TERMINATION OF EMPLOYMENT PRIOR TO AGE 62 Clause Samples

TERMINATION OF EMPLOYMENT PRIOR TO AGE 62. If the Executive's employment with the Company is terminated by the Company for any reason other than for Cause prior to his 62nd birthday, then the following shall apply: provided, however, that in the event of the Executive's death prior to his termination, he shall not be entitled to the Service Enhancement under Section 3(a)(i) below: (i) SUPPLEMENTAL PENSION BENEFIT IN THE EVENT OF TERMINATION PRIOR TO AGE 62. In the event that such termination occurs prior to the Executive's 62nd birthday, the Company will pay to the Executive pursuant to this Agreement a supplemental monthly pension benefit equal to the excess, if any, of "A" over "B", where: "A" equals the aggregate monthly benefit the Executive would have received under the Pension Plans upon retirement assuming that the Executive had continued service with the Company equal to the sum of (I) the number of years of credited service the Executive has with the Pechiney Group as of the Termination Date plus (II) the Service Enhancement. Such benefit will be calculated based upon the highest consecutive 60 months, or such fewer number of months equal to the Executive's period of employment with the Company of compensation (as defined for the purposes of the Pension Plans) the Executive received from the Company during his employment; and