Present Value. Present Value shall be based only on the interest and mortality rates specified in the Adoption Agreement.
Present Value. All present value calculations under this Agreement shall be based on the following discount rate: Discount Rate: The discount rate as used in the FASB 87 calculations for the Executive Plan.
Present Value. The term "Present Value" shall have the same meaning as provided in Section 280G(d)(4) of the Code.
Present Value. The actuarial equivalent of a Participant’s accrued benefit under a Defined Benefit Plan maintained by the Employer expressed in the form of a lump sum. Actuarial equivalence shall be based on reasonable interest and mortality assumptions determined in accordance with the Top-Heavy provisions of the respective plan. Present Value is used for the purposes of the Top-Heavy test and the determination with respect thereto.
Present Value. “Present Value” means the value determined in accordance with Code section 280G(d)(4) and the regulations thereunder.
Present Value. All present value calculations under this Agreement shall be based on the following discount rate: Discount Rate: The discount rate as used in the APB 12 calculations for this Agreement. The initial rate shall be six percent (6%).
Present Value. Present value shall be determined by using a discount rate equal to 120 percent of the applicable Federal rate (determined under section 1274(d)), compounded semiannually.
Present Value. Present Value" shall mean the present value of a benefit determined on the basis of the following actuarial assumptions:
Present Value. Used for Top-Heavy test and determination purposes, when determining the Present Value of accrued benefits, with respect to any Defined Benefit Plan maintained by the Employer, interest and mortality rates shall be determined in accordance with the provisions of the respective plan. If applicable, interest and mortality assumptions will be specified in Section 11 of the Adoption Agreement.
Present Value. The Slice Termination Payment calculated pursuant to clause (b) or (c) above shall be discounted to present value using the Present Value Rate as of the time of termination. The “Present Value Rate” shall mean the sum of 0.50% plus the yield reported on page “UISD” of the Bloomberg Financial Markets Services Screen (or if not available, any other nationally recognized trading screen reporting on-line intraday trading in United States government securities) at 8:00 a.m. PPT for the United States government securities having a maturity that matches the average remaining term of this Contract.
