Examples of Accrued Benefit in a sentence
Employees – 0-000-000-0000 Age When Your Pension Payments Begin % of Age 65 Accrued Benefit Payable 62 or older 100% 61 98% 60 94% 59 90% 58 86% 57 82% 56 77% 55 72% Factors for benefits beginning at ages between those shown are prorated.
During the Term, if the Executive’s employment is terminated by the Company without Cause as provided in Section 3(d), or the Executive terminates the Executive’s employment for Good Reason as provided in Section 3(e), then the Company shall pay the Executive the Accrued Benefit.
In the event of such a complete termination under subsections (a) or (c) below, or under subsection (b) after a Change in Control, the Employer shall pay the Executive the Accrued Benefit.
The amount of the monthly Disability Benefit shall be computed in the same manner as the Normal Retirement benefit, based upon the Participant's Accrued Benefit as of the Participant's Disability Retirement Date.