Common use of ACCRUED EXCESS PENSION BENEFIT Clause in Contracts

ACCRUED EXCESS PENSION BENEFIT. The Executive's accrued Excess Pension Benefit (the "Accrued Excess Pension Benefit") on any date prior to retirement shall equal the amount determined under Section 7(g)(i) hereof based upon his "Compensation" (as defined in Section I of the Pension Plan) and "Year of Service" (as defined in Section I of the Pension Plan as of such date.

Appears in 1 contract

Samples: Employment Agreement (Fall River Gas Co)

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ACCRUED EXCESS PENSION BENEFIT. The Executive's ’s accrued Excess Pension Benefit (the "Accrued Excess Pension Benefit") on at any date point in time prior to retirement shall equal the amount determined under Section 7(g)(i7(g)(1) hereof based upon his "Compensation" Compensation (as defined in Section I II of the Company’s Pension Plan) and "Year Years of Service" Service (as defined in Section I II of the Company’s Pension Plan Plan) as of such datethe date of determination.

Appears in 1 contract

Samples: Employment Agreement (Corning Natural Gas Corp)

ACCRUED EXCESS PENSION BENEFIT. The Executive's ’s accrued Excess Pension Benefit (the "Accrued Excess Pension Benefit") on at any date point in time prior to retirement shall equal the amount determined under Section 7(g)(i7(e)(1) hereof based upon his "Compensation" Compensation (as defined in Section I II of the Company’s Pension Plan) and "Year Years of Service" Service (as defined in Section I II of the Company’s Pension Plan Plan) as of such datethe date of determination.

Appears in 1 contract

Samples: Employment Agreement (Corning Natural Gas Corp)

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ACCRUED EXCESS PENSION BENEFIT. The Executive's accrued Excess Pension Benefit (the "Accrued Excess Pension Benefit") on any date prior to retirement shall equal the amount determined under Section 7(g)(i7(e)(i) hereof based upon his "Compensation" (as defined in Section I of the Pension Plan) and "Year of Service" (as defined in Section I of the Pension Plan as of such date.

Appears in 1 contract

Samples: Employment Agreement (Fall River Gas Co)

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