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.
TEAM is an affiliate of the International Federation of Professional and Technical Engineers (IFPTE), AFL-CIO & CLC. Established on July 1, 1918, the IFPTE is a diverse labour union advocating on behalf of more than 80,000 women and men in professional, technical, administrative and associated occupations in Canada and the United States.