Common use of RETIREMENT GRATUITY PLAN Clause in Contracts

RETIREMENT GRATUITY PLAN. A regular employee with a minimum of ten (10) years' service retiring at normal or earlier retirement date shall be granted a gratuity based on the employee's sick leave reserve, years of service, and salary at retirement according to the following schedule:

Appears in 5 contracts

Samples: Collective Agreement, Collective Agreement, Collective Agreement

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RETIREMENT GRATUITY PLAN. A regular employee with a minimum of ten (10) years' service retiring at normal or earlier retirement date shall be granted a gratuity based on the employee's sick leave reserve, years of service, and salary at retirement according to the following schedule:: of the unexpended portion of sick leave reserve at the salary rate as of retirement date. plus for each additional year of service up to a maximum of for twenty-five

Appears in 1 contract

Samples: Collective Agreement

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