The Termination Payments Schedule sets out a formula for calculating each Termination Payment.
Each Termination Payment formula is structured so that:
• component 'A' is the starting point for calculating each Termination Payment;
• the same letter is used in each formula for the equivalent component across the formulae (for example, component 'H(i)' for Insurance proceeds). There may be differences in the scope of a component based on the formula in which the component is used.