Benefits during Phased Retirement Program. 19.5.1 The Participant's contributions to the pension plan will be based on his or her actual salary received in each year of the phased retirement.
Benefits during Phased Retirement Program Sample Clauses
Related to Benefits during Phased Retirement Program
REGISTERED RETIREMENT SAVINGS PLAN 1. In this Article:
Post-Retirement Benefits The present value of the expected cost of post-retirement medical and insurance benefits payable by the Borrower and its Subsidiaries to its employees and former employees, as estimated by the Borrower in accordance with procedures and assumptions deemed reasonable by the Required Lenders is zero.
Severance Termination (a) Subject to 56.7 above, indeterminate employees on 4 June 2014 shall be entitled to a severance payment equal to one (1) week's pay for each complete year of continuous employment and, in the case of a partial year of continuous employment, one (1) week's pay multiplied by the number of days of continuous employment divided by three hundred sixty-five (365), to a maximum of thirty (30) weeks.
