Common use of Bridge Benefit Clause in Contracts

Bridge Benefit. Subject to Income Tax Act (Canada) limitations, an employee who elects to retire on or after his sixtieth (60) birthday but prior to his sixty-fifth (65) birthday who has at least 30 years of service with Visteon and/or the Company at the time of retirement shall be entitled to a monthly bridge benefit equal to the product of:

Appears in 3 contracts

Sources: Collective Bargaining Agreement, Collective Bargaining Agreement, Collective Bargaining Agreement