Basic Retirement Plan Benefit definition

Basic Retirement Plan Benefit means the benefit payable to a Participant under the Basic Retirement Plan and includes benefits payable upon Normal Retirement, Early Retirement, Postponed Retirement, death or termination of service.
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Basic Retirement Plan Benefit means the annual benefit to which a Participant is entitled from the Basic Retirement Plan.
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Basic Retirement Plan Benefit means the Actuarially Equivalent annual benefit to which a Participant is entitled from the Basic Retirement Plan. The Basic Retirement Plan Benefit is based upon the accrued monthly benefit to which a Participant is entitled, payable in the form of a single life annuity commencing on the Participant’s Normal Retirement Date and ending on the first day of the month during which the Participant’s death occurs. No additional Basic Retirement Plan Benefit will be accrued after December 31.2006.
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Examples of Basic Retirement Plan Benefit in a sentence

  • If a Basic Retirement Plan Benefit is payable to a Participant in a form other than the Normal Form of Benefit under the Basic Retirement Plan, then his or her Supplemental Retirement Plan Benefit shall be subject to adjustment by the same factors as are applied under the Basic Retirement Plan with respect to the Basic Retirement Plan Benefit of the Participant.

  • Such accrued Supplemental Retirement Plan Benefit shall be calculated as set forth in paragraph 3.2 above based upon the Participant's Years of Accrual Service, Compensation and Basic Retirement Plan Benefit, as of the termination date.

  • Supplemental Retirement Plan Benefits payable to a Participant, Surviving Spouse or beneficiary pursuant to Section III will be payable in the same form as may be applicable to the Basic Retirement Plan Benefit or the Surviving Spouse's or other beneficiary's benefit, if any, under the Basic Retirement Plan.

  • For purposes of determining a Participant's accrued Supplemental Retirement Plan Benefit pursuant to this paragraph, the Participant's Basic Retirement Plan Benefit shall be his or her then accrued benefits from the Basic Retirement Plan payable at Normal Retirement Age.

  • ARTICLE VI GENERAL PROVISIONS Section 6.1 - General Conditions Except as otherwise expressly provided herein, all terms and conditions of the Basic Retirement Plan applicable to a Basic Retirement Plan Benefit or a Basic Retirement Plan Surviving Spouse Benefit shall also be applicable to Restoration Retirement Benefit or a Restoration Surviving Spouse Benefit payable hereunder.

  • The contractor’s performance data, along with allocation data such as award amount, contract period, program sites, service locations, and spending information may be posted on OTDA’s website as required.

  • Such accrued Supplemental Retirement Plan Benefit shall be calculated as set forth in paragraph 3.2 above based upon the Participant’s Years of Accrual Service, Compensation and Basic Retirement Plan Benefit, as of the termination date.

  • Except as otherwise expressly provided herein, all terms and conditions of the Basic Retirement Plan applicable to a Basic Retirement Plan Benefit or a Basic Retirement Plan Surviving Spouse Benefit shall also be applicable to a Supplemental Retirement Benefit or a Supplemental Surviving Spouse Benefit payable hereunder.

  • For purposes of determining a Participant’s accrued Supplemental Retirement Plan Benefit pursuant to this paragraph, the Participant’s Basic Retirement Plan Benefit shall be his or her then accrued benefits from the Basic Retirement Plan payable at Normal Retirement Age.

  • Any Basic Retirement Plan Benefit or Basic Retirement Plan Surviving Spouse Benefit or any other benefit payable under the Basic Retirement Plan shall be paid solely in accordance with the terms and conditions of the Basic Retirement Plan and nothing in this Supplement Plan shall operate or be construed in any way to modify, amend or affect the terms and provisions of the Basic Retirement Plan.


More Definitions of Basic Retirement Plan Benefit

Basic Retirement Plan Benefit means the benefit payable to a Participant pursuant to the Basic Retirement Plan based on Credited Service recognized by said plan for benefit accrual, by reason of his termination of employment with the Corporation and its related Corporations.
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Basic Retirement Plan Benefit means the actuarially equivalent annual benefit to which a Participant is entitled from the Basic Retirement Plan. The Basic Retirement Plan Benefit is based upon the accrued monthly benefit to which a Participant is
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Basic Retirement Plan Benefit means the total annual benefit payable or available immediately upon Retirement under the Basic Retirement Plan computed under the provisions of such plan and described as the "Basic Retirement Income," ignoring any adjustment in the benefit for any optional form of payment.
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Related to Basic Retirement Plan Benefit

  • Early Retirement Benefit means the retirement benefit payable to a member following early

  • Retirement Benefit means the benefit set forth in Article 5.

  • Supplemental Benefit means the monthly benefit payable to the Executive under this Agreement.

  • Individual retirement account means a trust, custodial arrangement, or annuity under Section 408(a) or (b), Internal Revenue Code of 1954 (26 U.S.C. Section 408 (1986)).

  • Eligible Retirement Plan means an individual retirement account described in Section 408(a) of the Code, an individual retirement annuity described in Section 408(b) of the Code, an annuity plan described in Section 403(a) of the Code, or a qualified trust described in Section 401(a) of the Code, that accepts the Distributee's Eligible Rollover Distribution. However, in the case of an Eligible Rollover Distribution to the surviving Spouse, an Eligible Retirement Plan is an individual retirement account or individual retirement annuity.

  • Retirement Plan means a plan which provides retirement benefits to you and which is not funded wholly by your contributions. The term shall not include a profit-sharing plan, informal salary continuation plan, registered retirement savings plan, stock ownership plan, 401(K) or a non-qualified plan of deferred compensation.

  • 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.

  • Basic Plan means as to any Member or Vested Former Member the defined benefit pension plan of the Company or an Affiliated Employer intended to meet the requirements of Code Section 401(a) pursuant to which retirement benefits are payable to such Member or Vested Former Member or to the Surviving Spouse or designated beneficiary of a deceased Member or Vested Former Member.

  • Retirement Savings Plan means the Air Products and Chemicals, Inc. Retirement Savings Plan, as amended from time to time, together with any similar, succeeding or substitute plan.

  • Net death benefit means the amount of the life insurance policy or certificate to be settled less any outstanding debts or liens.

  • Normal Retirement Date means the later of the Normal Retirement Age or Termination of Employment.