Common use of Pre-Retirement Leave Clause in Contracts

Pre-Retirement Leave. An Employee scheduled to retire and to receive a superannuation allowance under the applicable pension Acts or who has reached the mandatory retiring age, shall be entitled to: (a) A special paid leave for a period equivalent to fifty percent (50%) of his/her accumulated sick leave credit, to be taken immediately prior to retirement; or (b) A special cash payment of an amount equivalent to the cash value of fifty percent (50%) of his/her accumulated sick leave credit, to be paid immediately prior to retirement and based upon his/her current rate of pay.

Appears in 9 contracts

Samples: Collective Agreement, Collective Agreement, Collective Agreement

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Pre-Retirement Leave. An Employee employee scheduled to retire and to receive a superannuation allowance under the applicable pension Acts Superannuation Act(s), or who has reached the mandatory retiring age, shall be entitled to: (a) A a special paid leave for a period equivalent to fifty percent (50%) of his/her accumulated sick leave credit, to be taken immediately prior to retirement; , or (b) A a special cash payment of an amount equivalent to the cash value of fifty percent (50%) of his/her accumulated sick leave credit, to be paid immediately prior to retirement and based upon his/her current rate of pay.

Appears in 5 contracts

Samples: Collective Agreement, Collective Agreement, Collective Agreement

Pre-Retirement Leave. An Employee scheduled to retire and to receive a superannuation allowance under the applicable pension Acts or who has reached the mandatory retiring age, shall be entitled to: (a) A special paid leave for a period equivalent to fifty percent (50%) of his/her their accumulated sick leave credit, to be taken immediately prior to retirement; or (b) A special cash payment of an amount equivalent to the cash value of fifty percent (50%) of his/her their accumulated sick leave credit, to be paid immediately prior to retirement and based upon his/her their current rate of pay.

Appears in 4 contracts

Samples: Collective Agreement, Collective Agreement, Collective Agreement

Pre-Retirement Leave. An Employee employee scheduled to retire and to receive a superannuation allowance under the applicable pension Acts or who has reached the mandatory retiring age, shall be entitled to:applicable (a) A a special paid leave for a period equivalent to fifty percent (50%) % of his/her accumulated sick leave credit, to be taken immediately prior to retirement; , or (b) A a special cash payment of an amount equivalent to the cash value of fifty percent (50%) % of his/her accumulated sick leave credit, to be paid immediately prior to retirement and based upon his/her current rate of pay.

Appears in 3 contracts

Samples: Collective Agreement, Collective Agreement, Collective Agreement

Pre-Retirement Leave. (a) An Employee employee scheduled to retire and to receive a superannuation allowance under the applicable pension Acts Pension (Public Service) Act, or who has reached the mandatory retiring age, retirement age shall be entitled to: (a) A 1. a special paid leave at his/her basic pay for a period equivalent to fifty percent (50%) % of his/her accumulated sick leave credit, to be taken immediately prior to retirement; or (b) A special cash payment of an amount equivalent to the cash value of fifty percent (50%) of his/her accumulated sick leave credit, to be paid immediately prior to retirement and based upon his/her current rate of pay.

Appears in 2 contracts

Samples: Collective Bargaining Agreement, Collective Bargaining Agreement

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Pre-Retirement Leave. An Employee employee scheduled to retire and to receive a superannuation allowance under the applicable pension Acts Superannuation Act(s), or who has reached the mandatory retiring age, shall be entitled to: (a) A a special paid leave for a period equivalent to fifty percent (50%) of his/her accumulated sick leave credit, to be taken immediately prior to retirement; , or (b) A a special cash payment of an amount equivalent to the cash value of fifty percent (50%) of his/her accumulated sick leave credit, to be paid immediately prior to retirement and based upon his/her current rate of pay.

Appears in 2 contracts

Samples: Collective Agreement, Collective Agreement

Pre-Retirement Leave. β€Œ An Employee employee scheduled to retire and to receive a superannuation allowance under the applicable pension Acts or who has reached the mandatory retiring age, shall be entitled to:applicable (a) A a special paid leave for a period equivalent to fifty percent (50%) of his/her accumulated sick leave credit, to be taken immediately prior to retirement; , or (b) A a special cash payment of an amount equivalent to the cash value of fifty percent (50%) of his/her accumulated sick leave credit, to be paid immediately prior to retirement and based upon his/her current rate of pay.

Appears in 1 contract

Samples: Collective Agreement

Pre-Retirement Leave. An Employee employee scheduled to retire and to receive a superannuation allowance under the applicable pension Acts or who has reached the mandatory retiring age, shall be entitled to:applicable (a) A a special paid leave for a period equivalent to fifty percent (50%) of his/her their accumulated sick leave credit, to be taken immediately prior to retirement; , or (b) A a special cash payment of an amount equivalent to the cash value of fifty percent (50%) of his/her their accumulated sick leave credit, to be paid immediately prior to retirement and based upon his/her their current rate of pay.

Appears in 1 contract

Samples: Collective Agreement

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