Common use of Alternative Flat Percentage Formula Clause in Contracts

Alternative Flat Percentage Formula. (insert percentage) of Final Average Earnings multiplied by years of Total Credited Service as an Eligible Regular Employee. This formula applies to the following Participants (must specify - specific positions are permissible; specific individuals may not be named): .

Alternative Flat Percentage Formula. 1.75% (insert percentage) of Final Average Earnings multiplied by years of Total Credited Service as an Eligible Regular Employee. This formula applies to the following Participants (must specify - specific positions are permissible; specific individuals may not be namedspecify): Eligible Regular Employees other than those described in subparagraph 15(B)(1)(a) above.

Alternative Flat Percentage Formula. (insert percentage) of Final Average Earnings multiplied by years of Total Credited Service as an Eligible Regular Employee. This formula applies to the following Participants (must specify - specific positions are permissible; specific individuals may not be namedspecify): .