Calculation Date. The present value of the Retirement Pay benefits contained in the Prior Agreement shall be calculated as of June 30, 2004. The interest earned on the present value as of June 30, 2004, at the time the bond proceeds are actually deposited will be added to the June 30, 2004, present value at the time of deposit.
Appears in 2 contracts
Sources: Collective Bargaining Agreement, Collective Bargaining Agreement
Calculation Date. The present value of the Retirement Pay Severance benefits contained in the Prior 2003-04 Agreement shall be calculated as of June 30, 2004. The interest earned on the present value as of June 30, 2004, at the time the bond proceeds are actually deposited will be added to the June 30, 2004, present value at the time of deposit.
Appears in 1 contract
Sources: Collective Bargaining Agreement