Actuarial Factors definition

Actuarial Factors means interest at 7.5 percent per annum and mortality based on the 1983 Group Annuity Mortality Table, weighted 50% male and 50% female.

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Actuarial Factors means the Age 65 Benefit With 7.5% Projection multiplied by the greater of the Present Value Factor Based Upon PBGC Rates and the Present Value Factor Based Upon 5%.

Actuarial Factors means (a) interest at the long-term Applicable Federal Rate under Code section 1274(d) or any successor thereto as of the first day of November preceding the Plan Year in which the Participant’s Retirement, death, Disability, or termination with Benefit rights under Section 5.3 or 6.2 occurs, and (b) mortality being the applicable Code section 417(e)(3) mortality table, as specified and changed by the U.S. Treasury Department.

Examples of Actuarial Factors in a sentence

• If an interest rate or mortality table other than 8.5% or UP-1984 is selected, appropriate Actuarial Factors must be calculated.

• Instead of the UP-1984 mortality table, the Plan will use the following mortality table in determining a Participant’s Actuarial Factor: [Note: See Exhibit A of the Plan for sample Actuarial Factors based on an 8.5% applicable interest rate and the UP- 1984 mortality table.

• To the extent that the Life Tenant and the Remainder Owner can agree upon such Capital improvements, additions, alterations or substitutions to the Property, each shall contribute to the costs of such improvements in relative proportions as determined by the Actuarial Factors which are then in effect and applicable with respect to the age of the Life Tenant and interest rate on the date of payment for such improvements.

• The parties agree that any amount required by this Agreement to be made with respect to actuarial interests shall be made in proportion to their respective actuarial interests according to Sections 2031, 2512 and 7520 of the Internal Revenue Code (the "Code"), Regulations promulgated thereunder (the "Regulations") and valuation tables prescribed thereunder (the "Valuation Tables") (all referred to as the "Actuarial Factors").

• The Supplemental Pension shall be paid in the form of a single life annuity, 50% joint and survivor annuity, or a lump sum, as elected by the Executive, on the basis of the Actuarial Factors.

• To the extent that the Life Tenant and the Remainder Owner can reasonably agree upon such Capital Expenditures as may be necessary or advisable for the [PROPERTYNAME], each shall contribute to the costs of such improvements in relative proportions as provided by the Actuarial Factors which are then in effect and applicable with respect to the age of the Life Tenant and interest rate on the date of payment for such improvements.

• Any proceeds from any such sale or transfer, less expenses of such sale, shall be divided between the parties according to Actuarial Factors which are then in effect and applicable with respect to the age of the Life Tenant and interest rate on the date of such sale; provided, however, each party (or their estates or other successors) shall remain solely liable for payment of any amounts due on the Mortgage Loan on which such party is solely liable under this Agreement.

• The Actuarial Factors in this table must be modified if the Employer uses a testing age other than age 65 or selects a different interest rate or mortality table under the age-based contribution formula.

• The following table sets forth Actuarial Factors based on a testing age of 65, an interest rate of 8.5% and an UP-1984 mortality table.

More Definitions of Actuarial Factors

Actuarial Factors means (a) interest at the long-term Applicable Federal Rate under Code section 1274(d) or any successor thereto as of the first day of November preceding the Plan Year in which the Participant’s Retirement, death, Disability, or termination with Benefit rights under Section 5.3 or 6.2 occurs, and (b) mortality based on the prevailing commissioners’ standard table (described in Code section 807(d)(5)(A)) used in determining reserves for group annuity contracts.

Actuarial Factors means such standards for determining amounts of Retirement Annuity, optional form pensions, commuted values of life annuities and performing calculations of a similar nature, as are adopted from time to time by the Trustees;