Common use of Retirement Leave Clause in Contracts

Retirement Leave. Employees who have completed at least twenty-five (25) years of continuous service up to the time of retirement shall be eligible for 30 calendar days’ leave to be taken one month before the date of retirement. However, an employee of any religious faith who has qualified for such leave may be granted at the Bank’s discretion to utilise the leave at a stretch at any time for a religious pilgrimage to be performed overseas.

Appears in 4 contracts

Samples: Memorandum of Agreement, Memorandum of Agreement, Memorandum of Agreement

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Retirement Leave. (a) Employees who have completed at least twenty-five (25) years of continuous service up to the time of retirement shall be eligible for 30 calendar days’ leave to be taken one month before the date of retirement. However, an employee of any religious faith who has qualified for such leave may be granted at the Bank’s discretion to utilise the leave at a stretch at any time for a religious pilgrimage to be performed overseas.

Appears in 2 contracts

Samples: Memorandum of Agreement, Memorandum of Agreement

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Retirement Leave. Employees Officers who have completed at least twenty-five (25) years of continuous service with the Bank up to the time of retirement shall be eligible for 30 calendar days’ Calendar days leave to be taken one (1) month before the date of retirement. However, an employee officer of any religious faith who has qualified for such leave may be granted may, at the Bank’s discretion to Bank‟s discretion, utilise the leave at a stretch at any time for a religious pilgrimage to be performed overseas.

Appears in 1 contract

Samples: Collective Agreement

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