Other Plan Benefits Payable in Cash Sample Clauses

Other Plan Benefits Payable in Cash. Subject to the limitations provided in Section 4.1, at any time prior to termination of the contract pursuant to the provisions of Article 8, the Contractholder may direct AUL to make a cash payment from a Participant Account to the Contractholder or to whomever the Contractholder directs for the purpose of providing Plan benefits other than those provided in Section 4.2(a)(2) and (3). If it is necessary to withdraw the entire Account Value of a Participant Account to make such payment, the amount paid shall equal the Withdrawal Value, minus any Section 6.4 charges. If it is not necessary to withdraw the entire Account Value to make such payment, AUL shall reduce the Account Value of the Participant Account by an amount sufficient to make the cash payment requested and to cover the Withdrawal Charge and any Section 6.4
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Other Plan Benefits Payable in Cash. Subject to the limitations provided in Section 4.1, at any time prior to termination of the contract pursuant to the provisions of Article 8, the Contractholder may direct AUL to make a cash payment from a Participant Account to the Contractholder or to whomever the Contractholder directs for the purpose of providing Plan benefits other than those provided in Section 4.2(a)(2) and (3). If it is necessary to withdraw the entire Account Value of a Participant Account to make such payment, the amount paid shall equal the Withdrawal Value, minus any Section 6.5 charges. If it is not necessary to withdraw the
Sample 1
Other Plan Benefits Payable in Cash. Subject to the limitations provided in Section 4.1, at any time prior to termination of the contract pursuant to the provisions of Article 8, the Contractholder may direct AUL to make a cash payment from a Participant Account to the Contractholder or to whomever the Contractholder directs for the purpose of providing Plan benefits other than those provided in Section 4.2(a)(2) and (3). If it is necessary to withdraw the entire Account Value of a Participant Account to make such payment, the amount paid shall equal the Withdrawal Value, minus any Section 6.5 charges. If it is not necessary to withdraw the (MBR) p-12621(BR).II.7
Sample 1
Other Plan Benefits Payable in Cash. Subject to the limitations provided in Section 4.9, at any time prior to termination of the contract pursuant to the provisions of Article 8, the Contractholder may (MBR) P-12518(BR).II.5
Sample 1

Related to Other Plan Benefits Payable in Cash

  • 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.

  • Compensation Benefits Etc During the Employment Period, the Manager shall be compensated as follows:

  • Compensation Benefits and Expenses During the Term, the Bank shall compensate the Executive for his services as provided in this Section 3. Unless otherwise determined by the Company Board, all payments and benefits provided in this Agreement shall be paid or provided solely by the Bank. Notwithstanding anything in this Agreement to the contrary, no provision of this Agreement shall be construed so as to result in the duplication of any payment or benefit. Unless otherwise determined by the Company Board, the Company’s sole obligation under this Agreement shall be to unconditionally guarantee the payment and provision of all amounts and benefits due hereunder to Executive, and the affirmative obligations of the Company as set forth at Section 3(h), herein, with respect to Indemnification, and, if such amounts and benefits due from the Bank are not timely paid or provided by the Bank, such amounts and benefits shall be paid or provided by the Company.

  • No Duplication of Severance Benefits The severance and other benefits provided in Article 3 and Article 4 are mutually exclusive of each other, and in no event shall Executive receive any severance or other benefits pursuant to both Article 3 and Article 4.

  • Compensation Benefits Expenses (a) Compensation In consideration of the services to be rendered hereunder, including, without limitation, services to any Affiliated Company, Consultant shall be paid a fee of 1,000,000 shares, pursuant to the procedures regularly established, and as they may be amended, by the Company during the course of this Agreement.

  • Deduction Limitation on Benefit Payments If the Bank reasonably anticipates that the Bank’s deduction with respect to any distribution under this Agreement would be limited or eliminated by application of Code Section 162(m), then to the extent deemed necessary by the Bank to ensure that the entire amount of any distribution from this Agreement is deductible, the Bank may delay payment of any amount that would otherwise be distributed under this Agreement. The delayed amounts shall be distributed to the Executive (or the Beneficiary in the event of the Executive’s death) at the earliest date the Bank reasonably anticipates that the deduction of the payment of the amount will not be limited or eliminated by application of Code Section 162(m).

  • Death Benefit Amount The Death Benefit Amount as of any Business Day prior to the Annuity Date is equal to the greater of:

  • Other Compensation or Benefits You acknowledge that, except as expressly provided in this Agreement, you will not receive any additional compensation, severance or benefits after the Separation Date.

  • Compensation Benefits and Reimbursement (a) The compensation specified under this Agreement shall constitute the salary and benefits paid for the duties described in Section 2(b). The Association shall pay Executive as compensation a salary of not less than $_____________ per year ("Base Salary"). Such Base Salary shall be payable biweekly, or with such other frequency as officers and employees are generally paid. During the period of this Agreement, Executive's Base Salary shall be reviewed at least annually. Such review may be conducted by a Committee designated by the Board, and the Board may increase, but not decrease (except a decrease that is generally applicable to all employees), Executive's Base Salary (any increase in Base Salary shall become the "Base Salary" for purposes of this Agreement). In addition to the Base Salary provided in this Section 3(a), the Association shall provide Executive at no cost to Executive with all such other benefits as are provided uniformly to permanent full-time employees of the Association. Base Salary shall include any amounts of compensation deferred by Executive under qualified and nonqualified plans maintained by the Association.

  • Compensation Benefits In consideration of Executive's services hereunder, the Company shall provide Executive the following:

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