Common use of Projected Annual Benefit Clause in Contracts

Projected Annual Benefit. The "Project Annual Benefit" is the annual retirement benefit (adjusted to an actuarilly 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 the plan assuming:

Projected Annual Benefit. The "Project Annual Benefit" is Projected annual benefit means the annual annuity benefit payable to the Participant at his normal retirement age (as defined in the defined benefit (plan) adjusted to an actuarilly actuarially equivalent straight life annuity form (or, if such benefit is expressed in it would be a form other than a straight life annuity or lesser amount, to any actuarially equivalent qualified joint and survivor annuity) to which the Participant would be entitled annuity form that is available under the terms of the plan assumingdefined benefit plan) assuming that: