Accrued Benefit. 1.05 1.16 Nonforfeitable ............................................. 1.05 1.17 Plan Year/Limitation Year .................................. 1.05 1.18 Effective Date ............................................. 1.05 1.19 Plan Entry Date ............................................ 1.05 1.20
Accrued Benefit. An employee who has an accrued benefit under the Financial Security Plan shall retain such accrued benefit under the Plan subject to the current provisions of the Plan.
Accrued Benefit. 1.15 (1.05) Actual Deferral Percentage ("ADP") Test............................14.08 (14.06) Adoption Agreement...................................................1.04 (1.01) Advisory Committee...................................................1.06 (1.02) Annual Addition...................................................3.19(a) (3.07) Average Contribution Percentage Test...............................14.09 (14.07) Beneficiary..........................................................1.11 (1.03) Break in Service for Eligibility Purposes............................2.03 (2.01) Break in Service for Vesting Purposes................................5.07 (5.03) Cash-out Distribution................................................5.04 (5.01) Code.................................................................1.25 (1.06) Code ss.411(d)(6)
Accrued Benefit. Upon the death of a Vested Participant prior to his Annuity Starting Date, the death benefit shall be determined on the basis of the Participant's vested Accrued Benefit.
Accrued Benefit. The term "accrued benefit" shall mean the value of a participant's account or accounts with respect to all funds in this Plan.
Accrued Benefit. As used herein, the term “Accrued Benefit” shall mean the Normal Retirement Benefit (before applying the offsets in Section 2.01(a)(1), (2), (3) and (4) to which the Executive would be entitled under Section 2.01 commencing at the Normal Retirement Date assuming continuation of service by the Executive to the Normal Retirement Date based on the Benefit Computation Base on the date the Accrued Benefit is determined (the “Determination Date”), multiplied by a fraction, not to exceed one (1), the numerator of which is the actual number of months of employment with the Corporation (including partial months for month of hire and month of termination) and the denominator of which is three hundred (300) months, and reduced by:
Accrued Benefit. As of any date the Executive’s Accrued Benefit is equal to the amount determined by multiplying (i) 10 times (ii) 33% of the Executive’s Salary from the Company for the twelve months immediately before the termination date times (iii) a fraction. The numerator of the fraction is the Executive’s Years of Service (not to exceed twenty) and the denominator of the fraction is twenty.
Accrued Benefit. The Accrued Benefit for each employee in the service of the Company on or after January 1, 1991 will be equal to $20.00 per month for each year of Credited Past Service and $25.00 per month for each year of Credited Future Service.
Accrued Benefit. 1.15 (1.05) Actual Deferral Percentage ("ADP") Test......................14.08 (14.06) Administrative Committee.......................................1.06 (1.02) Adoption Agreement.............................................1.04 (1.01) Annual Addition.............................................3.19(a) (3.08) Average Contribution Percentage Test.........................14.09 (14.08) Beneficiary....................................................1.11 (1.03) Break in Service for Eligibility Purposes......................2.03 (2.01) Break in Service for Vesting Purposes..........................5.07 (5.03) Cash-out Distribution..........................................5.04 (5.01) Code...........................................................1.25 (1.06) Code Section 411(d)(6) Protected Benefits....................13.02 (13.01) Compensation...................................................1.12 (1.03) Compensation for Code Section 401(k) Purposes.............14.03(f) (14.02) Compensation for Code Section 415 Purposes..................3.19(b) (3.08) Compensation for Top Heavy Purposes......................1.33(B)(3) (1.10) Contract(s)................................................11.03(c)(11.02)
Accrued Benefit. For 1995 and for each full calendar year and any final fraction of a calendar year of a participant's Employment Period (as such term is defined in such participant's Employment Agreement), the participant shall accrue a benefit under the plan equal to 1.85 percent of that portion of his earnings (as defined in section 2.3 below) for such year or fraction that is in excess of the "maximum dollar limitation" (as defined below) for such year or fraction and is less than $300,000. For purposes of the plan, "maximum dollar limitation" means, for any year or fraction of a year, the greater of $150,000 or the dollar amount of any higher maximum limitation on annual compensation taken into account under a qualified plan for such year or fraction of a year determined by the Secretary of Treasury or his delegate or by law under section 401(a)(17) of the Code; it being understood that annual compensation for purposes of such limitation is computed differently from "earnings" for purposes of the plan. A participant's accrued benefits under the plan shall be referred to hereinafter as the participant's "supplemental retirement benefits."
