Not Married on Early Retirement Date. If Employee is not married on his Early Retirement Date, Employee’s Early Retirement Benefit shall be: 50% times Final Average Pay multiplied by the applicable percentage as set forth in the following schedule: Age at which Early Retirement Benefits Commence 62 61 60 Applicable Percentage 100 % 90 80 payable annually for the life of Employee with a ten year certain guarantee, with payments commencing on Employee’s Early Retirement Date, and subsequent payments made on each anniversary thereof.
Appears in 2 contracts
Samples: Employment Agreement (MKS Instruments Inc), Employment Agreement (MKS Instruments Inc)
Not Married on Early Retirement Date. If Employee is not married on his Early Retirement Date, Employee’s Early Retirement Benefit shall be: 50% times Final Average Pay multiplied by the applicable percentage as set forth in the following schedule: Age at which 62 61 60 Early Retirement Benefits Commence 62 61 60 Applicable Percentage 100 % 90 80 payable annually for the life of Employee with a ten year certain guarantee, with payments commencing on Employee’s Early Retirement Date, and subsequent payments made on each anniversary thereof.
Appears in 2 contracts
Samples: Separation Agreement (MKS Instruments Inc), Employment Agreement (MKS Instruments Inc)
Not Married on Early Retirement Date. If Employee is not married on his Early Retirement Date, Employee’s Early Retirement Benefit shall be: 50% times Final Average Pay multiplied by the applicable percentage as set forth in the following schedule: Age at which Early Retirement Benefits Commence 64 63 62 61 60 Applicable Percentage 100 90 % 90 80 60 40 20 payable annually for the life of Employee with a ten year certain guarantee, with payments commencing on Employee’s Early Retirement Date, and subsequent payments made on each anniversary thereof.
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