Common use of Long Service Recognition Clause in Contracts

Long Service Recognition. Eligibility Cameco will offer a retiring allowance to employees age 55 and over who have a minimum of 10 years of continuous service, and who have provided at least three months written notice to their department head should they choose to resign from Cameco. Benefit The amount is dependent on the years of continuous service and the amount of written notice provided by the employee (see table below). The benefit amount will not be pro-rated for the last year of service. The allowance will be paid following the employee’s last day of work. 25 years and nine months’ notice 25 years and six months’ notice 25 years and three months’ notice 10 years and nine months’ notice 10 years and six months’ notice 10 years and three months’ notice $200 per year of continuous service $150 per year of continuous service $100 per year of continuous service $150 per year of continuous service $100 per year of continuous service $50 per year of continuous service

Long Service Recognition. Eligibility Cameco will offer a retiring allowance to employees age 55 and over who have a minimum of 10 years of continuous serviceser- vice, and who have provided at least three months written notice to their department de- partment head should they choose to resign re- sign from Cameco. Benefit The amount is dependent on the years of continuous service and the amount of written notice provided by the employee em- ployee (see table below). The benefit amount will not be pro-rated for the last year of service. The allowance will be paid following the employee’s last day of work. 25 years and nine months’ notice $200 per year of continuous service 25 years and six months’ notice $150 per year of continuous service 25 years and three months’ notice $100 per year of continuous service 10 years and nine months’ notice $150 per year of continuous service 10 years and six months’ notice $100 per year of continuous service 10 years and three months’ notice $200 per year of continuous service $150 per year of continuous service $100 per year of continuous service $150 per year of continuous service $100 per year of continuous service $50 per year of continuous service

Long Service Recognition. Eligibility Cameco will offer a retiring allowance to employees age 55 and over who have a minimum of 10 years of continuous service, and who have provided at least three months written notice to their department de- partment head should they choose to resign re- sign from Cameco. Benefit The amount is dependent on the years of continuous service and the amount of written notice provided by the employee (see table below). The benefit amount will not be pro-rated for the last year of serviceser- vice. The allowance will be paid following the employee’s last day of work. 25 years and nine months’ notice $200 per year of continuous service 25 years and six months’ notice $150 per year of continuous service 25 years and three months’ notice $100 per year of continuous service 10 years and nine months’ notice $150 per year of continuous service 10 years and six months’ notice $100 per year of continuous service 10 years and three months’ notice $200 per year of continuous service $150 per year of continuous service $100 per year of continuous service $150 per year of continuous service $100 per year of continuous service $50 per year of continuous service