Common use of Service Award Clause in Contracts

Service Award. 39.3 (a) Where an Employee who was eligible to be covered by the service award plan in Schedule 2: Service Award or Schedule 3: Public Service Award on July 31, 1998 satisfies the College that the Employee is in receipt of a pension under the Teachers’ Pension Act or the Public Service Superannuation Act, or where such Employee attains the age of sixty (60) years and retires from the College or elects a deferred pension under the Teachers’ Pension Plan, the College shall grant to the Employee a service award. Such service award shall be in accordance with the provisions outlined in Schedule 2 or Schedule 3 as appropriate. For greater certainty, any Employee who had probationary or regular status on July 31, 1998 under a previous Collective Agreement applying to Employees shall be eligible to be covered by the provisions specified in Schedule 2 or Schedule 3, as appropriate.

Service Award. 39.3 (a) Where an Employee a Faculty Member who was eligible to be covered by the service award plan in Schedule 2: Service Award or Schedule 3: Public Service Award on July 31, 1998 satisfies the College that the Employee Faculty Member is in receipt of a pension under the Teachers’ Pension Act or the Public Service Superannuation Act, or where such Employee Faculty Member attains the age of sixty (60) years and retires from the College or elects a deferred pension under the Teachers’ Pension Plan, the College shall grant to the Employee Faculty Member a service award. Such service award shall be in accordance with the provisions outlined in Schedule 2 or Schedule 3 as appropriate. For greater certainty, any Employee Faculty Member who had probationary or regular status on July 31, 1998 under a previous Collective Agreement applying to Employees Faculty Members shall be eligible to be covered by the provisions specified in Schedule 2 or Schedule 3, as appropriate.