Procedure for Delaying Gratuity Payments on Termination of Service. Payment of the amount of gratuity, or any part thereof calculated as of the termination date of service with the Employer may, with employee's consent, be delayed for a period not exceeding twelve (12)
Procedure for Delaying Gratuity Payments on Termination of Service. Payment of the amount of gratuity, or any part thereof calculated as of the termination date of service with the Employer may, with the employees' consent, be delayed for a period not exceeding twelve months. If an employee desires to delay the payment of any gratuity the employee shall notify the Director of Human Resources to that effect prior to the last day of actual work for the Employer. The delayed amount shall be paid in a single sum, plus interest, for the period of the delay at a rate to be determined from time to time by the Director of Finance.
Procedure for Delaying Gratuity Payments on Termination of Service. Payment of the amount of gratuity, or any part thereof calculated as of the termination date of service with the Employer may, with employee's consent, be delayed for a period not exceeding twelve months. If an employee desires to delay the payment of any of this gratuity the employee shall notify the Coordinator, Ray-Cam Centre to that effect prior to the last day of work for the Employer. The delayed amount shall be paid in a single sum, plus interest, for the period of the delay at a rate to be determined from time to time by the Director of Finance of the City of Vancouver.
