Common use of Accrued Benefit Clause in Contracts

Accrued Benefit. The Accrued Benefit for each employee in the service of the Company on or after January 1, 1991 will be equal to $20.00 per month for each year of Credited Past Service and $25.00 per month for each year of Credited Future Service.

Accrued Benefit. The Accrued Benefit for each employee in the service of the Company on or after January 1, 1991 will be equal to $20.00 per month for each year of Credited Past Service and $25.00 26.00 per month for each year of Credited Future Service.