Benefits Determiner definition

Benefits Determiner means a third party administrator or agent designated by the Committee.
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Benefits Determiner means a third party administrator or agent designated by the Committee. The Benefits Determiner shall calculate the Actuarial Equivalency of the Accrued Benefit payable to an Executive or Beneficiary pursuant to Section III of the Plan, unless such amount is set forth in the Executive’s Joinder Agreement.
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Benefits Determiner means Financial Institutions Consulting Corporation, or its successors or assigns.
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Examples of Benefits Determiner in a sentence

  • At the request of the Benefits Determiner, the Bank (or, if the Bank fails to do so within ten (10) days after the receipt of a written request from the Trustee, the Grantor or Beneficiary) shall provide the Benefits Determiner with sufficient information to determine the Benefits payable to Grantor and Beneficiary under the Agreement.

  • In determining such value, the Trustee shall use such generally accepted methods and basis as the Trustee, in its discretion, shall deem advisable; provided, however, that the Trustee shall be entitled to request, receive and rely conclusively on the value of any insurance policy as set forth in documents or schedules provided to the Trustee by the issuer or Benefits Determiner.

  • In valuing any policy or contract issued by an insurance company, the Trustee may rely conclusively on any value placed thereon by the issuer thereof or the Benefits Determiner.

  • Except for its gross negligence in selecting a successor benefits determiner, the Trustee shall not be liable for any action or failure to act of the Benefits Determiner, for following any direction or instruction of the Benefits Determiner, or for the proper application of any part of the Trust if distributions are made in accordance with information provided to it by, or the directions of, the Benefits Determiner.

  • Trustee shall be entitled to rely conclusively on the written instructions of Bank, or in the event of a Change in Control, the Benefits Determiner, as to all tax reporting and withholding requirements.

  • The Disability Benefit shall equal the Actuarial Equivalent of the Executive’s Accrued Benefit, if any, which shall be calculated by the Benefits Determiner.

  • The Trustee's obligations hereunder shall be determined solely by the terms of this Trust Agreement and the directions of the Benefits Determiner given to it pursuant to the terms of this Trust.

  • The Trustee shall be entitled to rely conclusively on the written instructions of the Company, or in the event of a Change of Control, the Benefits Determiner, as to all tax reporting and withholding requirements.

  • The Trustee shall be entitled to rely conclusively on the written instructions of the Bank, or in the event of a Change of Control, the Benefits Determiner, as to all tax reporting and withholding requirements.

  • Such annuity amount shall be determined by the Benefits Determiner.


More Definitions of Benefits Determiner

Benefits Determiner means financial Institutions Consulting Corporation, or its successor or assign.
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