SERVICE GRATUITY Sample Clauses
The Service Gratuity clause defines the conditions under which an employee is entitled to receive a lump-sum payment upon the termination of their employment, typically as a reward for long service. This clause outlines eligibility criteria, such as minimum years of service, and details the method for calculating the gratuity amount, often based on the employee’s last drawn salary and length of service. Its core function is to provide financial recognition for long-term employees, ensuring they receive a fair benefit upon leaving the organization and promoting loyalty and retention.
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SERVICE GRATUITY. 39.1.1 A Member hired on contract on or after September 1, 1998, will be entitled to benefit from the following plan, subject to the terms described below:
a) A Member will upon successful completion of their probationary period, be enrolled in the Service Gratuity Plan.
b) The Service Gratuity Plan will generate a one-time Service Gratuity payment of $5,500.00 which will be paid to the Member in the first month of the member’s eleventh (11) continuous year of employment.
c) In order to qualify for a Service Gratuity, the member’s last period of ten (10) years continuous employment must have commenced on or after September 1, 1998, and the Member must remain in the employ of the Board, for an additional four months past the 10th anniversary of the date the teacher became a probationary Member under this Collective Agreement.
d) When a permanent contract is terminated, for any reason, and the Member has less than ten
SERVICE GRATUITY. 30.01.01 Each member, upon leaving the service of the Federation after five (5) or more years, shall be granted a gratuity that is equal to the unexpended portion of accumulated sick leave days up to a maximum of two hundred and forty (240) days and a maximum of fifty per cent (50%) of salary received in the last twelve (12) months of employment with Federation.
30.01.02 A member who elects to change from full-time to part-time employment in the last year of employment with the Federation, shall have salary treated as the last twelve (12) months annualized for purposes of calculating the service gratuity.
30.01.03 A member who takes an unpaid leave in the last year of employment with the Federation shall have the member’s service gratuity calculated using the salary the member would have received had they not been on leave.
SERVICE GRATUITY. 18:04:01 Upon retirement each E.A. not on the S.T.D. plan shall be granted a gratuity for a period equal to the unexpended portion of accrued sick leave credits in accordance with the following formula. In no case shall the years of service exceed 30 years and the days credit in the reserve exceed 240 days. Formula: NY x 50 x S x DR 30 x 100 x 240 Definition of symbols used in the formula: NY - Number of years served with the Lakehead District School Board or its constituent boards prior to amalgamation. DR - Number of days remaining in the Cumulative Sick Leave Bank at time of retirement.
SERVICE GRATUITY. A member hired on contract on or after September 1, 1998, will be entitled to benefit from the following plan, subject to the terms described below:
a) A member will upon successful completion of his/her probationary period, be enrolled in the Service Gratuity Plan.
b) The Service Gratuity Plan will generate a one-time service gratuity payment of $5,500.00 which may be deposited into an RRSP in the member’s name and at the member’s discretion and will be paid in the month following ten (10) years of continuous employment..
c) In order to qualify for a service gratuity the member’s last period of ten
SERVICE GRATUITY. A Member hired on contract on or after September 1, 1998, will be entitled to benefit from the following plan, subject to the terms described below:
SERVICE GRATUITY. Upon retirement each employee shall be entitled to a service gratuity in with Board Policy. (Retirement means the act of ceasing to be employed by the Board upon becoming eligible for and accepting a pension.) In the event of an employee dying during his period of employment with the Board, paymentsof a servicegratuity shall be made by the Boardto the personal representative or the estate of the said employee in accordance with Board Policy.
SERVICE GRATUITY. The Company agrees to pay a gratuity of fifteen percent (15%) of the Company’s cost of the item being delivered as a to the employee making the delivery. The cost of such items has been by the Company. There shall be an automatic gratuity in the amount of fifteen percent (15%) added to the total of all goods and services delivered by Room Service. The entire amount of the gratuity shall be paid to the employee making the delivery. Room Attendants shall receive per day for each cot they required to service.
SERVICE GRATUITY. A member hired on contract on or after September 1, 1998, will be entitled to benefit from the following plan, subject to the terms described below:
a) A member will upon successful completion of his/her probationary period, be enrolled in the Service Gratuity Plan.
b) The Service Gratuity Plan will generate a one-time service gratuity payment of $5,500.00 which may be deposited into an RRSP in the member’s name and at the member’s discretion and will be paid in the month following ten (10) years of continuous employment..
c) In order to qualify for a service gratuity the member’s last period of ten (10) years continuous employment must have commenced on or after September 1, 1998.
d) When a member resigns or is terminated, and the member has less than ten (10) years continuous employment, the Board shall cancel the member’s enrolment in the Service Gratuity Plan and the member shall have no entitlement under this plan.
SERVICE GRATUITY. 23.1 At the time of retirement or resignation from the Board, employees shal receive a gratuity based upon the following formula: After ten (10) years’ continuous service - one (1) month’ s salary in effect at that time. After fifteen (15) years’ continuous service - two (2) months’ salary in effect at that time. After twenty (20) years’ continuous service - three (3) months’ salary in effect at that time.
23.2 Employees who relinquish a position within the Professional Support Staff for alternate employment with the Board for any reason shall retain limited rights to access provisions of this Article. The service recognized shall be that accumulated prior to accepting a position outside the Professional Support Staff and the salary shal be that at the time of retirement. Should the terms and conditions of employment applicable to the posi tion the individual occupies at the time of reti rement provide for a service gratuity recognizing the above referred to service, no benefits shall be payable under this provision.
SERVICE GRATUITY. Clause 23.1 change From: At the time of retirement or resignation from the Board, employees shall receive a gratuity based upon the following formula: After ten (10) years’ continuous service - one (1) month’s salary in effect at that time. After fifteen (15) years’ continuous service - two (2) months’ salary in effect at that time.