Common use of CONTINUATION OF BENEFITS FOR EARLY RETIREES Clause in Contracts

CONTINUATION OF BENEFITS FOR EARLY RETIREES. The Company shall pay fifty percent (50%) of the cost of Major Medical for employees who retire early between the ages of fifty- five (55) and sixty-four (64) and their dependent spouse as described in the Sifto Canada group plan. This benefit shall cease when the employee reaches age sixty-five (65). If such an employee reaches age sixty-five (65), the Company shall pay fifty percent (50%) of the premium for Major Medical for their dependent spouse until the earlier of sixty (60) months or until the last day of the month in which the spouse reaches the age of sixty- five (65). Dental (modules 1 & 3) is extended and vision benefits to the major medical benefit at 50% contribution. Voluntary option for dental (module 2) election at open enrollment. Early retiree will pay 100% of the voluntary benefit for dental module 2.

CONTINUATION OF BENEFITS FOR EARLY RETIREES. The Company shall pay fifty percent (50%) of the cost of Major Medical for employees who retire early between the ages of fifty- five (55) and sixty-four (64) and their dependent spouse as described in the Sifto Compass Minerals Canada group plan. This benefit shall cease when the employee reaches age sixty-five (65). If such an employee reaches age sixty-five (65), the Company shall pay fifty percent (50%) of the premium for Major Medical for their dependent spouse until the earlier of sixty (60) months or until the last day of the month in which the spouse reaches the age of sixty- five (65). Dental (modules 1 & 3) is extended and vision benefits to the major medical benefit at 50% contribution. Voluntary option for dental (module 2) election at open enrollment. Early retiree will pay 100% of the voluntary benefit for dental module 2.. [Housekeeping 10-29- 12]