Common use of VACATION PAY ON RETIREMENT OR ON SEPARATION FROM SERVICE Clause in Contracts

VACATION PAY ON RETIREMENT OR ON SEPARATION FROM SERVICE. 13.01 A nurse who separates or retires under the Ontario Municipal Employees Retirement System shall be paid vacation pay on the basis of the following: Vacation Qualification Vacation Pay 28 years 14.00% 20 years 12.00% 12 years 10.00% 3 years 08.00% 1 year 06.00% Effective April 1, 2022: Vacation Qualification Vacation Pay 28 years 14.00% 20 years 12.00% 11 years 10.00% 3 years 08.00% 1 year 06.00% Nurses employed on the date of ratification shall continue to earn vacation at the rates set out in the 1998-2001 Collective Agreement until such time as this Collective Agreement provides a vacation benefit equal or greater to the 1998- 2001 Collective Agreement (see Appendix A).

VACATION PAY ON RETIREMENT OR ON SEPARATION FROM SERVICE. 13.01 A nurse who separates or retires under the Ontario Municipal Employees Retirement System shall be paid vacation pay on the basis of the following: Vacation Qualification Vacation Pay 28 years 14.00% 20 21 years 12.00% 12 years 10.00% 3 years 08.00% 1 year 06.00% Effective April 1, 2022: Vacation Qualification Vacation Pay 28 years 14.00% 20 years 12.00% 11 13 years 10.00% 3 years 08.00% 1 year 06.00% Nurses employed on the date of ratification shall continue to earn vacation at the rates set out in the 1998-2001 Collective Agreement until such time as this Collective Agreement provides a vacation benefit equal or greater to the 1998- 1998-2001 Collective Agreement (see Appendix A).

VACATION PAY ON RETIREMENT OR ON SEPARATION FROM SERVICE. 13.01 A nurse who separates or retires under the Ontario Municipal Employees Retirement System shall be paid vacation pay on the basis of the following: Vacation Qualification Vacation Pay 28 30 years 14.00% 20 22 years 12.00% 12 14 years 10.00% 3 years 08.00% 1 year 06.00% Effective April 1, 2022: Vacation Qualification Vacation Pay 28 years 14.00% 20 years 12.00% 11 years 10.00% 3 years 08.00% 1 year 06.00% Nurses Employees employed on the date of ratification shall continue to earn vacation at the rates set out in the 1998-2001 Collective Agreement until such time as this Collective Agreement provides a vacation benefit equal or greater to the 1998- 1998-2001 Collective Agreement (see Appendix A).

VACATION PAY ON RETIREMENT OR ON SEPARATION FROM SERVICE. 13.01 A nurse who separates or retires under the Ontario Municipal Employees Retirement System shall be paid vacation pay on the basis of the following: Vacation Qualification Vacation Pay 28 years 14.00% 20 years 12.00% 12 years 10.00% 3 years 08.00% 1 year 06.00% Effective April 1, 2022: Vacation Qualification Vacation Pay 28 years 14.00% 20 years 12.00% 11 years 10.00% 3 years 08.00% 1 year 06.00% Nurses employed on the date of ratification shall continue to earn vacation at the rates set out in the 1998-2001 Collective Agreement until such time as this Collective Agreement provides a vacation benefit equal or greater to the 1998- 2001 Collective Agreement (see Appendix A).

VACATION PAY ON RETIREMENT OR ON SEPARATION FROM SERVICE. 13.01 A nurse who separates or retires under the Ontario Municipal Employees Retirement System shall be paid vacation pay on the basis of the following: Vacation Qualification Vacation Pay 28 years 14.00% 20 21 years 12.00% 12 years 10.00% 3 years 08.00% 1 year 06.00% Effective April 1, 2022: Vacation Qualification Vacation Pay 28 years 14.00% 20 years 12.00% 11 13 years 10.00% 3 years 08.00% 1 year 06.00% Nurses employed on the date of ratification shall continue to earn vacation at the rates set out in the 1998-2001 Collective Agreement until such time as this Collective Agreement provides a vacation benefit equal or greater to the 1998- 2001 Collective Agreement (see Appendix A).