F. End of Career Sick Leave/Advance Notice of Planned RetirementBonus
1. A pilot who reaches age 60 prior to his retirement date, and who pro-vides at least 12 months advance written notice that his retirement date will be either during the month in which he turns the regulated age or on December 31 of a specified year, shall be eligible for the
End of Career Sick Leave/Advance Notice of Planned Retirement Bo-nus (Bonus).
2. Such pilot’s Bonus shall be based on the sum of his eligible earnings, as defined in Section 28.F.3., in the 24 calendar months immediately
preceding his last day of employment as a pilot, including the month containing the pilot’s last day of employment, including any vacation paid after the pilot’s last day of employment.
3. Eligible earnings shall include all pensionable earnings during that 24 calendar month period, except earnings attributable to sick leave
(DSA, RSA).
4. A pilot’s Bonus shall be the lesser of:
a. 50% of the pilot’s eligible earnings in excess of $520,000; or
b. 50% of the pilot’s closing DSA bank balance, multiplied by his lasthourly rate, or
c. $110,000.
Credit Hoove cause I stole his post of the CBA from somewhere else...