Common use of ACCRUAL PERCENTAGE Clause in Contracts

ACCRUAL PERCENTAGE. The Accrual Percentage shall equal the lesser of (A) the sum of (i) through (v) below, and (B) 50%: (i) 10%; plus (ii) 2%, if the Executive is employed by the Company on June 30, 2005; plus (iii) 4% for each full Year (as defined below) the Executive is employed by the Company from July 1, 2005 through June 30, 2010; plus (iv) 2% for each full Year the Executive is employed by the Company from July 1, 2010 through June 30, 2014; plus (v) 1% for each full Year the Executive is employed by the Company thereafter.

ACCRUAL PERCENTAGE. The Accrual Percentage shall equal the lesser of (A) the sum of (i) through (v) below, and (B) 50%: (i) 10%; plus (ii) 2%, if the Executive is employed by the Company on June 30, 2005; plus (iii) 43% for each full Year (as defined below) the Executive is employed by the Company from July 1, 2005 through June 30, 20102008; plus (iv) 2% for each full Year the Executive is employed by the Company from July 1, 2010 2008 through June 30, 20142016; plus (v) 1% for each full Year the Executive is employed by the Company thereafter.

ACCRUAL PERCENTAGE. The Accrual Percentage shall equal the lesser of (A) the sum of (i) through (v) below, and (B) 50%: (i) 10%; plus (ii) 2%, if the Executive is employed by the Company on June 30, 2005; plus (iii) 4% for each full Year (as defined below) the Executive is employed by the Company from July 1, 2005 through June 30, 20102008; plus (iv) 2% for each full Year the Executive is employed by the Company from July 1, 2010 2008 through June 30, 20142018; plus (v) 1% for each full Year the Executive is employed by the Company thereafter.

ACCRUAL PERCENTAGE. The Accrual Percentage shall equal the lesser of (A) the sum of (i) through (v) below, and (B) 50%: (i) 10%; plus (ii) 2%, if the Executive is employed by the Company on June 30, 2005; plus (iii) 4% for each full Year (as defined below) the Executive is employed by the Company from July 1, 2005 through June 30, 20102008; plus (iv) 2% for each full Year the Executive is employed by the Company from July 1, 2010 2008 through June 30, 20142018; plus (v) 1% for each full Year the Executive is employed by the Company thereafter. For purposes of this Agreement, “Year” means the twelve-month period commencing each July 1 and ending each June 30.

ACCRUAL PERCENTAGE. The Accrual Percentage shall equal the lesser of (A) the sum of (i) through (v) below, and (B) 50%: (i) 10%; plus (ii) 2%, if the Executive is employed by the Company on June 30, 2005; plus (iii) 4% for each full Year (as defined below) the Executive is employed by the Company from July 1, 2005 through June 30, 2010; plus (iv) 2% for each full Year the Executive is employed by the Company from July 1, 2010 through June 30, 2014; plus (v) 1% for each full Year the Executive is employed by the Company thereafter. For purposes of this Agreement, “Year” means the twelve-month period commencing each July 1 and ending each June 30.