Excess Benefit definition

Excess Benefit means an excess benefit as defined in the Taxpayer Bill of Rights Act 2, 26 U.S.C. 4958.

Excess Benefit means the benefit determined in accordance with Section 4.01 of this Plan.

Excess Benefit means the benefit determined in accordance with 590:10-21-5(a) and Section 4.01 of the Excess Benefit Plan document.

Examples of Excess Benefit in a sentence

• Any change in the Supplementary Pension shall take effect on the same date as the corresponding increase under the GE Pension Plan, GE Excess Benefit Plan or GE Executive Special Early Retirement Option and Plant Closing Retirement Option Plan.

• Excess Benefit: The term Excess Benefit shall mean the excess, if any, of (i) each pension benefit which would be payable to an Employee or to the Employee's surviving spouse under the Pension Plan if the limitations on benefits imposed by Section 18.1 of the Pension Plan were not applicable over (ii) each pension benefit payable under the Pension Plan.

• The Company shall pay to each Employee to whom this Plan is applicable, or to the surviving spouse of any such Employee, the Excess Benefit and/or the Supplemental Benefit determined for such Employee or surviving spouse under Sections 1.7 and 1.11 hereof.

• Annual earnings will have the same meaning as in the retirement plan, except that the same will be determined without regard to (a) any dollar limitation on such annual earnings that may be imposed under the retirement plan or (b) any reduction in taxable income as a result of voluntary salary reduction deferrals under the TECO Energy Group Retirement Savings Excess Benefit Plan.

• Following rehire, this Participant will be entitled to accrue only an Excess Benefit attributable to periods after the date of rehire (“New SERP Benefit”).

More Definitions of Excess Benefit

Excess Benefit means the benefit determined in accordance with 590:10-21-5(a) and Section

Excess Benefit means, except as is otherwise provided in an Agreement, the excess, if any, of (i) the retirement allowance which would have been payable to or with respect to a participant under the Retirement Plan had the limitations on benefits imposed by Section 4.08 of the Retirement Plan not been applicable over (ii) the retirement allowance payable to or with respect to the participant under the Retirement Plan.

Excess Benefit means the benefit provided under Section 4.1 of the Plan.

Excess Benefit means the excess, if any, of the Retirement Benefit which would have been payable to or with respect to a Participant under the Retirement Plan had the limitations on benefits imposed by Section 415 of the Code not been applicable, over the Retirement Benefit actually payable to or with respect to the Participant under the Retirement Plan.

Excess Benefit means, with respect to a Participant as of any date, a benefit equal to the excess, if any, of (i) the benefit that would have been payable to, or with respect to, the Participant under the Pension Plan as of such date in the same form and with the same Annuity Starting Date, if the amount of such benefit were calculated without giving effect to the Qualified Plan Limits, over (ii) the benefit that would be payable to, or with respect to, the Participant under the Pension Plan as of such date in the same form and with the same Annuity Starting Date, after giving effect to the Qualified Plan Limits.

Excess Benefit means a financial benefit arising directly or indirectly from a transaction with a charter school that would be considered an excess benefit under section 4958 (c)(1) of the federal "Internal Revenue Code of 1986", as amended, and regulations adopted thereunder; except that the definition of excess benefit shall extend to all charter schools regardless of whether they have applied for or received nonprofit status under section 501 (c)(3) of the federal "Internal Revenue Code of 1986", as amended. The salaries of administrators in comparable positions at other Colorado charter schools, charter management organizations, boards of cooperative services, and school districts serving a reasonably comparable number of students shall serve as the comparison for determining whether the salaries of charter school or charter management organization administrators are reasonable or excessive for the purposes of this part 7.

Excess Benefit means the portion of the Eligible Member’s Retirement Benefit equal to the difference between the amount of the Eligible Member’s Retirement Benefit and the amount that would have been payable to an Eligible Member in the Plan Year if not for the reduction due to the application of Code Section 415(b).