Pre-Retirement Survivor Annuity. The Pre-Retirement Survivor Annuity (minimum Spouse's death benefit) will be equal to 50% of a Participant's interest in the Plan unless a different percentage is selected below: (select one)
Pre-Retirement Survivor Annuity. The Pre-Retirement Survivor Annuity (minimum Spouse's death benefit) will be equal to:
Pre-Retirement Survivor Annuity for Employees Vested in the KPSCSSPP
Pre-Retirement Survivor Annuity. A survivor annuity for the life of the surviving spouse (or other Beneficiary) of the Participant purchasable with an amount equal to at least 50% of the vested Account Balance of the Participant as of the date of the Participant's death, reduced if necessary, to reflect any security interest held by the Plan by reason of an outstanding loan to the Participant for which a valid spousal consent has been obtained.
Pre-Retirement Survivor Annuity. If a Deferred Covered Life dies before his or her Annuity Commencement Date and has a surviving Spouse on the Deferred Covered Life’s death, an Annuity Payment will be owed to the Spouse for the remainder of his or her lifetime. Prudential will make Annuity Payments to the surviving Spouse starting on the first day of the month on or next following the later of (i) the date the Deferred Covered Life would have become eligible for an earlier Annuity Commencement Date as set forth in Section 3.7 and (ii) the date of the Deferred Covered Life’s death. The Spouse may request to defer payment to a later date but not later than the Deferred Covered Life’s unchanged Annuity Commencement Date as shown on the Annuity Exhibits. Prudential’s last payment to the Spouse will be on the first day of the month in which the Spouse dies. The amount owed to such Spouse will equal the amount the Spouse would have received assuming the 50% Joint and Survivor Life Annuity was in effect and payments commenced on the date specified in the previous paragraph. If the present value of Annuity Payments payable to such Spouse is $5,000.00 or less, Prudential may make a lump sum payment in lieu of and in full settlement of the Annuity Payments due. The amount of the lump sum payment will be determined using the Applicable Interest Rate and Applicable Mortality Table.
Pre-Retirement Survivor Annuity. The Company will provide the Executive with a pre-retirement survivor annuity under the Kaman Corporation Post-2004 Supplemental Employees’ Retirement Plan in substantially the form set forth in Appendix C.
Pre-Retirement Survivor Annuity. If an active Employee or a former Employee (including a retired Employee) dies with a vested benefit and is survived by a spouse to whom he has been married for the one year period ending on his date of death, or if an active or retired Employee dies after his Normal Retirement Date, regardless of his years of service, and is survived by a Spouse to whom he has been married for the one year period ending on his date of death, but in any case before benefits have commenced to such Employee, his surviving spouse shall be entitled to a death benefit. If the Employee dies on or after becoming eligible to elect early retirement the death benefit shall commence immediately. If the Employee dies before becoming eligible to elect early retirement, the death benefit shall commence at the time the Employee would have become eligible to elect early retirement. Such death benefit shall be a monthly income, payable for the life of the spouse, beginning on the first day of the month coincident with or immediately following the applicable date of commencement, equal to the benefit (based on the vested accrued benefit of the Employee) that would have been payable to such Spouse if the Employee had retired or terminated pursuant to the appropriate Section of the Plan on the first day of the month coincident with or immediately following his date of death and elected benefits payable in accordance with the Post Retirement Option.
