Retirement Incentive Plan. A. The summary statement of the Retirement Incentive Plan is as follows: Employees who qualify for the Retirement Incentive Plan are eligible to receive one third (1/3) of their last years pay as a cash bonus. This bonus will be paid in addition to other retirement benefits such as cash payments for unused Sick Leave pay (severance pay).
Appears in 3 contracts
Samples: Master Agreement, Master Agreement, Master Agreement
Retirement Incentive Plan. A. The summary statement of the Retirement Incentive Plan is as follows: Employees who qualify for the Retirement Incentive Plan are eligible to receive one third twenty-five thousand dollars (1/3$25,000) of their last years pay as a cash bonus. This bonus will be paid in addition to other retirement benefits such as cash payments for unused Sick Leave pay (severance pay).
Appears in 2 contracts
Samples: An Agreement, An Agreement
