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Common use of Actuarial Equivalence Clause in Contracts

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.

Appears in 5 contracts

Samples: Executive Employment Agreement (Ceridian Corp), Executive Employment Agreement (Ceridian Corp /De/), Executive Employment Agreement (New Ceridian Corp)

Actuarial Equivalence. For the purpose of this Section 3.04(c3.06(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 "β€œapplicable mortality table" ” published in Revenue Ruling 952001-6 62, as modified or other applicable replaced before the Determination Date to provide guidance from the Internal Revenue Service pursuant to Section 417(e)(3) of the Code in effect as of the Determination Date.

Appears in 1 contract

Samples: Executive Transition Agreement (Arbitron Inc)

Actuarial Equivalence. For the purpose of this Section 3.04(c3.05(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.

Appears in 1 contract

Samples: Executive Employment Agreement (Arbitron Inc)