Actuarial equivalent means a benefit of equal value when
Actuarially Equivalent or "of equal actuarial value" means a benefit of equal value
SERP Benefit means the benefit described in Section 5.1.
Normal Retirement Benefit means the benefit described in Section 2.1.
Accrued Benefit have the meanings specified in ERISA.
Net Benefit means the present value of the Covered Payments net of all federal, state, local, foreign income, employment and excise taxes.
Last Monthly Benefit means the gross Monthly Benefit payable to the Insured Employee immediately prior to death. Any reductions for Other Income Benefits, or for earnings the Insured Employee received for Partial Disability Employment, will not apply.
Retirement Benefit means the benefit set forth in Article 5.
Monthly Benefit means the monthly amount payable by Liberty to you if you are Disabled or Partially Disabled.
Net death benefit means the amount of the life insurance policy or certificate to be settled less any outstanding debts or liens.
Early Retirement Benefit means the retirement benefit payable to a member following early
Lump Sum means the total sum which will have become payable to the Contractor by the Principal upon completion of the Works.
Maximum Benefit means the maximum benefit amount of each of the benefits covered under this Policy as stated in the Schedule of Benefits.
Supplemental Retirement Benefit means the benefit determined under Article V of this Plan.
Death Benefit means the insurance amount payable under the Certificate at death of the Insured, subject to all Certificate provisions dealing with changes in the amount of insurance and reductions or termination for age or retirement. It does not include any amount that is only payable in the event of Accidental Death.
Recovered tax increment value means, except as otherwise
Change in Control Benefit means the benefit set forth in Section 4.1 below.
Termination Benefit means the benefit set forth in Article 7.
Actuarial valuation means a mathematical determination of
Maximum Benefit Amount means the maximum amount payable for coverage provided to You as shown in the Schedule of Benefits.
Actuarial method means the method of allocating a fixed level monthly payment on an obligation between principal and interest, pursuant to which the portion of such payment that is allocated to interest is equal to the product of (a) 1/12, (b) the fixed annual rate of interest on such obligation and (c) the outstanding principal balance of such obligation.
Annual Benefit means an annual sum of fifty thousand dollars ($50,000) multiplied by the Applicable Percentage (defined below) and then reduced to the extent required: (i) under the other provisions of this Agreement; (ii) by reason of the lawful order of any regulatory agency or body having jurisdiction over the Employer; and (iii) in order for the Employer to properly comply with any and all applicable state and federal laws, including, but not limited to, income, employment and disability income tax laws (eg., FICA, FUTA, SDI).
life annuity means “life annuity contract” as defined in Pension Legislation that conforms with the Act and Pension Legislation;
Pension Benefit means a pension, annuity, gratuity or similar allowance which is payable—
Supplemental Benefit means the monthly benefit payable to the Executive under this Agreement.
relevant benefit means any benefit specified in paragraph 21(2); and