Common use of Retirement Pay Clause in Contracts

Retirement Pay. An employee with at least eight (8) years of continuous service shall, upon retirement, death while in the employ of the Board, or termination due to medical reasons, be entitled to receive forty (40) days pay calculated at the current rate. For the purpose of this section, retirement shall be deemed permissible at the age of fifty (50).

Appears in 2 contracts

Samples: Collective Agreement, Collective Agreement

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Retirement Pay. An employee with at least eight (8) years of continuous service shall, upon retirement, death while in the employ of the Board, or termination due to medical reasons, be entitled to receive forty (40) days days' pay calculated at the current rate. For the purpose of this section, retirement shall be deemed permissible at the age of fifty (50).

Appears in 2 contracts

Samples: Collective Agreement, Collective Agreement

Retirement Pay. An employee Employee with at least eight (8) years of continuous service shall, upon retirement, termination due to medical reasons, or death while in the employ of the Board, or termination due to medical reasons, be entitled to receive forty eight (40) days 8) weeks pay calculated at the current rate. For the purpose of this sectionSection, retirement shall be deemed permissible at the age of fifty (50).

Appears in 2 contracts

Samples: Collective Agreement, Collective Agreement

Retirement Pay. An employee with at least eight (8) years of continuous service shall, upon retirement, death while in the employ of the Board, or termination due to medical reasons, be entitled to receive forty (40) days days' pay calculated at the current rate. For the purpose of this section, retirement shall be deemed permissible at the age of fifty (50)fifty.

Appears in 1 contract

Samples: Collective Agreement

Retirement Pay. An employee with at least eight five (8) 5) years of continuous service shall, upon retirement, death while in the employ of the Board, or termination due to medical reasons, be entitled to receive forty sixty (4060) days pay calculated at the current rate. For the purpose of this section, retirement shall be deemed permissible at the age of fifty sixty (5060).

Appears in 1 contract

Samples: Collective Agreement

Retirement Pay. An employee with at least eight (8) years of continuous service shall, upon retirement, termination due to medical reasons, or death while in the employ of the Board, or termination due to medical reasons, be entitled to receive forty eight (40) days 8) weeks pay calculated at the current rate. For the purpose of this sectionSection, retirement shall be deemed permissible at the age of fifty (50).

Appears in 1 contract

Samples: Collective Agreement

Retirement Pay. An employee with at least eight (8) years of continuous service shall, upon retirement, death while in the employ of the Board, or termination due to medical reasons, be entitled to receive forty (40) days 40)days pay calculated at the current rate. For the purpose of this section, retirement shall be deemed permissible at the age of fifty (50).

Appears in 1 contract

Samples: Collective Agreement

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Retirement Pay. An employee with at least eight (8) five years of continuous service shall, upon retirement, death while in the employ of the Board, or termination due to medical reasons, be entitled to receive forty (40) days sixty days' pay calculated at the current rate. For the purpose of this section, retirement shall be deemed permissible at the age of fifty (50)sixty.

Appears in 1 contract

Samples: Collective Agreement

Retirement Pay. An employee with at least eight five (8) 5) years of continuous service shall, upon retirement, death while in the employ of the Board, or termination due to medical reasons, be entitled to receive forty sixty (4060) days days' pay calculated at the current rate. For the purpose of this section, retirement shall be deemed permissible at the age of fifty sixty (5060).

Appears in 1 contract

Samples: Collective Agreement

Retirement Pay. An employee with at least eight (8) years of continuous service shall, upon retirement, death while in the employ of the Board, or termination due to medical reasons, be entitled to receive forty (40) days days' pay calculated at the current rate. For the purpose of this section, retirement shall be deemed permissible at the age of fifty (50).

Appears in 1 contract

Samples: Collective Agreement

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