Charles, Who Is Working for Impulsive Motors for the Last

Multiple Choice

Charles, who is working for Impulsive Motors for the last 34 years, wants to take voluntary retirement from the company. However, he does not want to leave without receiving the full benefits of the company's retirement plan and therefore stalls his retirement for another year. It is stated in the company policies that a person will only receive all the retirement benefits if he or she has worked in the company for at least 35 years. In this case, the period of 35 years is the _____.

A) grace period
B) upliftment period
C) vesting period
D) tie-up period