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