ARTICLE II
SEPARATION ALLOWANCE

1. As a result of this agreement, the Carrier on the effective date of this agreement shall solicit voluntary separation requests from eligible employes for a period of thirty (30) calendar days. The amount of the Separation Allowance shall be an amount equal to $2,200 for each year of continuous service, such total will not however, exceed $75,000 or the employes 1990 earnings, which ever is greater.

a. A year of continuous service is defined as six (6) months and one (1) day.

b. Examples of separation amounts are described:

- 31 years - 7 months continuous service equals 32 years x $2,200 = $70,400

- 22 years - 4 months continuous service equals 22 years x $2,200 = $48,400

2. The separation amounts will be subject to all deductions required by law and will be in addition to any vacation qualified days due an employe.

3. Employes electing separation shall be afforded the distribution options set forth in Attachment I. The terms of said Attachment I shall govern in the granting of separations.

4. Employes electing separation will have such total reduced by the lump sum Special Allowance that the employe may elect and receive under Article VI, Section 3(c) of this agreement.