Eligible employees electing to participate in either Part A
or Part B of the retirement incentive described herein shall receive
payment for any accrued time to which they are entitled according
to the following schedule:
A. One-third of the total during the second pay period following their
actual retirement date.
B. One-third during the 14th pay period of 2011.
C. One-third during the 14th pay period of 2012.