Common use of Enhanced Early Retirement Clause in Contracts

Enhanced Early Retirement. This option provides for an employee to be paid the money available under the severance option which may, if the employee so desires, be used according to the conditions of the superannuation scheme of which the employee is a member to make up the actual superannuity payable.

Enhanced Early Retirement. This option provides for an employee a member of staff to be paid the money available under the severance option which may, if the employee member of staff so desires, be used according to the conditions of the superannuation scheme of which the employee member of staff is a member to make up the actual superannuity payable.

Enhanced Early Retirement. This option provides for an employee a member of staff to be paid the money available under the severance option which may, if the employee member of staff so desires, be used according to the conditions of the superannuation scheme of which the employee staff is a member member, to make up the actual superannuity payable. Enhanced early retirement may be made available at the discretion of the Employer at any time, if the member of staff is replaced by another surplus staff member seeking redeployment or reassignment.