumulation of One Hundred and Twenty Days (120) 120 days, and may be withdrawn in whole or in part after five (5) years continuous service, service in cash, or on approval of the Department HeadChief Constable, as additional vacationVacation. (b) Payment of the gratuity Gratuity in cash shall be computed at the time of withdrawal as follows: