Actuarial Equivalence. For the purpose of this Section 3.04(c), actuarial equivalence for a given Determination Date shall be based on the annual interest rate on 30-year Treasury securities for the month of November of the calendar year immediately preceding the calendar year that includes the Determination Date, as determined in accordance with published guidance from the Internal Revenue Service pursuant to Section 417(e)(3) of the Code (as defined in Section 7.1(e)) and mortality rates per the "applicable mortality table" published in Revenue Ruling 95-6 or other applicable guidance from the Internal Revenue Service pursuant to Section 417(e)(3) of the Code in effect as of the Determination Date.
Actuarial Equivalence. For purposes of determining actuarial equivalence for converting the Executive’s Account Balance into a single life annuity, reasonable actuarial assumptions within the meaning of Treasury Regulations Section 31.3121(v)(2)-1 shall be used.
Actuarial Equivalence. Determinations hereunder of actuarial value, actuarial equivalence or the like shall be made by the Company's independent actuary, using the mortality and other applicable actuarial assumptions specified, from time to time, in the Hexcel Corporation Pension Plan (the "Pension Plan") or any successor plan thereto; PROVIDED, however, that for the purpose of determining any lump sum amount under this Agreement, or the amount of reduction to reflect the payment of a special benefit under Section 2.3, actuarial equivalence shall be determined using an interest rate equal to 120% of the rate published by the Pension Benefit Guaranty Corporation for purposes of plans terminating in the month in which benefit payments are to commence hereunder.
Actuarial Equivalence. 1 1.2 Affiliate....................................................2 1.3 Board........................................................2 1.4 Cause........................................................2 1.5 Change in Control............................................2 1.6 Ciba.........................................................4 1.7 Code.........................................................4 1.8 Company......................................................4 1.9
Actuarial Equivalence. Determinations of actuarial value or actuarial equivalence under this Agreement, excluding for purposes of determining the Lump Sum Insurance Amount as described in Section 6.1, shall be made by Hexcel’s independent actuary, using the 1994 Group Annuity Reserving Mortality Table and an interest rate equal to 120% of the immediate interest rate for the month in which benefits commence under this agreement as published by the Pension Benefit Guaranty Corporation for purposes of paying lump-sum benefits under plans that the PBGC trustees.
Actuarial Equivalence. Determinations hereunder of actuarial value, actuarial equivalence or the like shall be made by the Company’s independent actuary, using the mortality and other applicable actuarial assumptions specified, from time to time, in the Hexcel Corporation Pension Plan (the “Pension Plan”) or any successor plan thereto; PROVIDED that, in view of the termination of the Pension Plan on April 1, 2007, the mortality table used for the purpose of determining actuarial equivalence shall be the most recent table prescribed from time to time by the Secretary of the Treasury pursuant to Section 430(h)(3) of the Code; and PROVIDED FURTHER, however, that for the purpose of determining any lump sum amount under this Agreement, or the amount of reduction to reflect the payment of a special benefit under Section 2.3, actuarial equivalence shall be determined using an interest rate equal to 120% of the immediate interest rate for the month in which benefits commence as published by the Pension Benefit Guaranty Corporation for purposes of paying lump sum benefits under plans with respect to which the PBGC acts as trustee.
Actuarial Equivalence. Determinations hereunder of actuarial value, actuarial equivalence or the like shall be made by the Company’s independent actuary using the most recent mortality table prescribed from time to time by the Secretary of the Treasury pursuant to Section 430(h)(3) of the Code and, for the purpose of determining any lump sum amount under this Agreement, or the amount of reduction to reflect the payment of a special benefit under Section 2.3, actuarial equivalence shall be determined using an interest rate equal to 120% of the immediate interest rate for the month in which benefits commence as published by the Pension Benefit Guaranty Corporation for purposes of paying lump sum benefits under plans with respect to which the PBGC acts as trustee.
Actuarial Equivalence. The Retirement Benefit payable under any Option shall be of Actuarial Equivalent value to the Retirement Benefit otherwise payable pursuant to Section 8.01. Equivalent actuarial value shall be based on the percentage of Retirement Benefit to be continued to the surviving contingent annuitant and the ages of both the Member and his designated contingent annuitant, or on the period certain elected and the age of the Member, and shall be as defined in Section 1.05.
Actuarial Equivalence. In determining the amount paid under this Article IX, the Actuarial Present Value of the reduced income payable to the Participant with provision for continuance to the Joint Annuitant shall be equivalent, as of the Participant's retirement date (taking into account the age of the Participant and the Joint Annuitant), to the Actuarial Present Value of the retirement income to which the Participant would be entitled if this option had not been elected.
Actuarial Equivalence. A benefit shall be actuarially equivalent to any other benefit if the actuarial reserve required to provide such benefit is equal to the actuarial reserve required to provide such other benefits, computed on the basis of the actuarial rates, tables and procedures as follows:
(a) An interest rate of eight percent per annum shall be used in determining actuarial equivalence for any optional form of benefit and for purposes of computing the amount of any lump sum payment.
(b) Actuarial equivalence shall be based on the 1975 Basic and Ultimate Mortality Table.
