Sick Leave Gratuity. a) This plan shall apply to all full-time and permanent part-time Teachers employed by the Board. b) A Teacher who has served with the Huron-Perth Catholic District School Board or its predecessor board for twelve (12) consecutive years and who has applied for a pension or commuted value under the provision of the Teachers' Pension Act, shall be entitled to a sick-leave gratuity on retirement. c) The amount of the gratuity shall be calculated as follows: N x S 200 x 5 - where N is the number of unused accumulated sick-leave credit days at the time of separation from the Board (maximum 200 days), and S is the final rate of salary at the date of separation from the Board. d) The sick-leave gratuity will be paid following retirement in the following manner as requested by the Teacher i) one payment ii) four equal yearly payments e) In the event that a Teacher dies after retirement but before having received the full sick-leave gratuity, the balance of any such gratuity shall be paid to the Estate of the Teacher. f) In the event of death of a Teacher with a minimum of twelve (12) consecutive years employment with the Board or its predecessor board prior to retirement, and where death occurs before retirement, the benefits of this plan shall be paid to the Teacher's estate.
Appears in 1 contract
Samples: Collective Agreement
Sick Leave Gratuity. a) This plan shall apply to all full-time and permanent part-time Teachers employed by the Board.
b) A Teacher who has served with the Huron-Perth Catholic District School Board or its predecessor board for twelve (12) consecutive years and who has applied for a pension or commuted value under the provision of the Teachers' Pension Act’ Pension, shall be entitled to a sick-leave gratuity on retirement.
c) The amount of the gratuity shall be calculated as follows: N x S 200 x 5 - where N is the number of unused accumulated sick-leave credit days at the time of separation from the Board (maximum 200 days), and S is the final rate of salary at the date of separation from the Board.
d) The sick-leave gratuity will be paid following retirement in the following manner as requested by the Teacher
i) one payment
ii) four equal yearly payments
e) In the event that a Teacher dies after retirement but before having received the full sick-leave gratuity, the balance of any such gratuity shall be paid to the Estate of the Teacher.
f) In the event of death of a Teacher with a minimum of twelve (12) consecutive years employment with the Board or its predecessor board prior to retirement, and where death occurs before retirement, the benefits of this plan shall be paid to the Teacher's estate.
Appears in 1 contract
Samples: Collective Bargaining Agreement
Sick Leave Gratuity. a) This plan shall apply to all full-time and permanent part-time Teachers employed by the Board.
b) A Teacher who has served with the Huron-Perth Catholic District School Board or its predecessor board for twelve (12) consecutive years and who has applied for a pension or commuted value under the provision of the Teachers' Pension Act, shall be entitled to a sick-leave gratuity on retirement.
c) The amount of the gratuity shall be calculated as follows: N x S 200 x 5 - where N is the number of unused accumulated sick-leave credit days at the time of separation from the Board (maximum 200 days), and S is the final rate of salary at the date of separation from the Board.
d) The sick-leave gratuity will be paid following retirement in the following manner as requested by the Teacher
i) one payment
ii) four equal yearly payments
e) In the event that a Teacher dies after retirement but before having received the full sick-leave gratuity, the balance of any such gratuity shall be paid to the Estate of the Teacher.
f) In the event of death of a Teacher with a minimum of twelve (12) consecutive years full-time employment with the Board or its predecessor board prior to retirement, and where death occurs before retirement, the benefits of this plan shall be paid to the Teacher's estate.
Appears in 1 contract
Samples: Collective Agreement
Sick Leave Gratuity. a) This plan shall apply to all full-time and permanent part-time Teachers employed by the Board.
b) A Teacher who has served with the Huron-Perth Catholic District School Board or its predecessor board for twelve (12) consecutive years and who has applied for a pension or commuted value under the provision of the Teachers' Pension Act, shall be entitled to a sick-leave gratuity on retirement.
c) The amount of the gratuity shall be calculated as follows: N x S 200 x 5 - where Where N is the number of unused accumulated sick-leave credit days at the time of separation from the Board (maximum 200 days), and S is the final rate of salary at the date of separation from the Board.
d) The sick-leave gratuity will be paid following retirement in the following manner as requested by the Teacher
i) one payment
ii) four equal yearly payments
e) In the event that a Teacher dies after retirement but before having received the full sick-leave gratuity, the balance of any such gratuity shall be paid to the Estate of the Teacher.
f) In the event of death of a Teacher with a minimum of twelve (12) consecutive years employment with the Board or its predecessor board prior to retirement, and where death occurs before retirement, the benefits of this plan shall be paid to the Teacher's estate.
Appears in 1 contract
Samples: Collective Agreement
Sick Leave Gratuity. a) This plan shall apply to all full-time and permanent part-time Teachers employed by the Board.
b) A Teacher who has served with the Huron-Perth Catholic District School Board or its predecessor board for twelve (12) consecutive years and who has applied for a pension or commuted value under the provision of the Teachers' Pension Act’ Pension, shall be entitled to a sick-sick- leave gratuity on retirement.
c) The amount of the gratuity shall be calculated as follows: N x S 200 x 5 - where N is the number of unused accumulated sick-sick- leave credit days at the time of separation from the Board (maximum 200 days), and S is the final rate of salary at the date of separation from the Board.
d) The sick-leave gratuity will be paid following retirement in the following manner as requested by the Teacher
i) one payment
ii) four equal yearly payments
e) In the event that a Teacher dies after retirement but before having received the full sick-leave gratuity, the balance of any such gratuity shall be paid to the Estate of the Teacher.
f) In the event of death of a Teacher with a minimum of twelve (12) consecutive years employment with the Board or its predecessor board prior to retirement, and where death occurs before retirement, the benefits of this plan shall be paid to the Teacher's estate.
Appears in 1 contract
Samples: Collective Agreement
Sick Leave Gratuity. a) This plan shall apply to all full-time and permanent part-time Teachers employed by the Board.
b) A Teacher who has served with the Huron-Perth Catholic District School Board or its predecessor board for twelve (12) consecutive years and who has applied for a pension or commuted value under the provision of the Teachers' Pension Act, shall be entitled to a sick-leave gratuity on retirement.
c) The amount of the gratuity shall be calculated as follows: N x S 200 x 5 - where N is the number of unused accumulated sick-leave credit days at the time of separation from the Board (maximum 200 days), and S is the final rate of salary at the date of separation from the Board.
d) The sick-leave gratuity will be paid following retirement in the following manner as requested by the Teacher
i) one payment
ii) four equal yearly payments
e) In the event that a Teacher dies after retirement but before having received the full sick-leave gratuity, the balance of any such gratuity shall be paid to the Estate of the Teacher.
f) In the event of death of a Teacher with a minimum of twelve (12) consecutive years employment with the Board or its predecessor board prior to retirement, and where death occurs before retirement, the benefits of this plan shall be paid to the Teacher's estate.
Appears in 1 contract
Samples: Collective Agreement