Transition Allowance definition
Examples of Transition Allowance in a sentence
An Appointed Employee shall be entitled to be paid a GNWT Transition Allowance in each of the first five years following the Transfer Date where in any such year the GNWT Compensation is less than the Federal Compensation of such employee as of the Transfer Date, as adjusted where necessary pursuant to section 7.40 or subsection 7.41(a).
An Appointed Employee shall be entitled to be paid a GN Transition Allowance in each of the first five years following the Transfer Date where in any such year the GN Compensation is less than the Federal Compensation of such employee at the Transfer Date, as adjusted where necessary pursuant to section 8.65 or subsection 8.66(a).
For the avoidance of doubt, Employee’s eligibility for any Relocation Transition Allowance shall terminate on July 6, 2017.
For the years 2020 through 2022, the Director is entitled to a reduced Transition Allowance: - In 2020 he will receive 75% of the Transition Allowance; - In 2021 he will receive 50% of the Transition Allowance; - In 2022 he will receive 25% of the Transition Allowance; No Transition Allowance shall be due beyond 2022.
The amount of the GN Transition Allowance in any such year shall be equal to the amount such Federal Compensation is greater than the applicable GN Compensation in that year.