Common use of Benefits Tables Clause in Contracts

Benefits Tables. The following tables describe the benefits available to the Executive, or the Executive’s Beneficiary, upon the occurrence of certain events. Capitalized terms have the meanings given them in Article 3. Except for payments remaining at death (if any), each benefit described is in lieu of any other benefit herein. Separation from Service without Cause following Normal Retirement Age $60,000 per year Monthly installments Payments begin: 1st day of the month following Separation from Service Duration: 10 years Separation From Service Without Cause on or after age 62 but before age 63 $42,000 per year Equal monthly installments over ten years Payments begin: 1st day of the month following Separation from Service Duration: 10 years Separation From Service without Cause on or after age 63 but before age 64 $48,000 per year Equal monthly installments over ten years Payments begin: 1st day of the month following Separation from Service Duration: 10 years Separation From Service without Cause on or after age 64 but before Normal Retirement Age $54,000 per year Equal monthly installments over ten years Payments begin: 1st day of the month following Separation from Service Duration: 10 years Voluntary Separation from Service, including termination for Disability Vested Accrued Liability Balance, as of Separation from Service Equal monthly installments over ten years Payments begin: 1st day of the month following Separation from Service Duration: 10 years Involuntary Separation from Service Without Cause Vested Accrued Liability Balance, as of Separation from Service Equal monthly installments over ten years Payments begin: 1st day of the month following Separation from Service Duration: 10 years Separation from Service Without Cause following Change in Control $60,000 per year Equal monthly installments over ten years Payments begin: 1st day of the month coincident with or following attainment of Normal Retirement Age