Service Severance Pay. It is agreed and understood that "Service Severance Pay" shall be paid to employees of the Corporation on the following basis: (a) Employees leaving the service of the Corporation other than on retirement and who have completed ten (10) years of service or more shall be paid two (2) days for each year of service. (b) Employees retiring from the service of the Corporation shall be paid at the rate of four
Appears in 3 contracts
Sources: Collective Agreement, Collective Agreement, Collective Agreement
Service Severance Pay. It is agreed and understood that "Service Severance Pay" shall be paid to eligible employees of the Corporation Employer on the following basis:
(a) Employees leaving the service of the Corporation Employer other than on retirement and who have completed ten (10) years of service or more shall be paid two (2) days for each year of service.
(b) Employees retiring from the service of the Corporation Employer shall be paid at the rate of fourfour (4) working days for each year of service with the Employer.
(c) For the purpose of Service Severance Pay, the following definitions shall apply:
Appears in 3 contracts
Sources: Collective Agreement, Collective Agreement, Collective Agreement
Service Severance Pay. It is agreed and understood that "Service Severance Pay" shall be paid to employees of the Corporation on the following basis:
(a) Employees leaving the service of the Corporation Corporation, other than on retirement retirement, and who have completed ten (10) years of service or more more, shall be paid two (2) days days' pay for each year of service.
(b) Employees retiring from the service of the Corporation shall be paid at the rate of fourfour (4) days' pay for each year of service with the Corporation.
(c) For the purpose of Service Severance Pay, the following definitions shall apply:
Appears in 3 contracts
Sources: Collective Agreement, Collective Agreement, Collective Agreement
Service Severance Pay. It is agreed and understood that "Service Severance Pay" shall be paid to employees of the Corporation Board on the following basis:
(a) Employees leaving the service of the Corporation Board, other than on retirement retirement, and who have completed ten (10) years of service or more more, shall be paid two (2) days days' pay for each year of service.
(b) Employees retiring from the service of the Corporation Board shall be paid at the rate of four
Appears in 1 contract
Sources: Collective Agreement
Service Severance Pay. It is agreed and understood that "Service Severance Pay" shall be paid to employees of the Corporation Employer on the following basis:
(a) Employees leaving the service of the Corporation Employer, other than on retirement retirement, and who have completed ten (10) years of service or more more, shall be paid two (2) days days' pay for each year of service.
(b) Employees retiring from the service of the Corporation Employer shall be paid at the rate of four
Appears in 1 contract
Sources: Collective Agreement
Service Severance Pay. It is agreed and understood that "Service Severance Pay" shall be paid to employees of the Corporation on the following basis:
(a) Employees leaving the service of the Corporation other than on retirement and who have completed ten (10) years of service or more shall be paid two (2) days for each year of service.
(b) Employees retiring from the service of the Corporation shall be paid at the rate of fourfour (4) working days for each year of service with the Corporation.
(c) For the purpose of Service Severance Pay, the following definitions shall apply:
Appears in 1 contract
Sources: Collective Agreement