Staff are being offered the same alternative for their future pension provision as new recruits, a "hybrid" plan that combines a DC component with a promise to pay a guaranteed sum of money into the account at retirement.
Microsoft and Facebook did not release any financial details of the deal or whether Microsoft was paying a percentage of revenues or a guaranteed sum to Facebook each year.
The report added: "The expectation is that a minimum 40,000 tickets will be sold, which should enable USA Rugby to make a sizeable profit after they have paid the New Zealand Rugby Union a guaranteed sum, believed to be $1m to cover their costs".
Amid a large-scale lobbying effort by the sports governing bodies in the wake of London winning the right to host the Games, the Labour government agreed to give them a guaranteed sum over four years in return for meeting various participation targets.
America's biggest network, around Tempe, Arizona, was aiming for 32,000 subscribers, but had only 600 in April 2006 and has not provided figures since.EarthLink and MetroFi have responded by asking city governments to act as "anchor tenants" and agree to spend a guaranteed sum on the service.
In the case of natural death, the claimant receives the guaranteed sum assured and the account value.
George Monbiot is the latest to propose a basic income, which "gives everyone, rich and poor, without means-testing or conditions, a guaranteed sum every week".
The minimal guarantee obliges the insurance company to pay either some pre-specified guaranteed sum or the actual accumulated portfolio value.
Agombar says the tipping point was the Conference's bond, a guaranteed sum of money to see them through next season.
A source close to the council told Reuters he had heard that "one formula being proposed by the other side would see Gaddafi hand power to the head of parliament and leave the country with a certain guaranteed sum of money".
