Common use of Incentive Payment Clause in Contracts

Incentive Payment. 11.3.1 An employer may offer and an employee may accept an early retirement incentive based on the age at retirement to be paid in the following amounts Age at Retirement % of Annual Salary at Time of Retirement 11.3.2 An employer may opt to pay the early retirement incentive in three equal annual payments over a thirty-six (36) month period. 11.3.3 Eligible bargaining unit members may opt for a partial early retirement with a pro- rated incentive.

Incentive Payment. 11.3.1 An employer may offer and an employee may accept an early retirement incentive based on the age at retirement to be paid in the following amounts Age at Retirement % of Annual Salary at Time of Retirement 11.3.2 An employer may opt to pay the early retirement incentive in three equal annual payments over a thirty-six (36) month period. 11.3.3 Eligible bargaining unit members may opt for a partial early retirement with a pro- pro-rated incentive.

Incentive Payment. 11.3.1 An employer The Employer may offer and an employee Employee may accept an early retirement incentive based on the age at retirement to be paid in the following amounts Age at amounts. Full Years to Normal Retirement % Percentage of Annual Salary at Time of Retirement 11.3.2 An employer may opt to pay the early retirement incentive in three equal annual payments over a thirty-six (36) month period. 11.3.3 Eligible bargaining unit members may opt for a partial early retirement with a pro- rated incentive.Retirement 5 or more 100% 4 80% 3 60% 2 40% 1 20%

Incentive Payment. 11.3.1 An employer Employer may offer and an employee may accept an early retirement incentive based on the age at retirement to be paid in the following amounts Age at Retirement % of Annual Salary at Time of Retirement 11.3.2 An employer Employer may opt to pay the early retirement incentive in three equal annual payments over a thirty-six (36) month period. 11.3.3 Eligible bargaining unit members may opt for a partial early retirement with a pro- rated incentive.

Incentive Payment. 11.3.1 An employer may offer and an employee may accept an early retirement incentive based on the age at retirement to be paid in the following amounts Age at Retirement % of Annual Salary at Time of Retirement 11.3.2 An employer may opt to pay the early retirement incentive in three equal annual payments over a thirty-six (36) month period. 11.3.3 Eligible bargaining unit members may opt for a partial early retirement with a pro- rated incentive.amounts

Incentive Payment. 11.3.1 An employer may offer and an employee may accept an early retirement incentive based on the age at retirement to be paid in the following amounts Age at Retirement % of Annual Salary at Time of Retirement 11.3.2 An employer Employer may opt to pay the early retirement incentive in three equal annual payments over a thirty-six (36) month period. 11.3.3 Eligible bargaining unit members may opt for a partial early retirement with a pro- pro-rated incentive.

Incentive Payment. 11.3.1 30.8.3.1 An employer Employer may offer and an employee may accept an early retirement incentive based on the age at retirement to be paid in the following amounts Age at Retirement % of Annual Salary at Time of RetirementRetirement 55 to 59 100% 60 80% 61 60% 62 40% 63 20% 64 0% 11.3.2 30.8.3.2 An employer Employer may opt to pay the early retirement incentive in three equal annual payments over a thirty-six (36) month period. 11.3.3 30.8.3.3 Eligible bargaining unit members may opt for a partial early retirement with a pro- pro-rated incentive.

Incentive Payment. 11.3.1 An employer 34.2.3.1 OUC may offer and an employee may accept an early retirement incentive based on the age at retirement to be paid in the following amounts amounts: Age at Retirement % of Annual Salary at Time of RetirementRetirement 55 to 59 100% 60 80% 61 60% 62 40% 63 20% 64 0% 11.3.2 An employer 34.2.3.2 OUC may opt to pay the early retirement incentive in three equal annual payments over a thirty-six (36) month period. 11.3.3 34.2.3.3 Eligible bargaining unit members employees may opt for a partial early retirement with a pro- pro-rated incentive.

Incentive Payment. 11.3.1 An employer may offer and an employee may accept an early retirement incentive based on the age at retirement to be paid in the following amounts Age at Retirement % of Annual Salary at Time of Retirementamounts 11.3.2 An employer may opt to pay the early retirement incentive in three equal annual payments over a thirty-six (36) 36 month period. 11.3.3 Eligible bargaining unit members may opt for a partial early retirement with a pro- rated incentive.

Incentive Payment. 11.3.1 An employer may offer and an employee may accept an early retirement incentive based on the age at retirement to be paid in the following amounts Age at Retirement % of Annual Salary at Time of Retirement 11.3.2 Retirement An employer may opt to pay the early retirement incentive in three equal annual payments over a thirty-six (36) month period. 11.3.3 . Eligible bargaining unit members may opt for a partial early retirement with a pro- rated incentive.

Incentive Payment. 11.3.1 An employer may offer and an employee may accept an early retirement incentive based on the age at retirement to be paid in the following amounts Age at Retirement % of Annual Salary at Time of Retirement 11.3.2 Retirement 55 to 59 100% 60 80% 61 60% 62 40% 63 20% 64 0% An employer may opt to pay the early retirement incentive in three equal annual payments over a thirty-six (36) month period. 11.3.3 Eligible bargaining unit members may opt for a partial early retirement with a pro- rated incentive.six

Incentive Payment. 11.3.1 An employer may offer and an employee may accept an early retirement incentive based on the age at retirement to be paid in the following amounts Age at Retirement 55 to 59 100% of Annual Salary at Time of Retirement60 80% 61 60% 62 40% 63 20% 11.3.2 An employer may opt to pay the early retirement incentive in three equal annual payments over a thirty-six (36) month period. 11.3.3 Eligible bargaining unit members may opt for a partial early retirement with a pro- rated incentive.

Incentive Payment. 11.3.1 An employer may offer and an employee may accept an early retirement incentive based on the age at retirement to be paid in the following amounts Age at Retirement 55 to 59 100% of Annual Salary at Time of Retirement60 80% 61 60% 62 40% 63 20% 11.3.2 An employer may opt to pay the early retirement incentive in three equal annual payments over a thirty-six (36) month period. 11.3.3 Eligible bargaining unit members may opt for a partial early retirement with a pro- pro-rated incentive.

Incentive Payment. 11.3.1 An employer may offer and an employee may accept an early retirement incentive based on the age at retirement to be paid in the following amounts Age at Retirement % to %of Annual Salary at Time of Retirement 11.3.2 Retirement An employer may opt to pay the early retirement incentive in three equal annual payments over a thirty-six (36) month period. 11.3.3 Eligible bargaining unit members may opt for a partial early retirement with a pro- rated . incentive.