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.
Appears in 3 contracts
Samples: Collective Agreement, Collective Agreement, Collective Agreement
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.
Appears in 2 contracts
Samples: Collective Agreement, Collective Agreement
RETIREMENT GRATUITY PLAN. 12.01 A teacher with a minimum of ten (10) consecutive years of 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.
Appears in 1 contract
Samples: Collective Agreement
RETIREMENT GRATUITY PLAN. 12.01 A teacher with a minimum of ten (10IO) 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.. Only credits earned by the teacher during employment with the Board or a predecessor thereof shall be used in the calculation of the gratuity. Credits will be accumulated as follows:
Appears in 1 contract
Samples: Collective Agreement
