Note 3-46

46 The revised law allows companies that intend to introduce continuing employment plans to set criteria for elderly persons eligible under these plans in accordance with labor-management agreements. In addition, as a transitional measure, companies may set criteria at their own discretion during the three-year period from FY2006 (five years for business establishments with fewer than 300 regular employees), in the case where labor-management agreements have not been established concerning the criteria for eligible employees.