Common use of Projected Annual Benefit Clause in Contracts

Projected Annual Benefit. Projected annual benefit means the annual benefit payable to the Participant at his or her normal retirement age (as defined in the defined benefit plan) adjusted to an actuarially equivalent straight life annuity form (or, if it would be a lesser amount, to any actuarially equivalent qualified joint and survivor annuity form that is available under the defined benefit plan) assuming that:

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

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