Common use of Retirement Pay Clause in Contracts

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, be entitled to receive eight (8) weeks 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 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 eight forty (8) weeks 40) days 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 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 eight forty (8) weeks 40) days' 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 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 eight forty (8) weeks 40) days' 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 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 eight (8) weeks forty days' pay calculated at the current rate. For the purpose of this Sectionsection, retirement shall be deemed permissible at the age of fifty (50)fifty.

Appears in 1 contract

Samples: Collective Agreement

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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 eight forty (8) weeks 40)days 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 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, be entitled to receive eight (8) weeks 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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