Special Long-Service Award a) The Company agrees to provide a Special Long Service award as calculated in this Article, to employees who elect early retirement as provided for in paragraph (d) below.
Special Long-Service Award. It is agreed that the Special Long Service award shall be increased to $60,000.00 with effect from April 1, 2008 and $64,000.00 as of April 1, 2009 and shall be awarded, each year, to 12 employees with a minimum of twenty-one (21) years service.