Common use of RETIREMENT INCOME BENEFIT Clause in Contracts

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:

Appears in 8 contracts

Samples: Supplemental Retirement Agreement (NBT Bancorp Inc), Supplemental Retirement Agreement, Supplemental Retirement Agreement (NBT Bancorp Inc)

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