Long Service Payment. Subject to clause 9.4 where the principal has 25 years’ service or more she/he may elect to be paid a lump sum of six months’ ordinary pay (basic taxable salary) plus one weeks’ ordinary pay for each complete year of service. The maximum amount payable under this clause shall not exceed salary for one year.
Appears in 15 contracts
Samples: Collective Agreement, Collective Agreement, Collective Agreement
Long Service Payment. Subject to clause 9.4 where the principal has 25 years’ years service or more she/he may elect to be paid a lump sum of six months’ months ordinary pay (basic taxable salary) plus one weeks’ week’s ordinary pay for each complete year of service. The maximum amount payable under this clause shall not exceed salary for one year.
Appears in 3 contracts
Samples: Collective Agreement, Collective Agreement, Collective Agreement
Long Service Payment. Subject to clause 9.4 where the principal has 25 years’ ' service or more she/he may elect to be paid a lump sum of six months’ ' ordinary pay (basic taxable salary) plus one weeks’ ' ordinary pay for each complete year of service. The maximum amount payable under this clause shall not exceed salary for one year.
Appears in 1 contract
