Common use of Transition to Retirement Clause in Contracts

Transition to Retirement. a) The parties acknowledge the physically demanding aspect of performing work in a labour-intensive industry for an extended duration. The parties also acknowledge that long term Employees of the industry possess an extensive amount of knowledge and experience that can be beneficial for the Employer to maintain. b) For Employees over the age of 55, the Employer may allow an Employee to transition to retirement as the employee requests it. This may be through a transition to part-time employment as per the provision set out at clause