Common use of Early Retirement Provisions Clause in Contracts

Early Retirement Provisions. The Employer is committed to investing in its people so that we have the best available in the industry. Our employees are encouraged to display the corporate values of: Leadership, Respect, Focus, Performance and Persistence in their working endeavours. In recognition of the effort that the Employer's employees have made during their careers, the Employer considers it appropriate to make available an early retirement benefit. This benefit is available providing that: (a) there is mutual agreement between the Employer and employee concerned on the taking of early retirement and the establishment of a timeframe for this to occur; (b) the employee is over 55 years of age and under 62 years of age; and (c) the employee has completed more than 10 years of continuous service with the Employer. The following table describes the provisions that are available. Years of Service Service Acknowledgment

Early Retirement Provisions. The Employer is committed to investing in its people so that we have the best available in the industry. Our employees are encouraged to display the corporate values of: Leadership, Respect, Focus, Performance and Persistence in their working endeavours. In recognition of the effort that the Employer's employees have made during their careers, the Employer considers it appropriate to make available an early retirement benefit. This benefit is available providing that: (a) there is mutual agreement between the Employer and employee concerned on the taking of early retirement and the establishment of a timeframe for this to occur; (b) the employee is over 55 years of age and under 62 years of age; and (c) the employee has completed more than 10 years of continuous service with the Employer. The following table describes the provisions that are available. Service Acknowledgment 10 weeks pay plus 1 week per year completed in excess of 10 years up to a maximum of 26 weeks pay Years of Service Service Acknowledgment10

Early Retirement Provisions. The Employer is committed to investing in its people so that we have the best available in the industry. Our employees are encouraged to display the corporate values of: Leadership, Respect, Focus, Performance and Persistence in their working endeavours. In recognition of the effort that the Employer's employees have made during their careers, the Employer considers it appropriate to make available an early retirement benefit. This benefit is available providing that: (a) there is mutual agreement between the Employer and employee concerned on the taking of early retirement and the establishment of a timeframe for this to occur; (b) the employee is over 55 years of age and under 62 years of age; and (c) the employee has completed more than 10 years of continuous service with the Employer. The following table describes the provisions that are available. Years 10 weeks pay plus 1 week per year completed in excess of Service Service Acknowledgment10 years up to a maximum of 26 weeks pay