Actuarial Equivalent. The term “Actuarial Equivalent” means equivalence in value between two or more forms and/or times of payment based on a determination by an actuary chosen by the Committee, using sound actuarial assumptions at the time of such determination.
Appears in 3 contracts
Samples: Supplemental Executive Retirement Plan Agreement (Columbia Banking System Inc), Supplemental Executive Retirement Plan Agreement (Columbia Banking System Inc), Supplemental Executive Retirement Plan Agreement (Columbia Banking System Inc)
Actuarial Equivalent. The term “Actuarial Equivalent” means equivalence in value between two or more forms and/or times of payment based on a determination by an actuary chosen by the Committee, using sound actuarial assumptions at the time of such determination.
Appears in 2 contracts
Samples: Supplemental Executive Retirement Plan (North Bay Bancorp/Ca), Supplemental Executive Retirement Plan (Trico Bancshares /)
Actuarial Equivalent. The term “Actuarial Equivalent” means equivalence in value between two or more forms and/or times of payment based on a determination by an actuary chosen by the Committee, using sound actuarial assumptions at the time of such determination.,
Appears in 1 contract
Samples: Supplemental Executive Retirement Plan (Heritage Commerce Corp)
