RETENTION OF EXPERIENCED EMPLOYEES Sample Clauses

RETENTION OF EXPERIENCED EMPLOYEES. The parties recognize that there are a number of senior, experienced Employees who are eligible for retirement currently, or in the near future. The parties recognize the contribution of these Employees and wish to take steps to encourage these Employees to remain in the system. Therefore, the following programs shall be implemented.
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RETENTION OF EXPERIENCED EMPLOYEES. (LONG SERVICE PAY ADJUSTMENT) The following Letter of Understanding will take effect on July 1, 2023: The Parties recognize that there are a number of senior, experienced Employees who are eligible for retirement currently, or in the near future. The Employer recognizes the contribution of these Employees and wishes to take steps to encourage these Employees to remain with CapitalCare. As such, in addition to the rates of pay specified in the Salary Schedule, an Employee who has twenty (20) or more calendar years of service with the Employer, shall receive a 2% Long Service Pay Adjustment (LSPA). This shall form part of the Employee’s Basic Rate of Pay. On behalf of the Union This Letter of Understanding shall end at the expiry date of the Collective Agreement. On behalf of the Employer April 24, 2023 April 25, 2023 Date Date LETTER OF UNDERSTANDING # 18 between CAPITALCARE and the ALBERTA UNION OF PROVINCIAL EMPLOYEES
Sample 1
RETENTION OF EXPERIENCED EMPLOYEES. (LONG SERVICE PAY ADJUSTMENT) The following Letter of Understanding will take effect on July 1, 2023.
Sample 1

Related to RETENTION OF EXPERIENCED EMPLOYEES

  • Probation for Newly Hired Employees (a) The Employer may reject a probationary employee for just cause. A rejection during probation shall not be considered a dismissal for the purpose of Article 11.2

  • CLASSIFICATION OF EMPLOYEES Section 1. A full-time employee shall be deemed to be any employee regularly scheduled to work forty (40) hours per week. A regular employee is one whose employment is reasonably expected to continue for longer than fifteen (15) months.

  • Public Employees Retirement System “PERS”) Members. For purposes of this Section 1, “employee” means an employee who is employed by the State on August 28, 2003 and who is eligible to receive benefits under ORS Chapter 238 for service with the State pursuant to Section 2 of Chapter 733, Oregon Laws 2003.

  • Rehired Employees Amounts forfeited upon termination of employment because of the failure to meet the applicable vesting requirements shall not be reinstated or re-credited if an individual is subsequently rehired or re-employed by the School Corporation. However, if the Board shall have approved a leave of absence of not more than one (1) fiscal year for an employee, such period of leave shall not result in forfeiture provided the employee shall promptly return to employment following the expiration of the period of the leave.

  • Injured Employees In the event of an employee sustaining injuries at work and becoming physically handicapped as a result thereof, every effort shall be made by the Employer to give the injured employee such suitable employment as is available.

  • Notification of Employees A. Written notice of layoff shall be given to an employee or sent by mail to the last known mailing address at least fourteen (14) calendar days prior to the effective date of the layoff. Notices of layoff shall be served on employees personally at work whenever practicable.

  • Retroactive Pay for Terminated Employees An employee who has retired or severed his/her employment between the termination date of this Agreement and the effective date of the new Agreement shall receive the full retroactivity of any increase in wages, salaries or other benefits.

  • Retired Employees A. Employees who retire under the Florida Retirement System shall be eligible, upon request, to receive on the same basis as other employees the following benefits at the University, subject to University Regulations and policies:

  • TTOC Employment Melding Exercise 145 LETTER OF UNDERSTANDING NO. 16(B) 146

  • Maintaining Eligibility for Employer Contribution The employer's contribution continues as long as the employee remains on the payroll in an insurance eligible position. Employees who complete their regular school year assignment shall receive coverage through August 31.

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