Retirement Bonus for Full-Time Employees Sample Clauses

Retirement Bonus for Full-Time Employees. Full-time employees, who retire on the Municipal Pension Plan after twenty (20) years of service and at sixty-seven (67) years of age or younger, shall be paid a retirement bonus of one thousand four hundred dollars ($1,400) less statutory deductions. Employees will advise Financial Services whether the funds should be paid out with appropriate deductions or forwarded directly to a financial institution as an RRSP contribution.
AutoNDA by SimpleDocs

Related to Retirement Bonus for Full-Time Employees

  • Regular Full-Time Employees A regular full-time employee is one who works full-time on a regularly scheduled basis. Regular full-time employees accumulate seniority and are entitled to all benefits outlined in this Collective Agreement.

  • Retirement Bonus 22:01 Employees retiring in accordance with the following:‌

  • Regular Full-Time Employee A regular full-time employee is defined as one in respect of whom there is a regular schedule of work providing 70 hours of work biweekly.

  • Full-Time Employees A full-time employee is one engaged as such and whose ordinary hours of work average 38 hours per week. The employee’s ordinary hours of work will not exceed an average of 38 hours per week over a 4 week period. Although the actual hours of work may vary from week to week, with some weeks greater than 38 hours and other weeks less, the employee will not work in excess of 152 ordinary hours in any four week period.

  • Permanent Full-Time Employees Pay and benefits will be computed on a monthly pay status basis.

  • SHIFT BONUS 7:01 A day shift shall be a shift that commences after 4:30 a.m. and at or before 10:00 a.m. on the same day.

  • Overtime-Eligible Employees Employees who are covered by the overtime provisions of state and federal law.

  • Compensation for Employees Employees shall receive compensation at the biweekly or hourly rate for the range and step or flat rate assigned to the class in which they are employed.

  • Full-Time Employees Only Employees will be allowed to participate in health and welfare benefits plans during the year of the leave, but the full cost of such plans will be borne by the employees. Contributions to the Hospitals of Ontario Pension Plan will be in accordance with the Plan. Notwithstanding the above, employees will not be eligible to participate in the disability income plan during the year of the leave.

  • Regular Part-Time Employees A regular part-time employee is one who works less than full-time on a regularly scheduled basis. Regular part-time employees accumulate seniority on an hourly basis and are entitled to all benefits outlined in this Collective Agreement. Regular part-time employees shall receive the same perquisites, on a proportionate basis, as granted regular full-time employees.

Time is Money Join Law Insider Premium to draft better contracts faster.