Common use of On Retirement Clause in Contracts

On Retirement. ‌ 53.5.1 If Hydro One requires an employee who occupies a house or trailer on Hydro One property or a site under Hydro One control to move on retirement, the employee will be reimbursed as outlined in Section 53.3 for the cost of a move to any location in Ontario in which he or she desires to settle. 53.5.2 If an employee is requested to undertake a change in work headquarters involving a change in principal residence, and is age 55 or older on the date of transfer, consideration shall be given to the reimbursement of some or all of the moving expenses of that individual upon eventual retirement from Hydro One. The extent and terms of the assistance to be provided upon retirement will be determined at the time of transfer. 53.5.3 Only moving expenses within the Province of Ontario or to the nearest exit point from the Province will be eligible for consideration.

On Retirement. ‌ 53.5.1 If Hydro One requires an employee who occupies a house or trailer on Hydro One property or a site under Hydro One control to move on retirement, the employee will be reimbursed as outlined in Section 53.3 for the cost of a move to any location in Ontario in which he or she desires they desire to settle. 53.5.2 If an employee is requested to undertake a change in work headquarters involving a change in principal residence, and is age 55 or older on the date of transfer, consideration shall be given to the reimbursement of some or all of the moving expenses of that individual upon eventual retirement from Hydro One. The extent and terms of the assistance to be provided upon retirement will be determined at the time of transfer. 53.5.3 Only moving expenses within the Province of Ontario or to the nearest exit point from the Province will be eligible for consideration.

On Retirement. ‌ 53.5.1 If Hydro One requires an employee who occupies a house or trailer on Hydro One property or a site under Hydro One control to move on retirement, the employee will be reimbursed as outlined in Section 53.3 for the cost of a move to any location in Ontario in which he or she desires to settle. 53.5.2 If an employee is requested to undertake a change in work headquarters involving a change in principal residence, and is age 55 or older on the date of transfer, consideration shall be given to the reimbursement of some or all of the moving expenses of that individual upon eventual retirement from Hydro One. The extent and terms of the assistance to be provided upon retirement will be determined at the time of transfer. 53.5.3 Only moving expenses within the Province of Ontario or to the nearest exit point from the Province will be eligible for consideration.