Minimum Benefit. If the Employer has adopted Sponsor's paired defined contribution plan number 01001, 01003, 01004, 01005 and/or 01006 in addition to this Plan and the definition of "Eligible Employee" in all paired plans is identical, then Non-Key Employees who are Participants in this Plan shall receive the minimum Top Heavy benefit accrued under this Plan and shall receive no minimum allocation under the paired defined contribution plan or plans. If a Participant in this Plan who is a Non-Key Employee is covered under another qualified plan maintained by the Employer, other than a paired plan of the Sponsor, the minimum top heavy allocation or benefit required under section 416 of the Code shall be provided to such Non-Key Employee under:
Minimum Benefit. The amount of the Income Extension Aid benefit as computed under Section 4 (a) (1) shall be subject to a minimum benefit equal to 4 weeks' pay. An employee laid off while in the process of service restoration under Article XIV, Section 2(c) shall qualify for the minimum benefit so long as his or her total service credits (including credits not yet restored) equal 12 months.
Minimum Benefit. Notwithstanding the foregoing provisions of this Paragraph II, in no event shall the annual benefit payable to Executive in any Plan Year during the Payment Period (as defined below) be any less than $80,996.00 (the `Minimum Benefit'). For this purpose, the `Payment Period' shall begin with the Plan Year in which payment to the Executive commences under this Paragraph II and shall end with the Plan Year in which the Executive dies." This Amendment shall be effective on the date hereof. To the extent that any term, provision, or paragraph of said agreement is not specifically amended herein, or in any other amendment thereto, said term, provision, or paragraph shall remain in full force and effect as set forth in said October 20, 1999 Agreement.
Minimum Benefit. Each Non-Key Employee shall receive the minimum benefit required by Section 416(c) of the Code in each Plan Year in which the Plan is a Top-Heavy Plan under the Retirement Plan for Employees of Aetna Services, Inc.
Minimum Benefit. The amount of the Income Extension Aid benefit as computed under Subsection 4A above, shall be subject to a minimum benefit equal to $2,400.00
Minimum Benefit. 16.08.04.01 Notwithstanding anything to the contrary contained in the Schedule of Benefits, it is hereby provided that in no event will an employee's benefit be less than the monthly equivalent of the current weekly benefit paid under the Employment Insurance Act of Canada.
Minimum Benefit. For any Plan Year in which the Plan is a Top Heavy Plan, the allocation to the ESOP Account or Profit Sharing Account, if any, of each non-Key Employee who was a Participant, performed an Hour of Service at any time during such Plan Year, and was employed on the last day of the Plan Year, shall be in an amount which is not less than the smaller of (a) three percent (3%) (or four percent (4%) if the Employer also maintains a defined benefit plan covering the Participant and uses the 1.25 figure from Section 5.10 to calculate the sum of total Additions to the Plan) of such Participant’s Section 415 Compensation as defined at Section 5.9, but excluding amounts received prior to the Employee’s Entry Date; or (b) in the case where the Employer has no defined benefit plan which designates this Plan to satisfy Section 401 of the Code, the largest percentage of Employer contributions and Amounts Forfeited, as a percentage of a Key Employee’s applicable compensation, allocated on behalf of any Key Employee for that Plan Year. If the Employer maintains other qualified employee pension plans as defined under ERISA, the Employer may elect to disregard this Section if the Employer has appropriately elected and the Participants of this Plan are receiving the minimum benefit required by the Code under another qualified employee benefit plan. The minimum allocation shall be determined without regard to any social security contribution. This minimum allocation shall be made even though, under other Plan provisions, the Participant would not be entitled to receive an allocation or would have received a lesser allocation for the Plan Year because of the Participant’s failure to complete 1,000 Hours of Service (or any equivalent provided in the Plan), the Participant’s failure to make mandatory employee contributions to the Plan, or failure to receive compensation less than a stated amount.
Minimum Benefit.
(a) In no event shall the benefit determined under Section 6.01 or 6.02 and provided to a Member with more than twenty (20) Years of Service be less than $100 per month.
(b) Notwithstanding the foregoing, to the extent an applicable Appendix contains a minimum benefit provision, subparagraph (a) shall not apply and the Member’s minimum benefit shall be determined under the terms of the applicable Appendix.
Minimum Benefit. The benefit provided to the Executive upon Termination of Employment following the merger of the Holding Company with and into Park National Corporation effective as of 6:00 p.m., Eastern Standard Time, on March 9, 2007, shall in no event be less than the amount described in Section 2.5.1 and; provided further, in the event the Executive is eligible to receive the Normal Retirement Benefit described in Section 2.1 and such Normal Retirement Benefit is greater than the Change of Control Benefit, then the Executive shall be paid the Normal Retirement Benefit in accordance with the provisions of Section 2.1.
Minimum Benefit. Notwithstanding any provision of this Agreement to the contrary, in the event that the Company selects and the Executive agrees to be a participant in the Prior Plan or any successor thereto, then, the Supplemental Retirement Income accrued under this Agreement shall be the minimum benefits to be provided to the Executive under such Prior Plan.