Early Retirement Benefits definition

Early Retirement Benefits early retirement benefits shall have the meaning set forth in the pension plan which defines the age at which full, unreduced benefits are available without any early retirement reduction being applied
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Early Retirement Benefits means benefits granted to Participants in accordance with Article III of this Plan.
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Early Retirement Benefits payable (x) in the Normal Form commencing at the Normal Retirement Date or (y) to the extent so elected by the Executive, in any other form permitted under Section 2.4 and commencing at such other time as may be permitted under Section 5.2 below, subject to such adjustment as may be provided under Section 5.2 below.
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Examples of Early Retirement Benefits in a sentence

  • The Review Committee will forward its recommendation(s) to the Superintendent who has the final discretion to waive requirements for Early Retirement Benefits.

  • There are two kinds of Early Retirement Benefits: Early Retirement and Reduced Early Retirement.

  • Additionally, Normal Retirement Benefits and Early Retirement Benefits as provided for in this Section 2C shall be further increased by the percentage to the extent, if any, in each year from and after calendar year 1995, the Consumer Price Index for December exceeds the Consumer Price Index for the preceding December by more than ten percent (10%).

  • Early Retirement Benefits: The College has adopted a policy providing early retirement benefit options.

  • Early Retirement Benefits available at age 55 with ten years service, actuarially reduced by years and months early.

  • Early Retirement Benefits available at Age 55 with ten (10) years service, actuarially reduced by years and months early EXECUTIVE EXCESS RETIREMENT PLAN If designated as a participant by the Board of Directors.

  • The Unused Sick Leave and Early Retirement Benefits Plan of the Des Moines Independent Community School District may be approved on an annual basis by the Board of Directors of the Des Moines Independent Community School District.

  • If the Executive Officer breaches the terms of the consent, the Company may, in its discretion, cancel all further Early Retirement Benefits due to be payable to the Executive Officer hereunder, and after the date of cancellation, the Executive Officer shall forfeit all future benefits under this Plan.

  • Executive shall forfeit any and all rights to receive any of the vested Normal Retirement Benefits or vested Early Retirement Benefits, as the case may be, if his employment is terminated for any reason other than death or Disability prior to attaining age fifty-five (55), or if, having attained age fifty-five (55), his employment thereafter is terminated for Cause, or, during or after the period of his employment by the Company, he violates any of the provisions of Section 3 of this Agreement.

  • If Executive separates from service from the Company in the year commencing January 1, 2115 or later, Normal Retirement Benefits shall be increased to Fifty Thousand Dollars ($50,000) annually; and Early Retirement Benefits shall increase to Thirty Thousand Dollars ($30,000) annually at age 55, plus Two Thousand Dollars ($2,000) for each full year of age attained between ages 55 and 65 at the date of early retirement to a maximum of Forty Eight Thousand Dollars ($48,000) at age 64.


More Definitions of Early Retirement Benefits

Early Retirement Benefits means the benefits that will be paid to an Eligible Executive Officer who retires from the Company under the provisions of this Plan.
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Early Retirement Benefits are payable if the Director has five years of service and has reached age 55.
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Early Retirement Benefits means any benefits payable (or prospectively or contingently payable) to an Exiting Employee who is or was at any time a member of a pension scheme (whether in the form of a pension or lump sum, but excluding invalidity or survivors’ benefits) before his or her normal retirement, whether from active or deferred status; and
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Early Retirement Benefits means benefits accrued by Participants in accordance with Article V of the Plan.
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Related to Early Retirement Benefits

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

  • Retirement Benefits means benefits paid by reference to reaching, or the expectation of reaching, retirement or, where they are supplementary to those benefits and provided on an ancillary basis, in the form of payments on death, disability, or cessation of employment or in the form of support payments or services in case of sickness, indigence or death. In order to facilitate financial security in retirement, these benefits may take the form of payments for life, payments made for a temporary period, a lump sum, or any combination thereof;

  • Normal Retirement Benefit means the benefit described in Section 2.1.

  • Early Retirement Age means the date that the Executive has attained age 55 and completed seven Years of Service.

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

  • Early Retirement means retirement, with consent of the Committee at the time of retirement, from active employment with the Company and any Subsidiary or Parent Corporation of the Company.

  • Supplemental Retirement Benefit means the benefit determined under Article V of this Plan.

  • SERP Benefit means the benefit described in Section 5.1.

  • Accrued Benefit have the meanings specified in ERISA.

  • Early Retirement Date means: the day on which a Participant who has attained age fifty-five (55), but has not reached age sixty-five (65), with ten (l0) or more years of Credited Service, retires. A Participant is eligible for early retirement on the first day of the calendar month coincidental with or immediately following the attainment of age fifty-five (55) and the completion of ten (l0) years of Credited Service, and "early retirement" shall mean retirement by an eligible Participant at the Early Retirement Date.

  • Termination Benefit means the benefit set forth in Article 7.

  • Normal Retirement means retirement from active employment with the Company or any Subsidiary on or after age 65.

  • Termination Benefits means the benefits described in Section 4.1(b).

  • Normal Retirement Age means the Executive's 65th birthday.

  • Employment benefits means all benefits provided or made

  • Accrued Benefits shall include the following amounts, payable as described herein: (i) all base salary for the time period ending with the Termination Date; (ii) reimbursement for any and all monies advanced in connection with the Executive’s employment for reasonable and necessary expenses incurred by the Executive on behalf of the Employer for the time period ending with the Termination Date; (iii) any and all other cash earned through the Termination Date and deferred at the election of the Executive or pursuant to any deferred compensation plan then in effect; (iv) notwithstanding any provision of any bonus or incentive compensation plan applicable to the Executive, but subject to any deferral election then in effect, a lump sum amount, in cash, equal to the sum of (A) any bonus or incentive compensation that has been allocated or awarded to the Executive for a fiscal year or other measuring period under the plan that ends prior to the Termination Date but has not yet been paid (pursuant to Section 5(f) or otherwise) and (B) a pro rata portion to the Termination Date of the aggregate value of all contingent bonus or incentive compensation awards to the Executive for all uncompleted periods under the plan calculated as to each such award as if the Goals with respect to such bonus or incentive compensation award had been attained at the target level (reduced, but not below zero, by amounts paid under all such contingent bonus or incentive compensation awards upon the Change in Control of the Company to the extent such amounts relate to the same period of time); and (v) all other payments and benefits to which the Executive (or in the event of the Executive’s death, the Executive’s surviving spouse or other beneficiary) may be entitled on the Termination Date as compensatory fringe benefits or under the terms of any benefit plan of the Employer, excluding severance payments under any Employer severance policy, practice or agreement in effect on the Termination Date. Payment of Accrued Benefits shall be made promptly in accordance with the Company’s prevailing practice with respect to clauses (i) and (ii) or, with respect to clauses (iii), (iv) and (v), pursuant to the terms of the benefit plan or practice establishing such benefits; provided that payments pursuant to clause (iv)(B) shall be paid on the first day of the seventh month following the month in which the Executive’s Separation from Service occurs, unless the Executive’s Separation from Service is due to death, in which event such payment shall be made within 90 days of the date of Executive’s death.

  • Plan Benefit means the benefit payable to a Participant as calculated in Article V.

  • Retirement Age means the earlier to occur of the Participant attaining: (i) age 65 or more; or (ii) age 60 or more with at least 15 years of continuous Service, provided that the Participant has continuously remained in Service from the Award Date until the earlier to occur of (i) or (ii).

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

  • 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.

  • Disability retirement for plan 1 members, means the period

  • Change in Control Benefit means the benefit set forth in Section 4.1 below.

  • Change in Control Benefits means the following benefits:

  • Disability Benefit means the benefit set forth in Article 8.

  • Separation Benefits has the meaning accorded such term in Section 3.04.

  • Social Security Retirement Age means the age used as the retirement age under Section 216(l) of the Social Security Act, applied without regard to the age increase factor and as if the early retirement age under Section 216(l)(2) of such Act were 62.