Common use of Maximum Payment Clause in Contracts

Maximum Payment. The early retirement incentive and the amount payable to the Retiree in accordance with Article 9.01.A.5 together shall in no case exceed seventy percent (70%) of the Retiree's salary as of the date of the Retiree's retirement.

Maximum Payment. The early retirement incentive and the amount payable to the Retiree in accordance with Article 9.01.A.5 9.01A5 together shall in no case exceed seventy percent (70%) of the Retiree's salary as of the date of the Retiree's retirement.