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 (as defined by the Municipal Pension Plan); or ii) Upon retirement with permanent disability; or iii) Upon leaving the College’s employ after the completion of ten (10) or more years of service; iv) Upon request after completion of one (1) or more years of service. B) As leave, prior to retirement, subject to the following: i) The minimum leave taken shall be one (1) day and the maximum, twenty (20) days. ii) Such leave shall be subject to the approval of the Director of Health Services and shall be taken during a period that will not affect the efficient operation of the College Health Services.

Payment of Gratuity. ‌ A) In cash: i) Upon retirement on or after attaining minimum retirement age (as defined by the Municipal Pension Plan); or ii) Upon retirement with permanent disability; or iii) Upon leaving the College’s employ after the completion of ten (10) or more years of service; iv) Upon request after completion of one (1) or more years of service. B) As leave, prior to retirement, subject to the following: i) The minimum leave taken shall be one (1) day and the maximum, twenty (20) days. ii) Such leave shall be subject to the approval of the Director of Health Services and shall be taken during a period that will not affect the efficient operation of the College Health Services.