Common use of Individual requirements Clause in Contracts

Individual requirements. Early retirement pension supplements are disbursed to employees born in 1957 or later, and are conditional upon the employee • having been granted AFP from the Joint Scheme for early- retirement pensions, • having been employed at the withdrawal point in time for AFP at a company associated with the Early Retirement Pension Supplement Scheme, and • having has an average income for the past three calendar years before receipt of the payment that does not exceed 7.1 G [basic national insurance amount]. After withdrawal of the early retirement pension supplement, a gross annual income of up to 15,000 NOK is permitted. A higher income involves the Early Retirement Pension Supplement being rescinded in its entirety, and that a new early retirement pension supplement cannot be granted. The Early Retirement Pension Supplement Scheme may adopt rules concerning what is meant by average income and what is meant by gross annual income, as well as adjust the income limit of NOK 15,000. For the rules applicable at any point in time concerning a right to an Early Retirement Pension Supplement, see the Early Retirement Pension Supplement Scheme's Web pages xxx.xxxxxxxxxxxxxxx.xx.

Individual requirements. Early retirement pension supplements are disbursed to employees born in 1957 or later, and are conditional upon the employee • - having been granted AFP from the Joint Scheme for early- retirement pensions, • - having been employed at the withdrawal point in time for AFP at a company associated with the Early Retirement Pension Supplement Scheme, and • - having has an average income for the past three calendar years before receipt of the payment that does not exceed exceed 7.1 G [basic national insurance amount]. After withdrawal of the early retirement pension supplement, a gross annual income of up to 15,000 NOK is permitted. A higher income involves the Early Retirement Pension Supplement being rescinded in its entirety, and that a new early retirement pension supplement cannot be granted. The Early Retirement Pension Supplement Scheme may adopt rules concerning what is meant by average income and what is meant by gross annual income, as well as adjust the income limit of NOK 15,000. For the rules applicable at any point in time concerning a right to an Early Retirement Pension Supplement, see the Early Retirement Pension Supplement Scheme's Web pages xxx.xxxxxxxxxxxxxxx.xx.