Common use of Basis of Severance Payment Clause in Contracts

Basis of Severance Payment. The amount of the severance payment, upon retirement, shall be to a maximum of 200 days' pay at the employee's daily rate of pay as of the date of retirement, not to exceed $20,000.

Basis of Severance Payment. The amount of the severance payment, upon retirement, shall be to a maximum of 200 one-hundred (100) days' ’ pay at the employee's ’s daily rate of pay as of the date of retirement, not to exceed $20,0008,500, in accordance with subdivisions 1 and 2.

Basis of Severance Payment. The amount of the severance payment, upon early retirement, shall be to a maximum of 200 days' eighty (80) days pay at the employee's ’s daily rate of pay as of the date of early retirement, not to exceed $20,00012,500 in accordance with subdivisions 1 and 2.

Basis of Severance Payment. The amount of the severance payment, upon retirement, shall be to a maximum of 200 days' one-hundred (100) days pay at the employee's ’s daily rate of pay as of the date of retirement, not to exceed $20,0008,500, in accordance with subdivisions 1 and 2.

Basis of Severance Payment. The amount of the severance payment, upon retirement, shall be to a maximum of 200 170 days' pay at the employee's daily rate of pay as of the date of retirement, not to exceed $20,000.17,000.00

Basis of Severance Payment. The amount of the severance payment, upon retirement, shall be to a maximum of 200 days' 170 days of pay at the employee's ’s daily rate of pay as of the date of retirement, not to exceed $20,00025,000.00.