Benefit Age Sample Clauses

Benefit Age. My Benefit Age is sixty-five (65).
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Benefit Age. My Benefit Age is sixty-five (65). ----------- Final Average Compensation Percentage: Thirty Percent (30%). ------------------------------------- Yearly Benefit Service Prorate Denominator: Twenty (20). ------------------------------------------ Vesting Rate: 10-Year Xxxxx Xxxxxxx from original date of hire. ------------ Separation from Service on or After Benefit Age. I understand that if I retire on or after attainment of my Benefit Age, I shall be entitled to the Supplemental Benefit, calculated in accordance with Section 3.1 and all relevant provisions of the Plan. Unless I elect otherwise below, my Supplemental Benefit will be paid in a Lump Sum. Alternatively, I may elect to receive my Supplemental Benefit in another form by checking the applicable box below: [ ] Annuity (with 15 years certain) [ ] Installments for _____ Years [ ] Other ____________________________________________________________ Separation from Service Prior to Benefit Age. If I have a vested Accrued Annuity Benefit at the time of my voluntary or involuntary Separation from Service without Cause (as defined in the Plan) prior to attainment of my Benefit Age (other than due to death or Disability), I shall be entitled to the Supplemental Benefit, calculated in accordance with Section 3.2 and all relevant provisions of the Plan. Unless I elect otherwise below, my Supplemental Benefit will be paid in a Lump Sum. Alternatively, I may elect to receive my Supplemental Benefit in another form by checking the applicable box below: [ ] Annuity (with 15 years certain) [ ] Installments for _____ Years [ ] Other ____________________________________________________________ Termination for Cause. I understand that if I have a termination for Cause, my entire benefit under this Plan shall be forfeited.
Benefit Age. My Benefit Age is seventy (70). ¨ I elect to receive my Supplemental Retirement Benefit at my Benefit Age, without regard to whether I Separate from Service at such time, subject to all provisions of the Plan. If I do not elect to receive my Supplemental Retirement Benefit at my Benefit Age, it will commence following my Separation from Service on or after my Benefit Age.
Benefit Age. My Benefit Age is 65. Supplemental Benefit. A fixed annual payment of $50,000.
Benefit Age. The Executive’s Benefit Age is sixty-five (65), which is the same age as in the prior joinder agreement.
Benefit Age. My Benefit Age is sixty-five (65). ---------- Final Average Compensation Percentage: Fourteen Percent (14%). ------------------------------------- Yearly Benefit Service Prorate Denominator: Fifteen (15). ------------------------------------------ Vesting Rate: 10-Year Xxxxx Xxxxxxx from original date of hire. ------------ Separation from Service on or After Benefit Age. I understand that if I retire on or after attainment of my Benefit Age, I shall be entitled to the Supplemental Benefit, calculated in accordance with Section 3.1 and all relevant provisions of the Plan. Unless I elect otherwise below, my Supplemental Benefit will be paid in a Lump Sum. Alternatively, I may elect to receive my Supplemental Benefit in another form by checking the applicable box below: [ ] Annuity (with 15 years certain) [ ] Installments for _____ Years [ ] Other ____________________________________________________________
Benefit Age. My Benefit Age is sixty-five (65). ----------- Final Average Compensation Percentage: Thirty Percent (30%). -------------------------------------
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Benefit Age. My Benefit Age is sixty-five (65). ----------- Final Average Compensation Percentage: Forty Percent (45%). ------------------------------------- Yearly Benefit Service Prorate Fraction Denominator: twenty-three (23). --------------------------------------------------- Vesting Rate: 10% per year from original date of hire. Notwithstanding ------------ the foregoing, my Vesting Rate shall be 100% upon the occurrence of my Involuntary Separation from Service without Cause or Voluntary Separation from Service for Good Reason, or because of death or Disability. Separation from Service on or After Benefit Age. I understand that if I ----------------------------------------------- retire on or after attainment of my Benefit Age, I shall be entitled to the Supplemental Benefit, calculated in accordance with Section 3.1 and all relevant provisions of the Plan. Unless I elect otherwise below, my Supplemental Benefit will be paid in a Lump Sum. Alternatively, I may elect to receive my Supplemental Benefit in another form by checking the applicable box below: |_| Annuity (with 20 years certain) |_| ____% Lump Sum with 20 Annual Installments |_| Other ________________________________________________________
Benefit Age. I elect a Normal Benefit Age of .

Related to Benefit Age

  • Normal Retirement Age Normal Retirement Age shall mean the date on which the Executive attains age sixty-five (65).

  • Retirement Age It is assumed that an employee terminates employment at the end of the school year in which the employee attains age 58 or at the end of the current year, if the individual is already 58 or older.

  • Normal Retirement Benefit Upon Termination of Employment on or after the Normal Retirement Age for reasons other than death, the Company shall pay to the Executive the benefit described in this Section 2.1 in lieu of any other benefit under this Agreement.

  • 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

  • Early Retirement Age The age set by the Employer in the Adoption Agreement, not less than age fifty-five (55), at which a Participant becomes fully vested and is eligible to retire and receive his or her benefits under the Plan.

  • Early Retirement Benefit Upon Termination of Service prior to the Normal Retirement Age for reasons other than death, Change of Control or Disability, the Company shall pay to the Director the benefit described in this Section 4.2 in lieu of any other benefit under this Agreement.

  • Normal Retirement Normal Retirement Age under the Plan is: (Choose (a) or (b)) [X] (a) 65 [State age, but may not exceed age 65].

  • Normal Retirement Date The term “Normal Retirement Date” means “Normal Retirement Date” as defined in the primary qualified defined benefit pension plan applicable to the Executive, or any successor plan, as in effect on the date of the Change in Control of the Company.

  • Early Retirement Benefits If elected in the Adoption Agreement, an Early Retirement benefit may be available to individuals who meet the age and Service requirements that are specified in the Adoption Agreement. A Participant who attains his or her Early Retirement Date will become fully vested, regardless of any vesting schedule which otherwise might apply. If a Participant separates from Service with a nonforfeitable benefit before satisfying the age requirements, but after having satisfied the Service requirement, the Participant will be entitled to elect an Early Retirement benefit upon satisfaction of the age requirement.

  • Retirement Benefit Should the Director still be in the Directorship ------------------ of the Association upon attainment of his 70th birthday, the Association will commence to pay him $590 per month for a continuous period of 120 months. In the event that the Director should die after becoming entitled to receive said monthly installments but before any or all of said installments have been paid, the Association will pay or will continue to pay said installments to such beneficiary or beneficiaries as the Director has directed by filing with the Association a notice in writing. In the event of the death of the last named beneficiary before all the unpaid payments have been made, the balance of any amount which remains unpaid at said death shall be commuted on the basis of 6 percent per annum compound interest and shall be paid in a single sum to the executor or administrator of the estate of the last named beneficiary to die. In the absence of any such beneficiary designation, any amount remaining unpaid at the Director's death shall be commuted on the basis of 6 percent per annum compound interest and shall be paid in a single sum to the executor or administrator of the Director's estate.

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