Voluntary Resignation Before Retirement Sample Clauses

Voluntary Resignation Before Retirement. An employee who has ten (10) or more years of continuous service and who voluntarily resigns will be paid, subject to Article 18.05, an amount equal to one-half week's pay for each completed year of continuous service, less any period in respect of which the employee was previously granted termination compensation, up to a maximum of fifteen (15) weeks' pay.
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Voluntary Resignation Before Retirement. An employee who is under age 55, has ten or more years of continuous service and who voluntarily resigns will be granted termination compensation equal to one-half week's pay for each completed year of continuous service at November 1, 1996 (less any period in respect of which termination compensation, retiring leave or a cash gratuity has previously been granted) up to a maximum of 15 weeks' pay. The rate of pay for the purpose of this benefit will be the employee's rate of pay at November 1, 1996. For Theratronics employees (former Local 70106), the rate of pay for the purposes of this benefit will be the employee’s rate of pay at March 31, 1999.
Voluntary Resignation Before Retirement. Employees hired on or before March who voluntarily resign with ten or more years of continuous service will be granted severance compensation equal to week’s pay for each completed year of continuous service (less any period in respect of which severance compensation, retiring leave or a cash gratuity has previously been granted) up to a maximum of weeks’ pay. Employees hired on or after April are not eligible for this benefit.
Voluntary Resignation Before Retirement. Retirement Article Performance Appraisal Article Duration and Amendment of Agreement Classification Grouping and Rate Schedule Appendix “A” Vacation Plan Appendix Vacation Credits in First Year of Employment Appendix Authorized Travel Allowance During Outside Assignments Appendix Trade Apprentice Rates (Section and 2) Apprentice Table Supplementary Letter 1) Leave of Absence Without Pay
Voluntary Resignation Before Retirement. Any employee who has or more years of continuous service will be paid, subject to an amount equal to week's pay for each completed year's service, less any period of service in respect of which was previously granted termination compensation, to a maximum of weeks' pay. Re t Compensation on retirement will be on the following basis, and other regulations will be as specified in the relevant Company procedure (currently 271.2): an employee who on termination is entitled to an immediate annuity, or who has attained the age of and is entitled to an immediate annual allowance, under the Public Service Superannuation Act, will be paid an amount equal to week's pay for each completed year of continuous service, less any period of service in respect of which was previously granted termination compensation, up to a maximum of weeks' pay. Vacation Credit Xxxx t On termination, an employee will be compensated for all vacation leave earned but not used and all leave in excess of that earned will be recovered. However, if the termination is due to death, disability or layoff and if the employee has used more vacation, sick or special leave than has earned, then the amount used will be considered earned.
Voluntary Resignation Before Retirement. Retirement Article Performance Appraisal Article Duration and Amendment of Agreement Signatures to the Collective Agreement Extract Appendix " A" Classification Grouping and Schedule Appendix Vacation Plan Appendix Supplementary Letter

Related to Voluntary Resignation Before Retirement

  • Voluntary Resignation (2) Discharge for just cause.

  • Pre-Retirement Leave (a) An employee, who is scheduled to retire and to receive a superannuation allowance under the Pension (Public Service) Act, or who has reached the mandatory retiring age, shall be entitled to:

  • Voluntary Termination Executive may voluntarily terminate Executive’s employment for any reason upon 30 days’ prior written notice. In such event, after the effective date of such termination, except as provided in Section 2.2 with respect to a resignation for Good Reason, no further payments shall be due under this Agreement, except that Executive shall be entitled to any benefits accrued in accordance with the terms of any applicable benefit plans and programs of the Company.

  • Disability Retirement If, as a result of your incapacity due to physical or mental illness, You shall have been absent from the full-time performance of your duties with the Company for 6 consecutive months, and within 30 days after written notice of termination is given You shall not have returned to the full-time performance of your duties, your employment may be terminated for "Disability." Termination of your employment by the Company or You due to your "Retirement" shall mean termination in accordance with the Company's retirement policy, including early retirement, generally applicable to its salaried employees or in accordance with any retirement arrangement established with your consent with respect to You.

  • Mandatory Retirement Retirement shall be mandatory only to the extent required by law.

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