Common use of Phase and duration Clause in Contracts

Phase and duration. Employees may apply to reduce their work week to four (4) or three (3) days per week on their current permanent position for the duration of the phased retirement. The work week may also be reduced from four days to three days during this period (i.e. after 6 months). The duration of the phased retirement will be one year. At the end of the one year, the employee will retire. This period may be extended with concurrence of the General Chair and General Manager.

Phase and duration. Employees may apply to reduce their work week to four (4) or three (3) days per week on their current permanent position or another arrangement for the duration of the phased progressive retirement. The work week may also be reduced from four days to three days during this period (i.e. after 6 months)period. The duration of the phased retirement will cease when the employee reaches 65 years old or quit the Company’s service. Note: To be one year. At eligible for the end of the one year, Progressive Retirement Program the employee will retire. This period may be extended with concurrence of the General Chair and General Managerhave to agree to retire at 65 years old.