Common use of Payment of Gratuity Clause in Contracts

Payment of Gratuity. a. In cash: i) Upon retirement on or after attaining minimum retirement age, or ii) Upon retirement with permanent disability, or iii) Upon receipt of benefits under the Long Term Disability Plan, or iv) Upon request after the completion of one (1) or more years of service, or v) In the event of the death of the employee in service, after the completion of one (1) or more years of service, to their designated beneficiary or the estate as the case may be. b. As leave, prior to retirement, subject to the following: i) The minimum leave taken shall be one-half (1/2) day and the maximum twenty (20) days. ii) Such leaves shall be subject to the approval of the department head and shall be taken during a period that will not affect the efficient operation of the department. iii) Without limiting the right to apply for leave as provided above, up to ten (10) days gratuity leave may be taken coincident with commencement of maternity leave provided such days are requested at the time of making application for maternity leave.

Appears in 7 contracts

Samples: Collective Bargaining Agreement, Collective Bargaining Agreement, Collective Bargaining Agreement

AutoNDA by SimpleDocs
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!