Common use of RETIREMENT GRATUITY PLAN Clause in Contracts

RETIREMENT GRATUITY PLAN. 12.01 A teacher with a minimum of ten (10) consecutive years of service as a teacher with the Board or a predecessor thereof, to the date of retirement shall be granted a gratuity based on the accumulated yearly credits and the highest annual salary during the five (5) years prior to retirement.

RETIREMENT GRATUITY PLAN. 12.01 (a) A teacher with a minimum of ten (10) consecutive years of continuous years' service as a teacher with the _ Board or a predecessor thereof, to the date of retirement shall be granted a gratuity based on the accumulated yearly credits and the highest annual salary during the five (5) years prior to retirement.

RETIREMENT GRATUITY PLAN. 12.01 (a) A teacher with a minimum of ten (10) consecutive years of continuous years' service as a teacher with the Board or a predecessor thereof, to the date of retirement shall be granted a gratuity based on the accumulated yearly credits and the highest annual salary during the five (5) years prior to retirement.