Barlow Sample Clauses

Barlow. DOB: 8/18/1941 Early Retirement Disability Change of Control Plan Anniv Date: 9/1/2003 Retirement Age: 65 Installment Installment Installment Payments: Monthly Installments Payable at 65 Payable at 65 Payable at 65 ---------------------------------------------------------------------------------------------------- Benefit Accrual Based On Based On Based On Level/2/ Balance Vesting Benefit Vesting Benefit Vesting Benefit Period --------------------------------------------------------------------------------- Ending Age (1) (2) (3) (4) (5) (6) (7) (8) ---------------------------------------------------------------------------------------------------- Aug 2003/1/ 62 32,004 62,070 20% 6,401 100% 32,004 100% 36,000 Aug 2004 63 33,284 132,743 40% 13,314 100% 33,284 100% 36,000 Aug 2005 64 34,615 214,893 60% 20,769 100% 34,615 100% 36,000 Aug 2006 65 36,000 316,015 100% 36,000 100% 36,000 100% 36,000 August 2006 Retirement, 9/1/2006 First Payment Date ---------------------------------------------------------------------------------------------------- /1/ The first line reflects 12 months of data, September 2002 to August 2003. /2/ Benefit amount based on a beginning compensation of $30,773 inflating at 4.00% each year to $36,000 at retirement. Annual Benefit payment of $36,000 is 100% of projected final compensation.
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