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LETTER OF UNDERSTANDING

SELF-IDENTIFICATION/VOLUNTARY DEPARTURE

 

At any time during the life of the Collective Agreement, an employee may apply for an incentive under the Voluntary Retirement Termination Incentive Program (VRTIP) or for a voluntary severance payout pursuant to the amounts prescribed in Article 27 of the Collective Agreement.

The Union acknowledges that the approval of such applications rests solely with the Company.

 

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