PostNL and Pension Fund PostNL have signed an agreement to determine details and conditions of the final payment for transitional plans. This results in a significant improvement in PostNL’s FY 2020 outlook for free cash flow. Employees’ soft pension...Final Payment Agreement • June 2nd, 2020
Based on the financing agreement with the Pension Fund, the final payment for transitional plans at year-end 2020 was determined on parameters as in Q3 2019, when interest rates were very low. Taking into account the interests of all stakeholders, PostNL initiated discussions with the Pension Fund on options for a solution to smooth the impact of low interest rates in determining the final payment. It has now been agreed that the maximum final payment will be €290 million. This is €10 million below the initially determined amount. Should interest rates develop favourably, the final payment could be lower.
EXHIBIT 10.34 January 8, 1997 Mr. Mark Schaftlein President WESTMARK MORTGAGE CORPORATION 355 North East 5th Avenue, Suite 4 Delray Beach, Florida 33483 RE: WESTMARK HOLDINGS, INC. GRUBB & ELLIS COMPANY FINAL PAYMENT AGREEMENT Dear Mark: Mr. Alan...Final Payment Agreement • April 29th, 1997 • Westmark Group Holdings Inc • Mortgage bankers & loan correspondents
