Common use of Graduated Payments Clause in Contracts

Graduated Payments. (a) Early retirement incentive payments shall be graduated on the basis of distance from age sixty (60) thereafter as follows: Year Age Percentage 1997 and Thereafter 55 60/60 x 100% 56 48/60 x 100% 57 36/60 x 100% 58 24/60 x 100% 59 12/60 x 100% 60 Nil (b) Members whose early retirement incentive is calculated from age fifty nine

Appears in 4 contracts

Samples: Collective Agreement, Collective Agreement, Collective Agreement

AutoNDA by SimpleDocs

Graduated Payments. (a) Early retirement incentive payments shall be graduated on the basis of distance from age sixty (60) thereafter as follows: Year Age Months Percentage 1997 and Thereafter 55 60/60 x 100% 56 48/60 x 100% 57 36/60 x 100% 58 24/60 x 100% 59 12/60 x 100% 60 Nil (b) Members whose early retirement incentive is calculated from age fifty nine

Appears in 4 contracts

Samples: Collective Bargaining Agreement, Collective Bargaining Agreement, Collective Bargaining Agreement

Graduated Payments. (a) Early retirement incentive payments shall be graduated on the basis of distance from age sixty (60) thereafter as follows: Year Age Percentage 1997 and Thereafter 55 60/60 x 100% 56 48/60 x 100% 57 36/60 x 100% 58 24/60 x 100% 59 12/60 x 100% 60 Nil (b) Members whose early retirement incentive is calculated from age fifty nine

Appears in 2 contracts

Samples: Collective Agreement, Collective Agreement

AutoNDA by SimpleDocs

Graduated Payments. (a) Early retirement incentive payments shall be graduated on the basis of distance from age sixty (60) thereafter as follows: Year Age Percentage 1997 and Thereafter 55 60/60 x 100% 56 48/60 x 100% 57 36/60 x 100% 58 24/60 x 100% 59 12/60 x 100% 60 Nil (b) Members whose early retirement incentive is calculated from age fifty nine

Appears in 2 contracts

Samples: Collective Agreement, Collective Agreement

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!