EARLY RETIREMENT CONSIDERATIONS Sample Clauses

EARLY RETIREMENT CONSIDERATIONS. (a) The Company will pay the following benefits to employees retiring at age 62: Life insurance, A.D.D., Dental, Vision Care and Medical; not covered are Weekly Indemnity and Long Term Disability. (b) The Company will pay a retirement incentive for employees retiring at age 62 thru age 65 ONLY. This retirement incentive will equal the early retirement penalty assigned for this period and may be taken in a lump sum manner or monthly payments.