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Common use of Gratuity Clause in Contracts

Gratuity. A. A Teacher having a minimum of ten years’ service within the jurisdiction of this Board and who is no less than 6 months from the date at which they would be retired within the meaning of the Teachers’ Pension Plan Act shall be paid a gratuity based upon the following calculation: Years of Service % of Accumulated Sick Leave Credits x 1/200 of Annual Salary at Date of Retiring 11 11 12 12 13 13 14 14 15 15 16 16 18 19 19 21 20 23 21 25 22 27 23 29 24 32 25 35 Notwithstanding the above, the Board may at its sole discretion grant a gratuity in a compassionate circumstance. A. 1. Broken service prior to September 1, 1977 shall not be considered under this clause. However, broken service for Teachers shall be recognized subsequent to September 1, 1977.

Appears in 1 contract

Samples: Collective Agreement

Gratuity. A. A Teacher having a minimum of ten years' service within the jurisdiction of this Board and who is no less than 6 months from the date at which they would be retired within the meaning of the Teachers' Pension Plan Act shall be paid a gratuity based upon the following calculation: Years of Service % of Accumulated Sick Leave Service Credits x 1/200 of Annual Salary at Date of Retiring 10 10 11 11 12 12 13 13 14 14 15 15 16 16 17 17 18 19 19 21 20 23 21 25 22 27 23 29 24 32 25 35 Notwithstanding the above, the Board may at its sole discretion grant a gratuity in a compassionate circumstance. A. 1. Broken service prior to September 1, 1977 shall not be considered under this clause. However, broken service for Teachers shall be recognized subsequent to September 1, 1977.

Appears in 1 contract

Samples: Collective Agreement

Gratuity. A. A Teacher having a minimum of ten years’ service within the jurisdiction of this Board and who is no less than 6 months from the date at which they would be retired within the meaning of the Teachers’ Pension Plan Act shall be paid a gratuity based upon the following calculation: Years of Service % of Accumulated Sick Leave Credits x 1/200 of Annual Salary at Date of Retiring 10 10 11 11 12 12 13 13 14 14 15 15 16 16 17 17 18 19 19 21 20 23 21 25 22 27 23 29 24 32 25 35 Notwithstanding the above, the Board may at its sole discretion grant a gratuity in a compassionate circumstance. A. 1. Broken service prior to September 1, 1977 shall not be considered under this clause. However, broken service for Teachers shall be recognized subsequent to September 1, 1977.

Appears in 1 contract

Samples: Collective Agreement

Gratuity. A. a) A Teacher having a minimum of ten years' service within the jurisdiction of this Board and who is no less than 6 months from the date at which they would be retired within the meaning of the Teachers' Pension Plan Act shall be paid a gratuity based upon the following calculation: Years of Service at Date of Retiring % of Accumulated Sick Leave Credits x 1/200 of Annual Salary at Date of Retiring 10 10 11 11 12 12 13 13 14 14 15 15 16 16 17 17 18 19 19 21 20 23 21 25 22 27 23 29 24 32 25 35 35 b) Notwithstanding the above, the Board may at its sole discretion grant a gratuity in a compassionate circumstance. A. 1. i) Broken service prior to September 1, 1977 shall not be considered under this clause. However, broken service for Teachers shall be recognized subsequent to September 1, 1977.

Appears in 1 contract

Samples: Collective Agreement

Gratuity. A. A Teacher having a minimum of ten years' service within the jurisdiction of this Board and who is no less than 6 months from the date at which they would be retired within the meaning of the Teachers' Pension Plan Act shall be paid a gratuity based upon the following calculation: Years of Service % of Accumulated Sick Leave Service Credits x 1/200 of Annual Salary at Date of Retiring 10 10 11 11 12 12 13 13 14 14 15 15 16 16 17 17 18 19 19 21 20 23 21 25 22 27 23 29 24 32 25 35 35 B. Notwithstanding the above, the Board may at its sole discretion grant a gratuity in a compassionate circumstance. A. C. 1. Broken service prior to September 1, 1977 shall not be considered under this clause. However, broken service for Teachers shall be recognized subsequent to September 1, 1977.

Appears in 1 contract

Samples: Collective Agreement