Common use of Retirement Plan Benefits Clause in Contracts

Retirement Plan Benefits. 4.1 The Company shall pay to you an amount equal to the difference between your monthly retirement benefit payable under The Reader's Digest Association, Inc. Retirement Plan (the "Retirement Plan"), the Excess Benefit Retirement Plan of The Reader's Digest Association, Inc. (the "Excess Benefit Retirement Plan") and The Reader's Digest Executive Retirement Plan (the "Executive Retirement Plan") and the amount that would have been payable if your age and aggregate periods of service under those plans included the Severance Period. In addition, the Severance Period shall be considered to be additional Credited Service for all purposes (including vesting) under the Executive Retirement Plan. Any amount payable under this Section 4.1 shall be payable at the same time and in the same form as such payments would have been made under the Retirement Plan. 4.2 Upon completion of the Severance Period, if you are not vested under the Retirement Plan, the Excess Retirement Plan or the Executive Retirement Plan, you will receive a lump sum payment in the amount of the equivalent actuarial value (as determined under the Retirement Plan) of pension credits that would have been earned through the end of the Severance Period, without regard to vesting, with any such payment to be made within 90 days of the end of the Severance Period.