Common use of How Accumulated Clause in Contracts

How Accumulated. A credit of three (3) working days per annum shall be given for each year of service, or for part of a year a credit of one (1) day for each four (4) months of service, which may be accumulated to a maximum of one hundred and twenty (120) working days. Each employee shall receive a summary of his accumulated service gratuity credits as at December 31st of each calendar year.

Appears in 3 contracts

Samples: Collective Agreement, Collective Agreement, Collective Agreement

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How Accumulated. A credit of three (3) working days per annum shall be given to employees for each year of service, or for part of a year year, a credit of one (1) day for each four (4) months of service*, which may be accumulated to a maximum of one hundred and twenty (120) 120 working days. Each employee shall receive a summary *This applies to 1st and final years of his accumulated service gratuity credits as at December 31st of each calendar yearonly.

Appears in 1 contract

Samples: Collective Agreement

How Accumulated. A credit of three (3) working days per annum shall be given for each year of service, or or, for part of a year a credit of one (1) day for each four (4) months of service, which may be accumulated to a maximum of one hundred and twenty (120) 120 working days. Each employee shall Employees commence accumulating from the date of employment but receive a summary no credits until the completion of his accumulated service gratuity credits as at December 31st of each calendar yearsix (6) months’ service.

Appears in 1 contract

Samples: Collective Agreement

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How Accumulated. A credit of three (3) working days per annum shall be given to employees for each year of service, or for part of a year year, a credit of one (1) day for each four (4) months of service*, which may be accumulated to a maximum of one hundred and twenty (120) working days. Each employee shall receive a summary *This applies to first (1st) and final years of his accumulated service gratuity credits as at December 31st of each calendar yearonly.

Appears in 1 contract

Samples: Collective Agreement

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