Grandfathered Benefits definition

Grandfathered Benefits means Benefits originally accrued under the Prior Plan which are credited to the Participant's account in this Plan pursuant to Section 4.3, but only to the extent such Benefits were accrued and vested on December 31, 2004 (together with earnings or losses thereon, whether attributable to periods before or after December 31, 2004, attributable to the Investment Options selected by the Participant).

Grandfathered Benefits means any Awards that were earned and vested as of December 31, 2004, within the meaning of Section 409A. Grandfathered Benefits are subject to the distribution rules under the Plan that were in effect on October 3, 2004 and are summarized on Appendix A.

Grandfathered Benefits. Grandfathered Benefits means “Accrued Benefits” as described in the Plan in effect as of December 31, 2004 that were earned and vested as of December 31, 2004. All Grandfathered Benefits are governed by and subject to the terms of the Plan in effect as of December 31, 2004 and are not subject to the terms of the Plan as set forth in this amendment and restatement effective January 1, 2005.

Examples of Grandfathered Benefits in a sentence

• There shall be no death benefit payable with respect to the Grandfathered Benefits of any such Participant.

• No amendment of the Plan shall apply to Grandfathered Benefits, unless the amendment specifically provides that it applies to such amounts.

• The terms applicable to the Grandfathered Benefits have not been materially modified within the meaning of Treas.

• The rules applicable to Payment Elections for Grandfathered Benefits are set forth in Section 5.2. The rules applicable to Payment Elections for 409A Benefits are set forth in Section 5.3.

• The amount deposited in the Deferred Compensation Trust representing 110% of the Gross-Up Amount attributable to the Grandfathered Benefits, the Covered Benefits or otherwise shall be held in and distributed from the Deferred Compensation Trust in accordance with the provisions of Paragraph 10.

More Definitions of Grandfathered Benefits

Grandfathered Benefits means the portion of the compensation deferred and vested under the Plan as of December 31, 2004.

Grandfathered Benefits means the accrued and vested benefits under the terms of the Prior Plan as of December 31, 2004 as defined for purposes of Section 409A and subject to the terms of the Prior Plan as in effect on October 3, 2004 and as amended thereafter consistent with Section 409A.

Grandfathered Benefits means Plan benefits that were earned and vested as of December 31, 2004 within the meaning of Section 409A. Grandfathered Benefits are subject to the distribution rules in effect prior to this amendment and restatement that are summarized on Exhibit A.

Grandfathered Benefits means those amounts deferred and vested under either the Applera Plan or the Excess Plan prior to January 1, 2005, and any amounts credited as earnings thereon.

Grandfathered Benefits means Plan benefits that were earned and vested as of December 31, 2004 within the meaning of Section 409A.

Grandfathered Benefits means any benefits payable under this Plan for any Participant that were earned by such Participant and vested on or before December 31, 2004 and not materially modified after October 3, 2004, taking into account the benefit formula under the Plan, the Participant’s service and the Participant’s Final Average Compensation as of December 31, 2004.

Grandfathered Benefits means benefits payable under this Plan that are not subject to Section 409A of the Code by reason of having been earned and vested as of December 31, 2004, provided that benefits shall cease to be Grandfathered Benefits if the Plan is “materially modified” (within the meaning of Section 409A of the Code) with respect to such Grandfathered Benefits after October 3, 2004. Grandfathered Benefits shall be accounted for separately.