Vacation - Retirement Sample Clauses

Vacation - Retirement. For a custodian or custodian-bus driver with five (5) or more years of continuous experience but less than six (6) years and who plans to retire, the third week of vacation shall be granted to him/her at the conclusion of his/her final year of employment.
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Vacation - Retirement. Employees aged fifty (50) and over, who are thus fifteen (15) years or less the normal retirement age of may bank one week each fiscal year toward a vacation (with the Supervisor's approval). Used in conjunction with vacation carry-over (Article vacation entitlement could be used as follows: three weeks vacation four weeks vacation five weeks vacation six weeks vacation must take two; may carry-over or bank one must take three; may carry-over or bank one must take three; may carry-over two or carry-over one and bank one must take four; may carry-over two or carry-over one and bank one Once banked, vacation credits are held until they are taken before the normal retirement date. Should an employee terminate earlier for any reason, banked vacation would be paid in a lump Service for the purpose of vacation entitlement shall not accrue when an employee is on an unpaid absence (including Long Term Disability) for a period exceeding one (1) year. Vacation entitlement during the one (1) year period shall be taken as per the Letter of Intent Re: Annual Vacation, or paid out at the end of the one (1) year absence.
Vacation - Retirement. Employees aged (50) and over, who are thus fifteen (15) years or less from the normal retirement age of may bank one week each fiscal year toward a vacation (with the Supervisor's approval). Used in conjunction with vacation (Article vacation entitlement could be used as follows: three weeks vacation four weeks vacation five weeks vacation six weeks vacation must take two; may or bank one must take three; may or bank one must take three; may two or one and bank one must take four; may two or one and bank one Once banked, vacation credits are held until they are taken immediately before the normal retirement date. Should an employee terminate earlier for any reason, banked vacation would be paid in a lump sum. Service for the purpose of vacation entitlement shall not accrue when an employee is on an unpaid absence (including Long Term Disability) for a period exceeding one (1) year. Vacation entitlement during the one (1) year period shall be taken as per the Letter of Intent Re: Annual Vacation.
Vacation - Retirement. All Full-time employees will accumulate vacation pay and vacation leave at the following rate:

Related to Vacation - Retirement

  • Normal Retirement Normal Retirement Age under the Plan is: (Choose (a) or (b)) [X] (a) 65 [State age, but may not exceed age 65].

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