Future benefit definition

Future benefit means that the asset is expected to contribute future performance rather than to current performance, which is most different point from the “cost” concept, because conceptually cost is expenditure paid for current period performance. This means that intangibles are expected to release capital7 services for more than one period.
View Source
Future benefit shall have the meaning assigned in the Tax Indemnification Agreement.
View Source

Examples of Future benefit in a sentence

  • Future benefit eligibility for part time Employees shall be determined by the previous calendar years compensated hours meeting or exceeding 1560.

  • Future benefit eligibility for part time employees is determined by the previous calendar years compensated hours exceeding 1560.

  • Future benefit accruals shall be made in accordance with the adoption agreement that relates to the Retirement Plan adopted by Siouxland.

  • Future benefit increases will not be precluded by the freeze of the Plans as provided in Section 2 and may be negotiated, depending on funding and mutual agreement by the Employer.

Related to Future benefit

  • Fringe benefit means health insurance, a retirement benefit received under a pension plan or defined contribution plan, a paid vacation day, a paid holiday, sick leave, or any other similar employee benefit provided by an employer.

  • Supplemental Retirement Income Benefit means an annual amount (before taking into account federal and state income taxes), payable in monthly installments throughout the Payout Period. Such benefit is projected pursuant to the Agreement for the purpose of determining the Contributions to be made to the Retirement Income Trust Fund (or Phantom Contributions to be recorded in the Accrued Benefit Account). The annual Contributions and Phantom Contributions have been actuarially determined, using the assumptions set forth in Exhibit A, in order to fund for the projected Supplemental Retirement Income Benefit. The Supplemental Retirement Income Benefit for which Contributions (or Phantom Contributions) are being made (or recorded) is set forth in Exhibit A.

  • pension benefit means a pension, annuity, gratuity or similar allowance which is payable—

  • superannuation benefit means a pension, gratuity or other allowance payable on resignation, retirement or death;

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