SICK LEAVE GRATUITY PLAN. 24.01 (a) The Board shall pay to each teacher upon retirement, as defined in Article 24.01(h) or to a teacher's estate in the event of the teacher's death, a gratuity based on the unexpended portion of the teacher's sick leave credits accumulated with the Board and computed in accordance with the following formulae: Years of service with the Board % of Sick Leave Credits x 1/200 of annual salary
Appears in 3 contracts
Samples: Collective Agreement, Collective Agreement, Collective Agreement
SICK LEAVE GRATUITY PLAN. 24.01 27.01 (a) The Board shall pay to each teacher upon retirement, as defined in Article 24.01(h27.01(h) or to a teacher's estate in the event of the teacher's death, a gratuity based on the unexpended portion of the teacher's sick leave credits accumulated with the Board and computed in accordance with the following formulae: Years 1 year of service with the Board 1 % of Sick Leave Credits S/L credits x 1/200 of Of annual salarySalary 2 " 2 " " " 3 " 3 " " "
Appears in 3 contracts
Samples: Collective Agreement, Collective Agreement, Collective Agreement
SICK LEAVE GRATUITY PLAN. 24.01 27.01 (a) The Board shall pay to each teacher upon retirementwho retires on a superannuation or disability allowance pursuant to Teachers' Pension Act, as defined in Article 24.01(h) or to a teacher's estate in the event of the teacher's death, a gratuity based on the unexpended portion of the teacher's sick leave credits accumulated with the Board and computed in accordance with the following formulae: Years 1 year of service with the Board 1 % of Sick Leave Credits S/L credits x 1/200 of Of annual salarySalary 2 " 2 " " " 3 " 3 " " "
Appears in 1 contract
Samples: Collective Agreement