Excess Benefits definition

Excess Benefits means the difference between (A) the amount of an Employee’s benefit under the Pension Plan computed without taking into consideration the limitation on benefits contained in Section 401(a)(17) and Section 415 of the Internal Revenue Code and, effective January 1, 1999, computed as if “Compensation” as defined in the Pension Plan included bonus amounts deferred under the Deferred Compensation Plan and (B) the amount of an Employee’s benefit actually computed under the Pension Plan.

Excess Benefits means the projected annual pension benefit, in the same normal form as in the Basic Pension Plan, payable on or after the Executive's Normal Retirement Date, as calculated and certified by the Actuary, which shall be determined as the excess of (a) over (b), where:

Excess Benefits means the benefits described in this Plan.

Examples of Excess Benefits in a sentence

• The Excess Benefit Fund is maintained solely for the purpose of providing Excess Benefits under a qualified governmental excess benefit arrangement within the meaning of Code Section 415(m).(c) Excess Benefit Fund Assets.

• Accordingly, unless such requisite stockholder approval is obtained prior to the consummation of a Statutory Change of Control, Employee shall not be eligible for or entitled to receive the Excess Benefits.

• In the event COUNTY discovers an Excess Salary or Excess Compensation, or Excess Benefits payment was made to CONTRACTOR which can be defined as a collectable Overpayment, CONTRACTOR may avail of the informal and formal hearing procedures provided for in MPP 45-306.

• Under no circumstances will Employer contributions to fund the Excess Benefits under the Plan be credited to the OPERS Plan.

• The Excess Benefit Plan constitutes a mere unsecured promise by the Participating Employers, on whose behalf the Retirement Benefit and Excess Benefits are paid to the Participant, to make benefit payments in the future.(b) Contributions.

More Definitions of Excess Benefits

Excess Benefits means benefits accrued by Participants in accordance with Article III of the Plan.

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

Excess Benefits. Any District contribution remaining after being applied to benefits found in Subd. (a) Shall be non-transferable to any other benefit and shall be forfeited.

Excess Benefits means that portion of a Participant's Company Contribution Account comprised of the amounts that would have been contributed on his or her behalf under the Company's Tax-Qualified Retirement Plans without the limitations of Code Section 415.

Excess Benefits. Any District contribution remaining after being applied to benefits found in Item A shall be non-transferable to any other benefit and shall be forfeited.

Excess Benefits means the difference between;

Excess Benefits means the monthly benefits payable under this Excess Plan at such time as the Participant’s monthly Pension Benefits are determinable under the Other Plan(s). Subject to Section 2.1, the Excess Benefits are calculated in the following manner: