Calculation of Retirement Pay. Employees retiring from the service of the Library shall be paid at the rate of two (2) days pay for each year of service with the Library to a maximum of twenty-two (22) working days.
Calculation of Retirement Pay Sample Clauses
Related to Calculation of Retirement Pay
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.
Normal Retirement Normal Retirement Age under the Plan is: (Choose (a) or (b)) [X] (a) 65 [State age, but may not exceed age 65].
