Opinion ID: 1998251
Heading Depth: 1
Heading Rank: 9

Heading: Amount and Payment of VTI

Text: The amount of VTI will be up to one week's pay for each year of Company service (a partial year is figured to the nearest month). The VTI will not be offset by any severance pay or previous VTI you may have received in the past. It also is in addition to any pension rights for which you may be eligible. Your VTI is subject to income tax withholding. When you sign up as a volunteer to terminate with a VTI, you will need to choose how you want your VTI paid to you from whichever of the following alternatives are authorized by site management:  lump sum at termination;  lump sum deferred until January of the year following termination;  twelve equal monthly installments starting at termination; or  twenty-four equal monthly installments starting at termination. Once you make this choice, you can't change it. If you are reemployed by any Du Pont location before you have received complete payment of your VTI, payment of the unpaid balance will be stopped; however, you will not have to pay back any VTI amount you have already received. You will not be entitled to a VTI if you resign in anticipation of a permanent reduction of force.