Base Benefit definition

Base Benefit means the severance benefit payable to a Participant in accordance with Articles IV and V of the Plan, the amount of which is based upon such Participant’s Pay and his title or position in a Member Company as of the date he terminates employment with the Member Company on account of a Change in Control.

Base Benefit means an amount equal to one and fifty-five hundredths of one (1.55) percent of a Participant’s Final Average Compensation multiplied by the Participant’s Years of Benefit Accrual Service.

Base Benefit means the amount payable on the effective date of a benefit or the effective date of any subsequent reselection of plan of payment and does not include any benefit adjustments granted by statute after retirement.

Examples of Base Benefit in a sentence

• Any provisions of the Plan to the contrary notwithstanding, the Base Benefit shall be reduced by the actuarial equivalent (as defined below) of the pension benefit, if any, paid or payable to Executive from the CARP or from any other defined benefit nonqualified supplemental retirement plan provided to Executive by Company.

• The base retirement benefit under the Plan (the "Base Benefit") shall be in the form of an annual straight life annuity in an amount equal to the product of (a) 2.5% times (b) the number of Executive's credited years of service (as defined below) under the Plan (but not in excess of 26 years) times (c) the Executive's final average compensation (as defined below).

• Any provisions of the Plan to the contrary notwithstanding, the Base Benefit shall be reduced by the actuarial equivalent (as defined below) of the pension benefit, if any, paid or payable to Executive from the CARP.

• In making such reduction, the Base Benefit and the benefit paid or payable under the CARP shall be determined under the provisions of each plan as if payable in the form of an annual straight life annuity beginning on the Retirement Date (as defined below).

• In making such reduction, the Base Benefit and the benefit paid or payable under the CARP or any such other defined benefit nonqualified supplemental retirement plan shall be determined under the provisions of each plan as if payable in the form of an annual straight life annuity beginning on the Retirement Date (as defined below).

More Definitions of Base Benefit

Base Benefit means the total benefit payable as ofFebruary 28, 2001 JUNE 30, 2010, including the sum of the initial benefit, accumulated annual increases, and cost of living increases.

Base Benefit means the initial benefit for a benefit which THAT becomes effective after March 1, 2000 MARCH 1, 2009. For a benefit which THAT became effective on or before March 1, 2000 MARCH 1, 2009, "base benefit" means the total benefit payable as of February 28, 2001 JUNE 30, 2010, including the sum of the initial benefit, accumulated annual increases, and cost of living increases.

Base Benefit means that portion of a Participant's Residual Annuity Benefit derived from the portion of the benefit formula that applies to all of the Participant's Covered Compensation.

Base Benefit means the benefit determined in accordance with the formula for Retirement Contribution Credits to your Retirement Account, provided, however that effective on or after September 1, 2013, credits shall be instead determined in accordance with the service formula under the Presence Health Retirement Savings Plan, as it applies to employees who are not grandfathered participants.

Base Benefit means the initial benefit for a benefitwhich

Base Benefit means the total benefit payable as ofFebruary 28,

Base Benefit means the amount payable to an Eligible Employee pursuant to Plan Section 5.1 or 5.3 as applicable.