Common use of Enhanced Early Retirement Clause in Contracts

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

Enhanced Early Retirement. This option provides for a member of staff to be paid the money available under the severance option which may, if the member of staff so desires, be used according to the conditions of the superannuation scheme of which the member of 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.

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