Common use of IF YOU LEAVE THE COMPANY Clause in Contracts

IF YOU LEAVE THE COMPANY. If your service is terminated (other than retirement or death) you will be entitled to a monthly pension at age 65 equal to the amount of pension that can be provided by your own contributions, if any, and the “vested” portion of the pension provided by the Company’s contributions made on your behalf. The right to a deferred pension paid for by the Company is ”vested” in the employee on a graduated scale basis as shown in the following table: Completed Years of Service Vested Percentage Under 5 years Nil 5 years 50% 6 years 60% 7 years 70% 8 years 80% 9 years 90% 10 or more 100% Vesting as set out above automatically applies with respect to the non-contributory part of the Plan, except for benefits earned after 1986 that are “vested” after 2 years of credited service. The above graduated scale also extends to benefits provided by Company contributions under the contributory part of the Plan but only if you leave your contributions in the Plan. When you terminate service you may elect to withdraw your contributions from the Plan plus interest to your date of termination in which case you forfeit any pension under the contributory part of the Plan. Any such withdrawals, however, are restricted by government legislation. When any contributions are “locked-in” by law, you will receive at age 65 any pension in respect of such contributions including 100% vesting. You may, of course, elect to withdraw those contributions made prior to the lock-in date and forfeit any contributory pension to your credit for service to the lock-in date.

IF YOU LEAVE THE COMPANY. If your service is terminated (other than retirement or death) you will be entitled to a monthly pension at age 65 equal to the amount of pension that can be provided by your own contributions, if any, and the “vested” portion of the pension provided by the Company’s contributions made on your behalf. The right to a deferred pension paid for by the Company is ”vested” in the employee on a graduated scale basis as shown in the following table: Completed Years of Service Vested Percentage Under 5 years Vested Percentage Nil 5 years 50% 6 years 60% 7 years 70% 8 years 80% 9 years 90% 10 or more 100% Vesting as set out above automatically applies with respect to the non-contributory part of the Plan, except for benefits earned after 1986 that are “vested” after 2 years of credited service. The above graduated scale also extends to benefits provided by Company contributions under the contributory part of the Plan but only if you leave your contributions in the Plan. When you terminate service you may elect to withdraw your contributions from the Plan plus interest to your date of termination in which case you forfeit any pension under the contributory part of the Plan. Any such withdrawals, however, are restricted by government legislation. When any contributions are “locked-in” by law, you will receive at age 65 any pension in respect of such contributions including 100% vesting. You may, of course, elect to withdraw those contributions made prior to the lock-in date and forfeit any contributory pension to your credit for service to the lock-in date.

IF YOU LEAVE THE COMPANY. If your service is terminated (other than retirement or death) you will be entitled to a monthly pension at age 65 equal to the amount of pension that can be provided by your own contributions, if any, and the “vested” portion of the pension provided by the Company’s contributions made on your behalf. The right to a deferred pension paid for by the Company is ”vested” in the employee on a graduated scale basis as shown in the following table: Completed Years of Service Vested Percentage Under 5 years Vested Percentage Nil 5 years 50% 6 years 60% 7 years 70% 8 years 80% 9 years 90% 10 or more 100% Vesting as set out above automatically applies with respect to the non-contributory part of the Page 50 of 76 Plan, except for benefits earned after 1986 that are “vested” after 2 years of credited service. The above graduated scale also extends to benefits provided by Company contributions under the contributory part of the Plan but only if you leave your contributions in the Plan. When you terminate service you may elect to withdraw your contributions from the Plan plus interest to your date of termination in which case you forfeit any pension under the contributory part of the Plan. Any such withdrawals, however, are restricted by government legislation. When any contributions are “locked-in” by law, you will receive at age 65 any pension in respect of such contributions including 100% vesting. You may, of course, elect to withdraw those contributions made prior to the lock-in date and forfeit any contributory pension to your credit for service to the lock-in date.