Common use of Vacation Pay on Retirement Clause in Contracts

Vacation Pay on Retirement. Normal retirement is on the first of the month coincident with or following the employee's sixty-fifth (65) birthday. On normal or early retirement taken in accordance with the terms of the Pension Plan for Members of the Administrative Staff each employee shall be entitled to the same vacation which she/he would have had if she/he had continued working to the end of the calendar year.

Appears in 6 contracts

Samples: Collective Agreement, Collective Agreement, Collective Agreement

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