GROSS BENEFIT Clause Samples
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GROSS BENEFIT. The Gross Benefit shall equal an annual payment equal to the product of the Accrual Percentage (as calculated in accordance with subsection 2(c) below) multiplied by the Final Average Earnings (as defined in subsection 2(d) below).
GROSS BENEFIT. The Gross Benefit shall equal an annual single-life annuity payment equal to the product of the Accrual Percentage (as calculated in accordance with subsection 2(b) below) multiplied by the Final Average Earnings (as defined in subsection 2(c) below).