ARTICLE IV
SEPARATION ALLOWANCE

1. (a) On or before January 1, 1992, the Company will solicit voluntary separation requests from eligible employee. (An eligible employe under this Article is defined as an employe holding seniority and in active service on the Eastern District in the craft covered by this Agreement.)

(b) The amount of the separation allowance shall be as follows :

(i) Crew Consist Protected Employes - $60,000
(hired prior to August 1, 1984)

(ii) Non-Crew Consist Protected Employes - $40.000

NOTE: If the W-2 for 1990 (ED earnings for the year not including lump sum payments) is larger, the separation allowance shall be equal to the adjusted W2.

2. All separation allowance requests must be received by the designated Carrier official within 30 days from the designated offer date as set forth above. Separation allowance may be delayed until sufficient conductors are available.