Common use of Retirement Notice Incentive Clause in Contracts

Retirement Notice Incentive. Early retirement notice provides for continuity of services for clients, more strategic and timely recruitment, improved training and knowledge transfer for new employees and a smoother transition for clients and co-workers. Employees who provide confirmed notice of retirement 12 months in advance will be provided a $1,500 lump sum payment within two weeks of commencing retirement on the date provided. Employees may change their retirement date following providing notice, but will forfeit the retirement notice incentive.

Retirement Notice Incentive. Early retirement notice provides for continuity of services for clients, more strategic and timely recruitment, improved training and knowledge transfer for new employees employees, and a smoother transition for clients and co-workerscoworkers. Employees who provide confirmed notice of retirement 12 months in advance will be provided a $1,500 lump sum payment within two weeks of commencing retirement on the date provided. Employees may change their retirement date following providing notice, notice but will forfeit the retirement notice incentive.