Common use of Normal Retirement Benefits Clause in Contracts

Normal Retirement Benefits. (a) If the Executive shall continue in the employment of the Corporation until the first of the month coincident with or next following his sixtieth birthday (hereinafter referred to as the "Normal Retirement Date"), he shall be entitled to a Normal Retirement Benefit, determined as of the effective date of his actual retirement and continuing for twenty (20) years, payable monthly, in the annual amount of sixty percent (60%) of his Benefit Computation Base (hereinafter defined), reduced by the sum of (1), (2) and (3) below.

Normal Retirement Benefits. (a) If the Executive shall continue in the employment of the Corporation until the first of the month coincident with or next following his sixtieth (60th) birthday (hereinafter referred to as the "Normal Retirement Date"), he shall be entitled to a Normal Retirement Benefit, determined as of the effective date of his actual retirement and continuing for twenty (20) years, payable monthly, in the annual amount of sixty percent (60%) of his Benefit Computation Base (hereinafter defined), reduced by the sum of (1), (2) and (3) below.

Normal Retirement Benefits. (a) If the Executive shall continue in the employment of the Corporation until the first of the month coincident with or next following his sixtieth her sixty- fifth (65th) birthday (hereinafter referred to as the "Normal Retirement Date"), he she shall be entitled to a Normal Retirement Benefit, determined as of the effective date of his her actual retirement and continuing for twenty (20) years, payable monthly, in the annual amount of sixty percent (60%) of his her Benefit Computation Base (hereinafter defined), reduced by the sum of (1), (2) ), and (3) below.. RA27

Normal Retirement Benefits. (a) If the Executive shall continue in the employment of the Corporation until the first of the month coincident with or next following his sixtieth sixty-fifth (65th) birthday (hereinafter referred to as the "“Normal Retirement Date"”), he shall be entitled to a Normal Retirement Benefit, determined as of the effective date of his actual retirement and continuing for twenty (20) yearsuntil the death of the executive, payable monthly, in the annual amount of sixty sixty-five percent (6065%) of his Benefit Computation Base (hereinafter defined), reduced by the sum of (1), (2) and (3) below.by;

Normal Retirement Benefits. (a) If the Executive shall continue in the employment of the Corporation until the first of the month coincident with or next following his sixtieth sixty-fifth (65th) birthday (hereinafter referred to as the "“Normal Retirement Date"”), he shall be entitled to a Normal Retirement Benefit, determined as of the effective date of his actual retirement the Executive incurs a separation from service as defined in Code Section 409A and continuing for twenty (20) yearsuntil the death of the Executive, payable monthly, in the annual amount of sixty sixty-five percent (6065%) of his Benefit Computation Base (hereinafter defined), reduced by the sum of (1), (2) and (3) below.by;