Common use of Grant in Lieu of Retiring Leave Clause in Contracts

Grant in Lieu of Retiring Leave. F6.6.1 All Employees eligible for retiring leave may accept, instead of any period of retiring leave to which they are entitled (less any retiring leave already taken in anticipation as part of the phased retirement), a lump sum gratuity equivalent in value to that leave. Payment shall be made in one gross sum on the date of retirement. Payment will be pro-rated for part time Employees to reflect their hours of work.

Appears in 8 contracts

Samples: Employment Agreement, Employment Agreement, cpb-ap-se2.wpmucdn.com

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Grant in Lieu of Retiring Leave. F6.6.1 G6.6.1 All Employees employees eligible for retiring leave may accept, instead of any period of retiring leave to which they are entitled (less any retiring leave already taken in anticipation as part of the phased retirementanticipation), a lump sum gratuity equivalent in value to that leave. Payment shall be made in one gross sum on the date of retirement. Payment will be pro-rated for part time Employees to reflect their hours of work.

Appears in 4 contracts

Samples: Professional Staff Collective Agreement, Professional Staff Collective Agreement, Collective Agreement

Grant in Lieu of Retiring Leave. F6.6.1 F7.6.1 All Employees eligible for retiring leave may accept, instead of any period of retiring leave to which they are entitled (less any retiring leave already taken in anticipation as part of the phased retirement), a lump sum gratuity equivalent in value to that leave. Payment shall be made in one gross sum on the date of retirement. Payment will be pro-rated for part time Employees to reflect their hours of work.

Appears in 2 contracts

Samples: bpb-ap-se2.wpmucdn.com, bpb-ap-se2.wpmucdn.com

Grant in Lieu of Retiring Leave. F6.6.1 G7.6.1 All Employees eligible for retiring leave may accept, instead of any period of retiring leave to which they are entitled (less any retiring leave already taken in anticipation as part of the phased retirement), a lump sum gratuity equivalent in value to that leave. Payment shall be made in one gross sum on the date of retirement. Payment will be pro-rated for part time Employees to reflect their hours of work.

Appears in 2 contracts

Samples: bpb-ap-se2.wpmucdn.com, bpb-ap-se2.wpmucdn.com

Grant in Lieu of Retiring Leave. F6.6.1 G 7 .6.1 All Employees employees eligible for retiring leave may accept, instead of any period of retiring leave to which they are entitled (less any retiring leave already taken in anticipation as part of the phased retirementanticipation), a lump sum gratuity equivalent in value to that leave. Payment shall be made in one gross sum on the date of retirement. Payment will be pro-rated for part time Employees to reflect their hours of work.

Appears in 1 contract

Samples: Collective Agreement

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Grant in Lieu of Retiring Leave. F6.6.1 G7.5.1 All Employees employees eligible for retiring leave may accept, instead of any period of retiring leave to which they are entitled (less any retiring leave already taken in anticipation as part of the phased retirementanticipation), a lump sum gratuity equivalent in value to that leave. Payment shall be made in one gross sum on the date of retirement. Payment will be pro-rated for part time Employees to reflect their hours of work.

Appears in 1 contract

Samples: Early Childhood Educators Collective Agreement

Grant in Lieu of Retiring Leave. F6.6.1 G 7.6.1 All Employees employees eligible for retiring leave may accept, instead of any period of retiring leave to which they are entitled (less any retiring leave already taken in anticipation as part of the phased retirementanticipation), a lump sum gratuity equivalent in value to that leave. Payment shall be made in one gross sum on the date of retirement. Payment will be pro-rated for part time Employees to reflect their hours of work.

Appears in 1 contract

Samples: Collective Agreement

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