Common use of Projected Annual Benefit Clause in Contracts

Projected Annual Benefit. For Limitation Years beginning before January 1, 2000, the annual retirement benefit (adjusted to an actuarial equivalent straight life annuity if such benefit is expressed in a form other than a straight life annuity or Qualified Joint and Survivor Annuity) to which the Participant would be entitled under the terms of a Defined Benefit Plan or Plans, assuming:

Appears in 11 contracts

Samples: Prototype Defined Contribution Plan (1st Constitution Bancorp), Prototype Defined Contribution Plan (Wellesley Bancorp, Inc.), Prototype Defined Contribution Plan (Savannah Bancorp Inc)

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Projected Annual Benefit. For Limitation Years beginning before January 1, 2000, the The annual retirement benefit (adjusted to an actuarial actuarially equivalent straight life annuity if such benefit is expressed in a form other than a straight life annuity or Qualified Joint and Survivor Annuity) to which the Participant would be entitled under the terms of a Defined Benefit the Plan or Plans, assuming:

Appears in 3 contracts

Samples: Plan and Trust Agreement (Mercantile Bancorp, Inc.), Prudential Retirement Services (National Penn Bancshares Inc), Capital Corp of the West

Projected Annual Benefit. For Limitation Years beginning before January 1, 2000, the The annual retirement benefit (adjusted to an actuarial actuarially equivalent straight life annuity if such benefit is expressed in a form other than a straight life annuity or Qualified Joint qualified joint and Survivor Annuitysurvivor annuity) to which the Participant Member would be entitled under the terms of a Defined Benefit Plan or Plans, the plan assuming:

Appears in 2 contracts

Samples: Trust Agreement (Consumers Water Co), Trust Agreement (Philadelphia Suburban Corp)

Projected Annual Benefit. For Limitation Years beginning before January 1, 2000, the The annual retirement benefit (adjusted to an actuarial equivalent straight life annuity if such benefit is expressed in a form other than a straight life annuity or Qualified Joint and Survivor Annuity) to which the Participant would be entitled under the terms of a Defined Benefit Plan defined benefit plan (actuarially adjusted to an equivalent Straight Life Annuity if such benefit is not expressed as a Straight Life Annuity or PlansQualified Joint and Survivor Annuity), assuming:assuming that (1) the Participant will continue employment until Normal Retirement Age (or current age, if later), and (2) the Participant's Compensation for the current Limitation Year and all other relevant factors used to determine benefits under the plan will remain constant for all future Limitation Years.

Appears in 1 contract

Samples: Agreement (Floridian Financial Group Inc)

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Projected Annual Benefit. For Limitation Years beginning before January 1, 2000, the The annual retirement benefit (adjusted to an actuarial actuarially equivalent straight life annuity if such benefit is expressed in a form other than a straight life annuity) or qualified joint and survivor annuity or Qualified Joint and Survivor Annuity) to which the Participant would be entitled under the terms of a Defined Benefit the Plan or Plans, assuming:

Appears in 1 contract

Samples: Brigham Exploration Co

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