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Common use of RETIREMENT GRATUITIES Clause in Contracts

RETIREMENT GRATUITIES. Effective August 31, 2012, employees eligible for a retirement gratuity (as set out in the Letter of Agreement #1) shall have accumulated sick days vested, up to the maximum eligible under the retirement gratuity plan.

Appears in 34 contracts

Samples: Collective Agreement, Collective Agreement, Collective Agreement

RETIREMENT GRATUITIES. 5.1 Effective August 31, 2012, employees eligible for a retirement gratuity (as set out in the Letter of Agreement #1) shall have accumulated sick days vested, up to the maximum eligible under the retirement gratuity plan.

Appears in 6 contracts

Samples: Collective Agreement, Collective Agreement, Collective Agreement

RETIREMENT GRATUITIES. 1. Effective August 31, 2012, employees currently eligible for a retirement gratuity (as set out in the Letter of Agreement #1) shall have accumulated sick days vested, up to the maximum eligible under the retirement gratuity plan. 2. Upon retirement, an employee eligible for a retirement gratuity shall receive a gratuity payout based on the employee’s current accumulated vested sick days, in accordance with #1 above, and years of service and salary as of August 31, 2012. 3. Effective September 1, 2012, all accumulated non-vested sick days shall be eliminated.

Appears in 3 contracts

Samples: Collective Agreement, Memorandum of Understanding, Memorandum of Understanding

RETIREMENT GRATUITIES. Effective August 31, 2012, employees currently eligible for a retirement gratuity (as set out in the Letter of Agreement #1) shall have accumulated sick days vested, up to the maximum eligible under the retirement gratuity plan.

Appears in 2 contracts

Samples: Collective Bargaining Agreement, Collective Agreement