Amount of Gratuity Clause Samples

Amount of Gratuity. The amount of gratuity shall be calculated as follows: G = [N / 200] x S Where G equals amount of gratuity N equals one half the number of days of accumulated sick leave credit, but not in excess of 100. S equals employee’s salary at time of retirement. [92-96]

Amount of Gratuity a) The amount of gratuity paid to an eligible Member shall not exceed six (6) months’ salary computed on the basic salary (excluding any bonus, overtime payments, etc.) of the last full year for which the Member was employed by the Board provided such payout does not exceed the allowable maximum payout outlined in Clause 22.02 d). b) A Member, after ten (10) years of consecutive service with the Board, shall be entitled to a retirement gratuity computed in accordance with the formula set out in Clause 22.02 c) hereof, subject to 22.02 d), if the credit in the Member’s accumulated sick leave is sufficient, of 25% the last full year’s basic salary. This percentage shall increase each consecutive year thereafter by 5% until a maximum of 50% of the last full year’s basic salary is reached provided at no time such gratuity payout exceeds the allowable maximum outlined in Clause 22.02 d). c) The amount of the gratuity paid to an eligible Member shall be computed as follows subject to the allowable maximum outlined in Clause 22.02 d). d) The amount of gratuity paid to an eligible Member shall be either the calculation under 22.02 c) above or as noted below, whichever is the lesser: EMPLOYEE GROUP MAXIMUM PAYOUT P.S.S.P. Capped at $20,000.00 It is understood that the Twenty Thousand Dollars ($20,000.00) maximum payout cap under 22.02 d) of the Retirement Gratuity Plan will come into effect on the first day of January, 1986.

Amount of Gratuity. The amount of gratuity paid to an eligible Teacher shall not exceed six (6) months’ salary computed on the Teacher’s salary in effect immediately prior to their retirement, prorated for part- time staff.

Amount of Gratuity. The gratuity will be calculated as a percentage of the employee’s placement on the salary scale as per Article 20 of the agreement, exclusive of allowances, in the following amounts: Employees who are on a continuing part-time appointment will have their gratuities prorated.

Amount of Gratuity a) The amount of gratuity paid to an eligible employee shall not exceed six (6) months' salary computed on the basic salary (excluding any bonus, overtime payments etc.) of the last full year for which the employee was employed by the Board provided such payout does not exceed the allowable maximum payout outlined in Clause 14.01(C)(2)(d). b) An employee after ten (10) years of consecutive service with the Board, shall be entitled to a retirement gratuity computed in accordance with the formula set out in 14.01(C)(2)(d), if the credit in the employee's accumulated sick leave is sufficient, of twenty-five percent (25%) of the last full year's basic salary. This percentage shall increase each consecutive year, thereafter by five percent (5%) until a maximum of fifty percent (50%) of the last full year's basic salary is reached provided at no time such gratuity payout exceeds the allowable maximum outlined in Clause 14.01(C)(2)(d). c) The amount if the gratuity paid to an eligible employee shall be computed as follows subject to the allowable maximum outlined in Clause 14.01(C)(2)(d): (25 to 50% as determined in 14.01(2)(d) X (basic salary of last full year) X accumulated sick leave to maximum of 240 days [1920 hours] 240 [1920 hours] d) The amount of the gratuity paid to an eligible employee shall be either the calculation under 14.01C(2)(c) above or eight thousand five hundred dollars ($8,500), whichever is the lesser. It is understood that the eight thousand five hundred dollars ($8,500) maximum payout cap under 14.01C(2)(d) of the Retirement Gratuity Plan will apply to all employees hired prior to January 1, 2000. The amount if the gratuity paid to an eligible employee shall be computed as follows subject to the allowable maximum outlined in Clause 14.01(C)(2)(d): (25 to 50% as determined in 14.01(2)(d) X (basic salary of last full year) X accumulated sick leave to maximum of 240 days [1920 hours] 240 [1920 hours] - $1,500 The amount of the gratuity paid to an eligible employee shall be either the calculation under 14.01C(2)(c) above or eight thousand five hundred dollars ($8,500.00), whichever is the lesser. It is understood that the eight thousand five hundred dollar ($8,500.00) maximum payout cap under 14.01C(2)(d) of the Retirement Gratuity Plan will come into effect January 1, 2000.

Amount of Gratuity. The amount of gratuity paid to an eligible Member shall not exceed six (6) months’ salary computed on the salary of the last full year for which the Member was employed by the Board. For Members on Long Term Disability benefit immediately prior to retirement, the gratuity shall be based on Article 11.04.01. 15.02.01 A Member who is eligible for a retirement gratuity shall be entitled to a retirement gratuity of twenty-five per cent (25%) of the last full year’s salary if the credit in the Member’s accumulated sick leave is sufficient. This percentage shall increase each consecutive year thereafter by five percent (5%) until a maximum of fifty percent (50%) of the last full school year’s salary is reached.

Amount of Gratuity. The amount of gratuity paid to an eligible Member shall not exceed six (6) months’ salary computed on the member’s salary in effect immediately prior to their retirement, prorated for part-time staff.

Amount of Gratuity. The amount of gratuity paid to an eligible employee shall not exceed six (6) months’ salary computed on the basic salary (excluding any bonus, overtime payments, etc.) of the last full year for which the employee was employed by the Board provided such payout does not exceed the allowable maximum payout outlined in An employee, after meeting the eligibility requirements under shall be entitled to a retirement gratuity computed in accordance with the formula set out in hereof, subject to credit in the employee’s accumulated sick leave is sufficient, of twenty-five percent (25%) of the last full year’s basic salary. This percentage shall increase each consecutive year thereafter by five percent (5%) until a maximum of percent (50%) of the last full year’s basic salary is reached provided at no time such gratuity payout exceeds the allowable maximum outlined in The amount of the gratuity paid an eligible employee shall be computed as follows subject to the allowable maximum outlined in (25 to as determined in X (basic salary of last full year) OR X accumulated sick leave to for I month OR X accumulated sick leave to for month employees The amount of gratuity paid to an eligible employee shall be either the calculation under above or as noted below, whichever is the lesser: OfficePersonnel Association Capped at

Amount of Gratuity a) The amount of gratuity paid to an eligible employee shall not exceed six (6) months' salary computed on the basic salary (excluding any bonus, overtime payments etc.) of the last full year for which the employee was employed by the Board provided such payout does not exceed the allowable maximum payout outlined in Clause 14.01(D)(2)(d).. b) An employee after ten (10) years of consecutive service with the Board, shall be entitled to a retirement gratuity computed in accordance with the formula set out in 14.01(D)(2)(d), if the credit in the employee's accumulated sick leave is sufficient, of twenty-five percent (25%) of the last full year's basic salary. This percentage shall increase each consecutive year, thereafter by five percent (5%) until a maximum of fifty percent (50%) of the last full year's basic salary is reached provided at no time such gratuity payout exceeds the allowable maximum outlined in Clause 14.01(D)(2)(d).