Retiring Allowance definition

Retiring Allowance means the lump sum paid to an officer for accrued and pro-rata leave entitlements payable at the date of retirement.

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Retiring Allowance means a lump sum payment by way of a bonus, gratuity or other allowance in respect of the full-time employment of a person made on the occasion of his retirement from that employment;

Retiring Allowance shall have the meaning set out in Section 2.5(b);

Examples of Retiring Allowance in a sentence

This payment will be in addition to any grant under the Retiring Allowance provisions specified in this award.
After December 31, 1976, a year of Creditable ▇▇▇▇▇▇▇▇▇ Service or ▇▇▇▇▇▇▇▇▇ Waterfront Service will be calculated in accordance with the Retiring Allowance Agreement then in effect between the British Columbia Maritime Employers Association (BCMEA) and the ILWU - Canada.
The right of the Employer to retire an Employee at age 62, who is fully qualified under the undermentioned Retiring Allowance Agreement, in the event of technological change or a decline in work opportunity, the Parties agree to enter into a Retiring Allowance Agreement effective from July 13, 1995 to December 31, 1996, signed and sealed the 7th day of June, 1990.
The Company agrees and the Union acknowledges that upon retirement an employee who was a member of either bargaining unit as of March 17, 2009 will be given the option of a paid-up Life Insurance, as determined by the current insurance carrier, or an amount equivalent to the premium of the paid-up Life Insurance to be transferred to a locked-in or non-locked in R.R.S.P. of the individual's choice as a Retiring Allowance.
For certainty, a listing of each affected member's amount of accrued bridge pension is listed in the Retiring Allowance Bridge Arrangement.

More Definitions of Retiring Allowance

Retiring Allowance shall be defined in accordance with Section 248(1) of the Income Tax Act (Canada) S.C. 1070-71-72, c.63, as further amended to the date of this agreement and as amended and in force during the currency of this agreement.

Retiring Allowance means a retiring allowance payable under regulation E2 (entitlement to retirement pension and retiring allowance) of the Local Government (Superannuation) Regulations (Northern Ireland) 1992(12);”;

Retiring Allowance means a retiring allowance, payable in a lump sum, equal to the lesser of (i) 36 months of the Executive’s Regular Monthly Compensation or (ii) the number of months of the Executive’s Regular Monthly Compensation in the period commencing with the Executive’s Termination Date and ending on the Executive’s Normal Retirement Date[; provided, however, that effective December 12, 2006, Retiring Allowance shall mean a retiring allowance, payable in a lump sum, equal to 36 months of the Executive’s Regular Monthly Compensation].

Retiring Allowance means an amount, other than an amount received as a consequence of the death of an employee, a pension benefit or a benefit referred to in the third paragraph of section 38 in respect of counselling services described therein, received by a taxpayer or, after the taxpayer’s death, by a dependent or a relative of the taxpayer or by the legal representative of the taxpayer

Retiring Allowance means a payment that, by a contract of employment, an employee may receive on or after retirement of the employee from his or her employment in recognition of the employee's service, but does not include the following:

Retiring Allowance means the amount payable to the Executive pursuant to the terms of this Agreement.

Retiring Allowance. , in relation to a person, means the retiring allowance payable to the person under this Act and, in the case of a person who ceased or ceases to be a member after 30 June 1980, includes additional retiring allowance (if any) payable to the person under subsection 18(9).