Common use of Incentive Payment 30 Clause in Contracts

Incentive Payment 30. 2.3.1 OC may offer and an employee may accept an early retirement incentive based on the age at retirement to be paid in the following amounts: Age at Retirement % of Annual Salary at Time of Retirement 55 to 59 100% 60 80% 61 60% 62 40% 63 20% 64 0%

Incentive Payment 30. 2.3.1 2.3.1‌ OC may offer and an employee may accept an early retirement incentive based on the age at retirement to be paid in the following amounts: Age at Retirement % of Annual Salary at Time of Retirement 55 to 59 100% 60 80% 61 60% 62 40% 63 20% 64 0%

Incentive Payment 30. 2.3.1 OC may offer and an employee may accept an early retirement incentive based on the age at retirement to be paid in the following amounts: Age at Retirement 55 to 59 % of Annual Salary at Time of Retirement 55 to 59 1001 00% 60 80% 61 60% 62 - - 40% 63 20% 64 0%