RETIREMENT INCOME BENEFIT Sample Clauses

RETIREMENT INCOME BENEFIT. 4.1 The Retirement Income Benefit payable to an eligible Participant in the form of a life annuity with five years certain commencing on his or her Normal, Early, Disability or Postponed Retirement Date, as the case may be, shall be equal to the excess, if any, of the amount specified in (a) over the amount specified in (b), as stated below:
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RETIREMENT INCOME BENEFIT. 7 Article 5 - Supplemental 401(k)/ESOP Benefit and Deferral Credit Accounts .....................................9
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RETIREMENT INCOME BENEFIT. Section 4 of the November 12, 2001 Letter Agreement entitled "Enhanced Retirement Income Benefit" is amended in its entirety to read as follows:
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RETIREMENT INCOME BENEFIT. EDS will continue to pay you your retirement benefit (payable pursuant to the terms and conditions of the EDS Retirement Plan, the EDS Restoration Plan and the EDS Supplemental Executive Retirement Plan) of $97,631.59 per month during your employment by EDS. Upon your subsequent retirement, your overall monthly retirement benefit shall be recalculated. If such recalculation results in you being eligible to receive an overall monthly retirement benefit that is more than $97,631.59, you shall subsequently receive such increased monthly retirement benefit pursuant to the terms and conditions of the applicable plans. On the other hand, if such recalculation results in you being eligible to receive an overall monthly retirement benefit that is less than what you are currently receiving, you shall continue to receive an overall monthly retirement benefit of $97,631.59. In addition, if during the time period you remain actively employed by EDS, it should take action to secure the retirement benefits made available to any other EDS employee pursuant to the terms and conditions of the EDS Supplemental Executive Retirement Plan (e.g., by purchasing an annuity), EDS shall take the same action to secure the retirement benefits you are eligible to receive pursuant to the EDS Supplemental Executive Retirement Plan. Except as altered by this Paragraph, the payment of retirement benefits continues to be governed by the terms and conditions of the applicable plans.
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Related to RETIREMENT INCOME BENEFIT

  • Pension Benefits Each party reserves the right to retain as his or her sole and absolute separate property, the entire interest in pension benefits now vested, or that become vested in the future, and the right to manage, control, transfer, and convey all such property and dispose of the same by will, beneficiary designation or otherwise, without any interference from the other. The parties acknowledge that this Agreement shall constitute an effective waiver of any rights in the other's pension benefit plans. Furthermore, each party agrees to execute whatever additional waiver document may be necessary or useful to confirm such waiver of rights to the other party's pension benefit plans.

  • Retirement Plans In connection with the individual retirement accounts, simplified employee pension plans, rollover individual retirement plans, educational IRAs and XXXX individual retirement accounts (“XXX Plans”), 403(b) Plans and money purchase and profit sharing plans (collectively, the “Retirement Plans”) within the meaning of Section 408 of the Internal Revenue Code of 1986, as amended (the “Code”) sponsored by a Fund for which contributions of the Fund’s shareholders (the “Participants”) are invested solely in Shares of the Fund, JHSS shall provide the following administrative services:

  • Retirement Plan The 2.7% at 55 retirement plan will be available to eligible bargaining unit members covered by this Section 6.1.1.

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