Termination Benefits Reduction Factor Sample Clauses

Termination Benefits Reduction Factor. If a Participant’s Termination Benefit commences prior to age 65, the Participant’s Termination Benefit shall be reduced to the Actuarial Equivalent of the Participant’s basic benefit in accordance with Tables A or B attached hereto. Based on Age of Participant on Commencement of Early Retirement Benefit MALE PARTICIPANT (Table A) MONTHS 55 44.74 % 45.01 % 45.28 % 45.56 % 45.83 % 46.10 % 46.37 % 46.64 % 46.91 % 47.19 % 47.46 % 47.73 % 56 48.00 48.30 48.60 48.90 49.20 49.50 49.80 50.09 50.39 50.69 50.99 51.29 57 51.59 51.92 52.25 52.58 52.91 53.24 53.57 53.91 54.24 54.57 54.90 55.23 58 55.56 55.93 56.30 56.66 57.03 57.40 57.77 58.13 58.50 58.87 59.24 59.60 59 59.97 60.38 60.79 61.19 61.60 62.01 62.42 62.83 63.24 63.64 64.05 64.46 60 64.87 65.33 65.78 66.24 66.69 67.15 67.60 68.06 68.52 68.97 69.43 69.88 61 70.34 70.85 71.36 71.88 72.39 72.90 73.41 73.92 74.43 74.95 75.46 75.97 62 76.48 77.06 77.63 78.21 78.78 79.36 79.93 80.51 81.08 81.66 82.23 82.81 63 83.38 84.03 84.68 85.32 85.97 86.62 87.27 87.92 88.57 89.21 89.86 90.51 64 91.16 91.90 92.63 93.37 94.11 94.84 95.58 96.32 97.05 97.79 98.53 99.26 FEMALE PARTICIPANT (Table B) MONTHS 55 49.50 % 49.76 % 50.03 % 50.29 % 50.56 % 50.82 % 51.09 % 51.35 % 51.61 % 51.88 % 52.14 % 52.41 % 56 52.67 52.96 53.25 53.54 53.83 54.12 54.41 54.69 54.98 55.27 55.56 55.85 57 56.14 56.46 56.77 57.09 57.40 57.72 58.03 58.35 58.66 58.98 59.29 59.61 58 59.92 60.27 60.61 60.96 61.31 61.65 62.00 62.35 62.69 63.04 63.39 63.73 59 64.08 64.46 64.84 65.22 65.60 65.98 66.36 66.74 67.12 67.50 67.88 68.26 60 68.64 69.06 69.48 69.90 70.32 70.74 71.16 71.57 71.99 72.41 72.83 73.25 61 73.67 74.13 74.60 75.06 75.53 75.99 76.46 76.92 77.38 77.85 78.31 78.78 62 79.24 79.76 80.27 80.79 81.30 81.82 82.33 82.85 83.36 83.88 84.39 84.91 63 85.42 85.99 86.57 87.14 87.72 88.29 88.87 89.44 90.01 90.59 91.16 91.74 64 92.31 92.95 93.59 94.23 94.87 95.51 96.15 96.80 97.44 98.08 98.72 99.36
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Related to Termination Benefits Reduction Factor

  • Termination Benefits (a) If Executive’s employment is voluntarily (in accordance with Section 2(a) of this Agreement) or involuntarily terminated within two (2) years of a Change in Control, Executive shall receive:

  • Other Termination Benefits In addition to any amounts or benefits payable upon a Termination of Employment hereunder, Executive shall, except as otherwise specifically provided herein, be entitled to any payments or benefits provided under the terms of any plan, policy or program of the Company in which Executive participates or as otherwise required by applicable law.

  • Change in Control Benefit If a Change in Control occurs followed within twenty-four (24) months by Separation from Service prior to Normal Retirement Age, the Bank shall distribute to the Executive the benefit described in this Section 2.4 in lieu of any other benefit under this Article.

  • Death Benefit Amount The Death Benefit Amount as of any Business Day prior to the Annuity Date is equal to the greater of:

  • Change of Control Benefit Upon a Change of Control, the Company shall pay to the Executive the benefit described in this Section 2.4 in lieu of any other benefit under this Agreement.

  • Termination Compensation Termination Compensation equal to two (2) times the Executive's Base Period Income shall be paid to the Executive in a single sum payment in cash on the thirtieth (30th) business day after the later of (a) the Control Change Date and (b) the date of the Executive's employment termination; provided that if at the time of the Executive's termination of employment the Executive is a Specified Employee, then payment of the Termination Compensation to the Executive shall be made on the first day of the seventh (7th) month following the Executive's employment termination.

  • Post-Termination Benefits If the Executive's employment shall be terminated for any reason following a Change in Control and during the Term, the Company shall pay to the Executive the Executive's normal post-termination compensation and benefits as such payments become due. Such post-termination compensation and benefits shall be determined under, and paid in accordance with, the Company's retirement, insurance and other compensation or benefit plans, programs and arrangements as in effect immediately prior to the Date of Termination or, if more favorable to the Executive, as in effect immediately prior to the occurrence of the first event or circumstance constituting Good Reason.

  • Severance Amount If the Company is required to pay Executive severance by the express terms of Section 7(a) or 7(b), the Company shall pay Executive the following as severance:

  • Accrued Benefit 1.05 1.16 Nonforfeitable ............................................. 1.05 1.17 Plan Year/Limitation Year .................................. 1.05 1.18 Effective Date ............................................. 1.05 1.19 Plan Entry Date ............................................ 1.05 1.20

  • Compensation Benefits Etc During the Employment Period, the Manager shall be compensated as follows:

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