Common use of Retirement Allowance Clause in Contracts

Retirement Allowance. Prior to issuing notice of layoff pursuant to article in any the Hospital will offer early-retirement allowance to a sufficient number of employees eligible for early retirement under within the in order of seniority, to the extent that the maximum number of employees within a classification who elect early retirement is equivalent to the number of employees within the who would otherwise receive notice of layoff under article An employee who elects an early retirement option shall receive, following completion of the last day of work, a retirement allowance of two weeks' salary for each year of service, plus a prorated amount for any additional partial year of service, to a maximum ceiling of weeks' salary, and, in addition, full-time employees shall receive a single lump-sum payment equivalent to for each year less than age to a maximum of upon retirement."

Appears in 3 contracts

Samples: Collective Agreement, Collective Agreement, Collective Agreement

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Retirement Allowance. Prior to issuing notice of layoff pursuant to article in any the Hospital will offer early-retirement allowance to a sufficient number of employees eligible for early retirement under within the in order of seniority, to the extent that the maximum number of employees within a classification who elect early retirement is equivalent to the number of employees within the who would otherwise receive notice of layoff under article An employee who elects an early retirement option shall receive, following completion of the last day of work, a retirement allowance of two weeks' salary for each year of service, plus a prorated amount for any arty additional partial year of service, to a maximum ceiling of weeks' salary, and, in addition, full-time employees shall receive a single lump-sum payment equivalent to for each year less than age to a maximum of upon retirement."

Appears in 1 contract

Samples: Collective Agreement

Retirement Allowance. Prior to issuing notice of layoff pursuant to article in any the Hospital will offer early-retirement allowance to a sufficient number of employees eligible for early retirement under within the in order of seniority, to the extent that the maximum number of employees within a classification who elect early retirement is equivalent to the number of employees within the who would otherwise receive notice of layoff under article a)( An employee who elects an early retirement option shall receive, following completion of the last day of work, a retirement allowance of two weeks' salary for each year of service, plus a prorated amount for any additional partial year of service, to a maximum ceiling of weeks' salary, and, in addition, full-time employees shall receive a single lump-sum payment equivalent to for each year less than age to a maximum of upon retirement.". ARTICLE HEALTH

Appears in 1 contract

Samples: Collective Agreement

Retirement Allowance. Prior to issuing notice of layoff pursuant to article in any the Hospital will offer early-retirement allowance to a sufficient number of employees eligible for early retirement under within the in order of seniority, to the extent that the maximum number of employees within a classification who elect early retirement is equivalent to the number of employees within the who would otherwise receive notice of layoff under article An employee who elects an early retirement option shall receive, following completion of the last day of work, a retirement allowance of two weeks' salary for each year of service, plus a prorated amount for any additional partial year of service, to a maximum ceiling of weeks' salary, and, in addition, full-time employees shall receive a single lump-sum payment equivalent to for each year less than age to a maximum of upon retirement."" ARTICLE COMPENSATION

Appears in 1 contract

Samples: Collective Agreement

Retirement Allowance. Prior to issuing notice of layoff lay-off pursuant to article Article in any the Hospital will offer early-retirement allowance to a sufficient number of employees eligible for early retirement under within the in order of seniority, to the extent that the maximum number of employees within a classification who elect early retirement is equivalent to the number of employees within the who would otherwise receive notice of layoff lay-off under article Article An employee who elects an early retirement option shall receive, following completion of the last day of work, a retirement allowance of two weeks' salary for each year of service, plus a prorated amount for any additional partial year of service, to a maximum ceiling of weeks' salary, and, in addition, full-time employees shall receive a single lump-sum payment equivalent to for each year less than age to a maximum of upon retirement."

Appears in 1 contract

Samples: Collective Agreement

Retirement Allowance. Prior to issuing notice of layoff pursuant to article in any the Hospital will offer early-retirement allowance to a sufficient number of employees eligible for early retirement under within the in order of seniority, to the extent that the maximum number of employees within a classification who elect early retirement is equivalent to the number of employees within the who would otherwise receive notice of layoff under article An employee who elects an early retirement option shall receive, following completion of the last day of work, a retirement allowance of two weeks' salary for each year of service, plus a prorated amount for any additional partial year of service, to a maximum ceiling of weeks' salary, and, in addition, full-time employees shall receive a single lump-sum payment equivalent to for each year less than age to a maximum of upon retirement."

Appears in 1 contract

Samples: Part Time

Retirement Allowance. Prior to issuing notice of layoff pursuant to article in any the Hospital will offer early-retirement allowance to a sufficient number of employees eligible for early retirement under within the in order of seniority, to the extent that the maximum number of employees within a classification who elect early retirement is equivalent to the number of employees within the who would otherwise receive notice of layoff under article An employee who elects an early retirement option shall receive, following completion of the last day of work, a retirement allowance of two weeks' salary for each year of service, plus a prorated amount for any additional partial year of service, to a maximum ceiling of weeks' salary, and, in addition, full-time employees shall receive a single lump-sum payment equivalent to for each year less than age to a maximum of upon retirement."" ARTICLE HEALTH SAFETY

Appears in 1 contract

Samples: Collective Agreement

Retirement Allowance. Prior to issuing notice of layoff pursuant to article in any the Hospital will offer early-retirement allowance to a sufficient number of employees eligible for early retirement under within the in order of seniority, to the extent that the maximum number of employees within a within the classification who elect early retirement is equivalent to the number of employees within the who would otherwise receive notice of layoff under article An employee who elects an early retirement option shall receive, following completion of the last day of work, a retirement allowance of two weeks' salary for each year of service, plus a prorated amount for any additional partial year of service, to a maximum ceiling of weeks' salary, and, in addition, full-time employees shall receive a single lump-sum payment equivalent to equivalentto for each year less than age to a maximum of upon retirement."

Appears in 1 contract

Samples: Part Time

Retirement Allowance. Prior to issuing notice of layoff pursuant to article in any the Hospital will offer early-retirement allowance to a sufficient number of employees eligible for early retirement under within the in order of seniority, to the extent that the maximum number of employees within a classification who elect early retirement is equivalent to the number of employees within the who would otherwise receive notice of layoff under article An employee who elects an early retirement option shall receive, following completion of the last day of work, a a' retirement allowance of two weeks' salary for each year of service, plus a prorated amount for any additional partial year of service, to a maximum ceiling of weeks' salary, and, in addition, full-time employees shall receive a single lump-sum payment equivalent to for each year less than age to a maximum of upon retirement."" ARTICLE HEALTH SAFETY

Appears in 1 contract

Samples: Collective Agreement

Retirement Allowance. Prior to issuing notice of layoff pursuant to article in any the Hospital will offer early-retirement allowance to a sufficient number of employees eligible for early retirement under within the in order of seniority, to the extent that the maximum number of employees within a classification who elect early retirement is equivalent to the number of employees within the who would otherwise receive notice of layoff under article a)( An employee who elects an early retirement option shall receive, following completion of the last day of work, a retirement allowance of two weeks' salary for each year of service, plus a prorated amount for any additional partial year of service, to a maximum ceiling of weeks' salary, and, in addition, full-time employees shall receive a single lump-sum payment equivalent to for each year less than age to a maximum of upon retirement."ARTICLE COMPENSATION

Appears in 1 contract

Samples: Collective Agreement

Retirement Allowance. Prior to issuing notice of layoff pursuant to article in any the Hospital Health Centre will offer early-retirement allowance to allowanceto a sufficient number of employees eligible for early retirement under Xxxxxx's Health Centre Pension Plan within the in order of seniority, to the extent that the maximum number of employees within employeeswithin a classification who elect early retirement is equivalent to the number of employees within the who would otherwise receive notice of layoff under article An employee who elects an early retirement option retirementoption shall receive, following completion of the last day of work, a retirement allowance of two weeks' salary for each year of service, plus a prorated amount for any additional partial year of service, to a maximum ceiling of weeks' salary, and, in addition, full-time employees shall receive a single lump-sum payment equivalent to for each year less than age to a maximum of upon retirement."

Appears in 1 contract

Samples: Collective Agreement

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Retirement Allowance. Prior to issuing notice of layoff pursuant to article (a) in any the Hospital will offer early-retirement allowance to a sufficient number of employees eligible for early retirement under within the in order of seniority, to the extent that the maximum number of employees within a classification who elect early retirement is equivalent to the number of employees within the who would otherwise receive notice of layoff under article I An employee who elects an early retirement option shall receive, following completion of the last day of work, a retirement allowance of two weeks' week‘s salary for each year of service, plus a prorated amount for any additional partial year of service, to a maximum ceiling of weeks' week‘s salary, and, in addition, full-time employees regularly scheduled to work thirty-seven and one half (37 hours per week shall receive a single lump-sum payment equivalent to for each year less than age to a maximum of upon retirement."

Appears in 1 contract

Samples: Collective Agreement

Retirement Allowance. Prior to issuing notice of layoff pursuant to article in any the Hospital will offer early-retirement allowance retirementallowance to a sufficient number sufficientnumber of employees eligible employeeseligible for early retirement under within the in order of seniority, to the extent that the maximum number of employees within a classification who elect early retirement is equivalent to the number of employees within the who would otherwise receive notice of layoff under article An employee who elects an early retirement option shall receive, following completion of the last day of work, a retirement allowance of two weeks' salary for each year of service, plus a prorated amount for any additional partial year of service, to a maximum ceiling of weeks' salary, and, in addition, full-time employees shall receive a single lump-sum payment equivalent to for each year less than age to a maximum of upon retirement.". ARTICLE HEALTH SAFETY

Appears in 1 contract

Samples: Collective Agreement

Retirement Allowance. Prior to issuing notice of layoff pursuant to article in any the Hospital will Hospitalwill offer early-retirement allowance retirementallowance to a sufficient number of employees eligible for early retirement under within the in order of seniority, to the extent that extentthat the maximum number of employees within a classification who elect early retirement is equivalent to the number of employees within the who would otherwise receive notice of layoff under article of An employee who elects an early retirement option retirementoption shall receive, following completion of the last day of work, a retirement allowance of two weeks' salary for each year of service, plus a prorated amount for amountfor any additional partial year of service, to a maximum ceiling of ceilingof weeks' salary, and, in addition, full-time employees shall receive a single lump-sum payment equivalent to for equivalentto each year less than lessthan age to a maximum of upon retirement."

Appears in 1 contract

Samples: Part Time

Retirement Allowance. Prior to issuing notice of layoff pursuant to article in any the Hospital will offer early-retirement allowance to a sufficient number of employees eligible for early retirement under within the in order of seniority, to the extent that the maximum number of employees within a classification who elect early retirement is equivalent to the number of employees within the who would otherwise receive notice of layoff under article An employee who elects an early retirement option shall receive, following completion of the last day of work, a retirement allowance of two weeks' salary for each year of service, plus a prorated amount for any additional partial year of service, to a maximum ceiling of weeks' salary, and, in addition, full-time employees shall receive a single lump-sum payment equivalent to for each year less than age to a maximum of upon retirement."

Appears in 1 contract

Samples: Collective Agreement

Retirement Allowance. Prior to issuing notice of layoff pursuant to article in any the Hospital will offer early-retirement allowance to a sufficient number of employees eligible for early retirement under within the in order of seniority, to the extent that the maximum number of employees within a classification who elect early retirement is equivalent to the number of employees within the who would otherwise receive notice of layoff under article An employee who elects an early retirement option shall receive, following completion of the last day of work, a retirement allowance of two weeks' salary for each year of service, plus a prorated amount for any additional partial year of service, to a maximum ceiling of weeks' salary, and, in addition, full-time employees shall receive a single lump-sum payment equivalent to for each year less than age to a maximum of upon retirement."

Appears in 1 contract

Samples: Collective Agreement

Retirement Allowance. Prior to issuing notice of layoff pursuant to article in any the Hospital will Hospitalwill offer early-retirement allowance to a sufficient number of employees eligible for early retirement under within the in order of seniority, to the extent that the maximum number of employees within a classification who elect early retirement is equivalent to the number of employees within the who would otherwise receive notice of layoff under article An employee who elects an early retirement option shall receive, following completion of the last day of work, a retirement allowance of two weeks' salary for each year of service, plus a prorated amount for any additional partial year of service, to a maximum ceiling of weeks' salary, and, in addition, full-time employees shall receive a single lump-sum payment equivalent to for each year less than age to a maximum of upon retirement.". ARTICLE COMPENSATION

Appears in 1 contract

Samples: Part Time

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