Common use of Accrued Liability Balance Interest Rate Clause in Contracts

Accrued Liability Balance Interest Rate. Until such time as Executive Separates from Service, becomes Disabled or forfeits a benefit by operation of this Agreement, the ALB shall be credited with interest compounding annually at the Accrued Liability Interest Rate, which shall be determined as follows: the average of the Citigroup Pension Liability Index (CPU) over the preceding twelve (12) months. In the event the CPU is no longer available, an equivalent instrument shall be determined by the Bank’s actuaries and shall be utilized.

Accrued Liability Balance Interest Rate. Until such time as Executive Separates from From Service, becomes Disabled or forfeits a benefit by operation of this Agreement, the ALB shall be credited with interest compounding annually at the Accrued Liability Interest Rate, which shall be determined as follows: the average of the Citigroup Pension Liability Index (CPU) over the preceding twelve (12) months. In the event the CPU is no longer available, an equivalent instrument shall be determined by the Bank’s actuaries and shall be utilized.