Monthly Benefit Amount Sample Clauses

Monthly Benefit Amount. Subject to the provisions of the Vesting Percentage paragraph below, the amount of the Director's monthly benefit under this paragraph shall be equal to the vested portion of the amount shown in the following table for the Anniversary Year immediately preceding the Director's Termination of Service: 1 116.58 2 224.17 3 323.50 4 415.25 5 500.00 6 n/a 7 n/a 8 n/a 9 n/a 10 n/a 11 n/a 12 n/a 13 n/a 14 n/a 15 n/a B. Vesting Percentage. The amount of the Director's benefit under this paragraph shall be equal to the vested portion of the amount determined under the Percentage Of Compensation Benefit paragraph, above, as determined by the Director's Years of Service as of the Director's Termination of Service according to the following table: 100% vested immediately
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Monthly Benefit Amount. The Company will pay the Participant each month an amount that is equal to 32.5% of the Participant's Average Annual Compensation divided by 12.
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Monthly Benefit Amount. Subject to the provisions of the Vesting Percentage paragraph below, the amount of the Director's monthly benefit under this paragraph shall be equal to the vested portion of the amount shown in the following table for the Anniversary Year immediately preceding the Director's Termination of Service: 1 50.33 2 96.75 3 139.58 4 179.17 5 215.75 6 249.50 7 280.67 8 309.50 9 336.00 10 360.58 11 383.25 12 404.17 13 423.50 14 441.33 15 457.75 16 473.00 17 487.00 18 500.00
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Monthly Benefit Amount. Insured may choose amounts, subject to the following: • Minimum monthly benefit is $400. • Maximum monthly benefit is c $3,000; -or- c $5,000; -or- c $ (insert maximum from proposal) Insured’s maximum monthly benefit may not exceed 60% of his/her Monthly Earnings, as defined in the policy. • The monthly benefit in CA, HI, NJ and RI varies due to state Disability income plan.
Sample 1
Monthly Benefit Amount. The Longer of:
Sample 1
Monthly Benefit Amount. For purposes of this Agreement, the "Monthly Benefit Amount" means one-twelfth (1/12) of Employee's annual base salary as established and in effect as of the Termination Date (unless such base salary in effect as of the date of the Change of Control is greater, in which event the latter will apply)
Sample 1

Related to Monthly Benefit Amount

  • 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

  • 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.

  • Amount of Benefit The annual benefit under this Section 3.1 is the Normal Retirement Benefit amount described in Section 2.1.1.

  • Post-Retirement Benefits The present value of the expected cost of post-retirement medical and insurance benefits payable by the Borrower and its Subsidiaries to its employees and former employees, as estimated by the Borrower in accordance with procedures and assumptions deemed reasonable by the Required Lenders is zero.

  • 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 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.

  • Death Benefit Should Employee die during the term of employment, the Company shall pay to Employee's estate any compensation due through the end of the month in which death occurred.

  • Salary Benefits and Bonus Compensation 3.1 BASE SALARY. Effective July 1, 2000, as payment for the services to be rendered by the Employee as provided in Section 1 and subject to the terms and conditions of Section 2, the Employer agrees to pay to the Employee a "Base Salary" at the rate of $180,000 per annum, payable in equal bi-weekly installments. The Base Salary for each calendar year (or proration thereof) beginning January 1, 2001 shall be determined by the Board of Directors of Avocent Corporation upon a recommendation of the Compensation Committee of Avocent Corporation (the "Compensation Committee"), which shall authorize an increase in the Employee's Base Salary in an amount which, at a minimum, shall be equal to the cumulative cost-of-living increment on the Base Salary as reported in the "Consumer Price Index, Huntsville, Alabama, All Items," published by the U.S. Department of Labor (using July 1, 2000, as the base date for computation prorated for any partial year). The Employee's Base Salary shall be reviewed annually by the Board of Directors and the Compensation Committee of Avocent Corporation.

  • Monthly Salary The words “monthly salary” when used in this Agreement shall mean: (Bi-weekly pay at regular rate of pay times 26.1) divided by 12 = monthly salary

  • Amount of Benefits The vested amount credited to a Participant’s Account as determined under Articles 6, 7 and 8 shall determine and constitute the basis for the value of benefits payable to the Participant under the Plan.

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