Common use of PAYMENTS AT OR AFTER RETIREMENT Clause in Contracts

PAYMENTS AT OR AFTER RETIREMENT. If the Executive shall remain in the continuous employment of the Employer until his Retirement Date, the Annual Benefit, as defined above, shall be paid in the form of the Joint and Survivor Annuity. Each year the Annual Benefit will be paid in twelve (12) equal monthly payments on the first day of each month during the year, beginning with the month following the Retirement Date. If the Executive continues employment alter his Retirement Date, payment of his Annual Benefit shall commence on the date of his actual Retirement and such Annual Benefit shall be actuarially adjusted in accordance with section 1.10 to reflect the postponement of payment of the Annual Benefit.

PAYMENTS AT OR AFTER RETIREMENT. If the Executive shall remain in the continuous employment of the Employer until his Retirement Date, the Annual Benefit, as defined above, shall be paid in the form of the Joint and Survivor Annuity. Each year the Annual Benefit will be paid in twelve (12) equal monthly payments on the first day of each month during the the-year, beginning with the month following the Retirement Date. If the Executive continues employment alter after his Retirement Date, payment of his Annual Benefit shall commence on the date of his actual Retirement and such Annual Benefit shall be actuarially adjusted in accordance with section Section 1.10 to reflect the postponement of payment of the Annual Benefit.

PAYMENTS AT OR AFTER RETIREMENT. If the Executive shall remain in the continuous employment of the Employer until his Retirement Date, the Annual Benefit, as defined above, shall be paid in the form of the Joint and Survivor Annuity. Each year the Annual Benefit will be paid in twelve (12) equal monthly payments on the first day of each month during the year, beginning with the month following the Retirement Date. If the Executive continues employment alter after his Retirement Date, payment of his Annual Benefit shall commence on the date of his actual Retirement and such Annual Benefit shall be actuarially adjusted in accordance with section 1.10 to reflect the postponement of payment of the Annual Benefit.

PAYMENTS AT OR AFTER RETIREMENT. If the Executive shall remain in the continuous employment of the Employer until his Retirement Date, the Annual Benefit, as defined above, shall be paid in the form of the Joint and Survivor Annuity. Each year the Annual Benefit will be paid in twelve (12) equal monthly payments on the first day of each month during the year, beginning with the month following the Retirement Date. If the Executive continues employment alter after his Retirement Date, payment of his Annual Benefit shall commence on the date of his actual Retirement and such Annual Benefit shall be actuarially adjusted in accordance with section Section 1.10 to reflect the postponement of payment of the Annual Benefit.