GRATUITY PLANS Clause Samples
The Gratuity Plans clause outlines the employer's obligations regarding the provision of gratuity benefits to employees, typically as a form of end-of-service payment. This clause specifies the eligibility criteria, calculation methods, and payment procedures for gratuity, often referencing statutory requirements or company policy. Its core function is to ensure employees receive appropriate financial recognition for their service upon termination or retirement, thereby promoting compliance with labor laws and providing clarity on employee entitlements.
GRATUITY PLANS. 26.01 Teachers who were employed by a predecessor Board and the Northwest Catholic District School Board prior to December 31, 1998, and who were covered by a predecessor Collective agreement, shall continue to have the Retirement Gratuity provision in the collective agreement that applied to them prior to December 31, 1998, continue to apply. (See Appendix B – Article 7.03 – Fort ▇▇▇▇▇▇▇-Rainy River District; Article 11 – Dryden District)
26.02 Teachers commencing employment with the District Board after December 31, 1998, who were not employed with a predecessor Board and the District Board in the 1997/98 school year are entitled only to the following Retirement Fund:
a) The Board shall pay into a reserve fund for the purpose of funding retirement benefits for Teachers hired after December 31, 1998 $350.00 per each completed school year for each Teacher who was hired after December 31, 1998 (pro-rated for part-time Teachers).
b) A Teacher hired after December 31, 1998 with ten (10) or more consecutive years of service without intervening employment with the Northwest Catholic District School Board who retires due to:
i) death ii) permanent disability; or
GRATUITY PLANS. Retirement Gratuities were frozen as of August 31, 2012. A Teacher is not eligible to receive a sick leave credit gratuity or any non-sick leave credit retirement gratuity (such as, but not limited to, services gratuities or RRSP contributions) after August 31, 2012, except a sick leave credit gratuity that the Teacher had accumulated and was eligible to receive as of that day. The following language applies only to those teachers eligible for the gratuity above: