Common use of Your retrenchment benefits Clause in Contracts

Your retrenchment benefits. a) Your retrenchment benefit will be calculated in accordance with the table below: Completed years of Continuous Service Retrenchment Benefit Less than 1 year 4 weeks At least 1 year but less than 2 years 6 weeks At least 2 year but less than 3 years 8 weeks At least 3 year but less than 4 years 12 weeks At least 4 year but less than 5 years 16 weeks At least 5 years 20 weeks plus: an additional 3 weeks for each subsequent completed year of Continuous Service; and a pro rata payment (based on 3 weeks’ pay for a completed year) for any completed months of Continuous Service since your last completed year of Continuous Service b) If you: i) are over 50, and ii) have completed more than 5 years of Continuous Service, Telstra will pay you an additional week’s pay for each service date passed after you turned 50 (and a pro rata payment of 1 week for any completed months of Continuous Service since your last completed year of Continuous Service). c) Telstra will pay a minimum benefit of 4 weeks’ pay and a maximum benefit of 80 weeks’ pay. d) Your retrenchment benefit is inclusive of any entitlement to pay in lieu of notice of termination, up to 4 weeks. If you have an entitlement to more than 4 weeks’ notice, Telstra will pay you the amount in excess of 4 weeks. e) Your retrenchment benefit is in addition to any remuneration earned during your Placement Period, which is generally a minimum of 4 weeks. f) Section 14 explains how Telstra calculates your pay for the purposes of paying your retrenchment and separation benefits. g) Notwithstanding any other provision of this Agreement, if you are retrenched, Telstra will pay you at least any minimum payments to which you are entitled under the NES.

Your retrenchment benefits. a) Your Subject to clause 54.4, your retrenchment benefit will be calculated in accordance with the table below: Completed years of Continuous Service Retrenchment Benefit Less than 1 year 4 weeks At least 1 year but less than 2 years 6 weeks At least 2 year but less than 3 years 8 weeks At least 3 year but less than 4 years 12 weeks At least 4 year but less than 5 years 16 weeks At least 5 years 20 weeks plus: an additional 3 weeks for each subsequent completed year of Continuous Service; and a pro rata payment (based on 3 weeks’ pay for a completed year) for any completed months of Continuous Service since your last completed year of Continuous Service ba) If you: i) are over 50, and ii) have completed more than 5 years of Continuous Service, Telstra we will pay you an additional week’s pay for each service date passed after you turned 50 (and a pro rata payment of 1 week for any completed months of Continuous Service since your last completed year of Continuous Service). cb) Telstra We will pay a minimum benefit of 4 weeks’ pay weekspay and a maximum benefit of 80 weeks’ payweekspay. dc) Your retrenchment benefit is inclusive of any entitlement to pay in lieu of notice of termination, up to 4 weeks. If you have an entitlement to more than 4 weeks’ notice, Telstra we will pay you the amount in excess of 4 weeks. ed) Your retrenchment benefit is in addition to any remuneration earned during your Placement Period, which is generally a minimum of 4 weeks. fe) Section 14 12 explains how Telstra calculates we calculate your pay for the purposes of paying your retrenchment and separation benefits. gf) Notwithstanding any other provision of this Agreement, if you are retrenched, Telstra we will pay you at least any minimum payments to which you are entitled under the NES.

Your retrenchment benefits. a) Your Subject to clause 52.4, your retrenchment benefit will be calculated in accordance with the table below: Completed years of Continuous Service Retrenchment Benefit Less than 1 year 4 weeks At least 1 year but less than 2 years 6 weeks At least 2 year but less than 3 years 8 weeks At least 3 year but less than 4 years 12 weeks At least 4 year but less than 5 years 16 weeks At least 5 years 20 weeks plus: • an additional 3 weeks for each subsequent completed year of Continuous Service; and TELSTRA CORPORATION LIMITED (ABN 33 051 775 556) TELSTRA LIMITED ENTERPRISE AGREEMENT 2022-2024 • a pro rata payment (based on 3 weeks’ pay for a completed year) for any completed months of Continuous Service since your last completed year of Continuous Service b) If you: : i) are over 50, and and ii) have completed more than 5 years of Continuous Service, Telstra we will pay you an additional week’s pay for each service date passed after you turned 50 (and a pro rata payment of 1 week for any completed months of Continuous Service since your last completed year of Continuous Service). c) Telstra We will pay a minimum benefit of 4 weeks’ pay and a maximum benefit of 80 weeks’ pay. d) Your retrenchment benefit is inclusive of any entitlement to pay in lieu of notice of termination, up to 4 weeks. . e) If you have an entitlement to more than 4 weeks’ notice, Telstra we will pay you the amount in excess of 4 weeks. e) . Your retrenchment benefit is in addition to any remuneration earned during your Placement Period, which is generally a minimum of 4 weeks. f) Section 14 13 explains how Telstra calculates we calculate your pay for the purposes of paying your retrenchment and separation benefits. g) Notwithstanding any other provision of this Agreement, if you are retrenched, Telstra we will pay you at least any minimum payments to which you are entitled under the NES.

Your retrenchment benefits. a) Your retrenchment benefit will be calculated in accordance with the table below: Completed years of Continuous Service Retrenchment Benefit Less than 1 year 4 weeks At least 1 year but less than 2 years 6 weeks At least 2 year but less than 3 years 8 weeks At least 3 year but less than 4 years 12 weeks At least 4 year but less than 5 years 16 weeks At least 5 years 20 weeks plus: • an additional 3 weeks for each subsequent completed year of Continuous Service; and • a pro rata payment (based on 3 weeks’ pay for a completed year) for any completed months of Continuous Service since your last completed year of Continuous Service b) If you: : i) are over 50, and and ii) have completed more than 5 years of Continuous Service, Telstra will pay you an additional week’s pay for each service date passed after you turned 50 (and a pro rata payment of 1 week for any completed months of Continuous Service since your last completed year of Continuous Service). c) Telstra will pay a minimum benefit of 4 weeks’ pay and a maximum benefit of 80 weeks’ pay. d) Your retrenchment benefit is inclusive of any entitlement to pay in lieu of notice of termination, up to 4 weeks. If you have an entitlement to more than 4 weeks’ notice, Telstra will pay you the amount in excess of 4 weeks. e) Your retrenchment benefit is in addition to any remuneration earned during your Placement Period, which is generally a minimum of 4 weeks. f) Section 14 explains how Telstra calculates your pay for the purposes of paying your retrenchment and separation benefits. g) Notwithstanding any other provision of this Agreement, if you are retrenched, Telstra will pay you at least any minimum payments to which you are entitled under the NES.Telstra

Your retrenchment benefits. a) Your Subject to clause 53.4, your retrenchment benefit will be calculated in accordance with the table below: Completed years of Continuous Service Retrenchment Benefit Less than 1 year 4 weeks At least 1 year but less than 2 years 6 weeks At least 2 year years but less than 3 years 8 weeks At least 3 year years but less than 4 years 12 weeks At least 4 year years but less than 5 years 16 weeks At least 5 years 20 weeks plus: • an additional 3 weeks for each subsequent completed year of Continuous Service; and • a pro rata payment (based on 3 weeks’ pay for a completed year) for any completed months of Continuous Service since your last completed year of Continuous Service b) If you: : i) are over 50, and and ii) have completed more than 5 years of Continuous Service, Telstra we will pay you an additional week’s pay for each service date passed after you turned 50 (and a pro rata payment of 1 week for any completed months of Continuous Service since your last completed year of Continuous Service). c) Telstra We will pay a minimum benefit of 4 weeks’ pay and a maximum benefit of 80 weeks’ pay. d) Your retrenchment benefit is inclusive of any entitlement to pay in lieu of notice of termination, up to 4 weeks. If you have an entitlement to more than 4 weeks’ notice, Telstra we will pay you the amount in excess of 4 weeks. e) Your retrenchment benefit is in addition to any remuneration earned during your Placement Period, which is generally a minimum of 4 weeks. f) Section 14 12 explains how Telstra calculates we calculate your pay for the purposes of paying your retrenchment and separation benefits. g) Notwithstanding any other provision of this Agreement, if you are retrenched, Telstra we will pay you at least any minimum payments to which you are entitled under the NES.