Example of Calculation. 30.12.01 A member with ten (10) years’ service, whose salary was $100,000 and who had more than two hundred and forty (240) accumulated sick leave days: $100,000 x 1/240 x 240 x 50% = $50,000 30.13.01 The amount of gratuity shall not exceed one-half of the salary which the member concerned received in the last twelve (12) months of employment with Federation. 30.13.02 A member who works part-time in the last year of employment with the Federation, shall have salary in the last twelve (12) months annualized for purposes of calculating the service gratuity. 30.13.03 A member who takes a leave in the last year of employment with the Federation shall have the member’s service gratuity calculated using the salary the member would have received had the member not been on leave.
Appears in 2 contracts
Sources: Collective Agreement, Collective Agreement