Division 2 Payment of the indemnity

Staff members shall be entitled to an indemnity or allowance amounting to 100 % of their net monthly remuneration multiplied by the number of years of service at the SATCEN.

Net remuneration shall be taken to mean basic salary plus all additional allowances and indemnities paid monthly.

However, the amount of indemnity or allowance so calculated shall be subject to a ceiling which is set at 18 months.

Furthermore, the amount of the indemnity shall not represent a number of months, or fractions of months in excess of the period which the staff member would still have to serve before reaching the age limit specified in Article 5.

Finally, such indemnity or allowance, when added to the total pension to be received on account of the Pension Scheme until the age of 65 and to the payment instead of notice, shall not amount to more than the emoluments the staff member would have received had he remained in employment with the Organisation in his last grade and step until such age.