Vacation on Retirement Sample Clauses

Vacation on Retirement. Employees leaving the Employer on or after age sixty-five (65), or at anytime following the completion of thirty-five (35) years of service, shall be entitled in the fiscal year of retirement to three (3), four (4), five (5) or six (6) weeks vacation leave or pay in lieu thereof.
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Vacation on Retirement. On retirement, an employee shall be entitled to the same vacation or vacation pay which would have been earned if the employee had continued in employment to the end of the fiscal year.
Vacation on Retirement. (a) Employees retiring from the service of the Association are entitled to vacation as follows:
Vacation on Retirement. Effective January 1, 2020 (the first day of the vacation year of the first vacation year after the new collective agreement takes effect), the vacation in the final year on retirement of an employee will be on a pro-rated basis.
Vacation on Retirement. Effective November 1, 2018, the vacation in the final year on retirement of an employee will be on a prorated basis.

Related to Vacation on Retirement

  • Post-Retirement Benefits The present value of the expected cost of post-retirement medical and insurance benefits payable by the Borrower and its Subsidiaries to its employees and former employees, as estimated by the Borrower in accordance with procedures and assumptions deemed reasonable by the Required Lenders is zero.

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