Common use of Gratuity Plan Clause in Contracts

Gratuity Plan. (a) Effective April 1, 1999 current Employees shall qualify for Gratuity Plan credits based on twelve percent (12%) of unused annual banked Sick Leave per calendar year. Previous credits earned will not be affected by this change. Effective April 1, 1999, new Employees shall qualify for Gratuity Plan credits based on the following: • 0% of unused annual banked Sick Leave for the first (1st) year; • 5% of unused annual banked Sick Leave for the second (2nd) year; • 12% of unused annual banked Sick Leave for the third (3rd) year and beyond. Gratuity Credits can be withdrawn in whole or in part after five (5) years of continuous service in cash or, on approval of the Director of Library Services, as additional vacation. Gratuity credits can be accumulated to a maximum total of 120 days. (b) Payment of the Gratuity in cash shall be computed at the time of withdrawal as follows:

Appears in 2 contracts

Sources: Collective Agreement, Collective Agreement

Gratuity Plan. (a) Effective April 1, 1999 1999, current Employees shall qualify for Gratuity Plan credits based on twelve percent (12%) of unused annual banked Sick Leave sick leave per calendar year. Previous credits earned will not be affected by this change. Effective April 1, 1999, 1999 new Employees shall qualify for Gratuity Plan credits based on the following: • 0% of unused annual banked Sick Leave for the first (1st) year; • 5% of unused annual banked Sick Leave for the second (2nd) year; • 12% of unused annual banked Sick Leave for the third (3rd) year and beyond. Gratuity Credits can The credits may be accumulated to a maximum total accumulation of one hundred and twenty (120) days, and may be withdrawn in whole or in part after five (5) years of continuous service service, in cash orcash, or on approval of the Director of Library ServicesDepartment Head, as additional vacation. Gratuity credits can be accumulated to a maximum total of 120 days. (b) Payment of the Gratuity gratuity in cash shall be computed at the time of withdrawal as follows:: Gratuity hours withdrawn x current hourly rate

Appears in 2 contracts

Sources: Collective Agreement, Collective Agreement

Gratuity Plan. (a) Effective April 1, 1999 1999, current Employees shall qualify for Gratuity Plan credits based on twelve percent (12%) of unused annual banked Sick Leave sick leave per calendar year. Previous credits earned will not be affected by this change. Effective April 1, 1999, 1999 new Employees shall qualify for Gratuity Plan credits based on the following: • 0% of unused annual banked Sick Leave for the first (1st) year; • 5% of unused annual banked Sick Leave for the second (2nd) year; • 12% of unused annual banked Sick Leave for the third (3rd) year and beyond. Gratuity Credits can The credits may be accumulated to a maximum total accumulation of One Hundred and Twenty (120) days, and may be withdrawn in whole or in part after five (5) years of continuous service service, in cash orcash, or on approval of the Director of Library ServicesDepartment Head, as additional vacation. Gratuity credits can be accumulated to a maximum total of 120 days. (b) Payment of the Gratuity gratuity in cash shall be computed at the time of withdrawal as follows:

Appears in 1 contract

Sources: Collective Agreement

Gratuity Plan. (a) Effective April 1, 1999 1999, current Employees shall qualify for Gratuity Plan credits based on twelve percent (12%) of unused annual banked Sick Leave per calendar year. Previous credits earned will not be affected by this change. Effective April 1, 1999, new Employees shall qualify for Gratuity Plan credits based on the following: 0% of unused annual banked Sick Leave for the first (1st) year; 5% of unused annual banked Sick Leave for the second (2nd) year; 12% of unused annual banked Sick Leave for the third (3rd) year and beyond. Gratuity Credits can be withdrawn in whole or in part after five (5) years of continuous service in cash or, on approval of the Director of Library Services, as additional vacation. Gratuity credits can be accumulated to a maximum total of 120 days. (b) Payment of the Gratuity in cash shall be computed at the time of withdrawal as follows:

Appears in 1 contract

Sources: Collective Agreement

Gratuity Plan. (a) Effective April 1, 1999 1999, current Employees shall qualify for Gratuity Plan credits based on twelve percent (12%) of unused annual banked Sick Leave per calendar year. Previous credits earned will not be affected by this change. Effective April 1, 1999, new Employees shall qualify for Gratuity Plan credits based on the following: • 0% of unused annual banked Sick Leave for the first (1st) year; • 5% of unused annual banked Sick Leave for the second (2nd) year; • 12% of unused annual banked Sick Leave for the third (3rd) year and beyond. Gratuity Credits can be withdrawn in whole or in part after five (5) years of continuous service in cash or, on approval of the Director of Library Services, as additional vacation. Gratuity credits can be accumulated to a maximum total of 120 days. (b) Payment of the Gratuity in cash shall be computed at the time of withdrawal as follows:

Appears in 1 contract

Sources: Collective Agreement

Gratuity Plan. (a) Effective April 1, 1999 1999, current Employees shall qualify for Gratuity Plan credits based on twelve percent (12%) of unused annual banked Sick Leave per calendar year. Previous credits earned will not be affected by this change. Effective April 1, 1999, new Employees shall qualify for Gratuity Plan credits based on the following: • 0% of unused annual banked Sick Leave for the first (1st) year; • 5% of unused annual banked Sick Leave for the second (2nd) year; • 12% of unused annual banked Sick Leave for the third (3rd) year and beyond. Gratuity Credits can credits may be accumulated to a maximum total of 120 days, and may be withdrawn in whole or in part after five (5) years of continuous service in cash orcash, or on approval of the Director of Library ServicesChief Constable, as additional vacation. Gratuity credits can be accumulated to a maximum total of 120 daysVacation. (b) Payment of the Gratuity in cash shall be computed at the time of withdrawal as follows:

Appears in 1 contract

Sources: Collective Agreement

Gratuity Plan. (a) Effective April 1, 1999 1999, current Employees shall qualify for Gratuity Plan credits based on twelve percent (12%) of unused annual banked Sick Leave sick leave per calendar year. Previous credits earned will not be affected by this change. Effective April 1, 1999, 1999 new Employees shall qualify for Gratuity Plan credits based on the following: • 0% of unused annual banked Sick Leave for the first (1st) year; • 5% of unused annual banked Sick Leave for the second (2nd) year; • 12% of unused annual banked Sick Leave for the third (3rd) year and beyond. Gratuity Credits can The credits may be accumulated to a maximum total accumulation of One Hundred and Twenty Days (120) days, and may be withdrawn in whole or in part after five (5) years of continuous service service, in cash orcash, or on approval of the Director of Library ServicesDepartment Head, as additional vacation. Gratuity credits can be accumulated to a maximum total of 120 days. (b) Payment of the Gratuity gratuity in cash shall be computed at the time of withdrawal as follows:

Appears in 1 contract

Sources: Collective Agreement