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 term “Projected annual benefit Annual Benefit” means the annual benefit payable Annual Benefit to which the Participant at his would be entitled assuming (1) the Participant will continue employment with an Employer until Normal Retirement Age (or her normal retirement age (as defined in the defined benefit plan) adjusted to an actuarially equivalent straight life annuity form (orcurrent age, if it would be a lesser amountlater), and (2) the Participant's compensation for the current Limitation Year and all other relevant factors used to any actuarially equivalent qualified joint and survivor annuity form that is available under the defined benefit plan) assuming that:determine benefits will remain constant for all future Limitation Years.