Examples of Lump Sum Equivalent in a sentence
The Lump Sum Equivalent shall be distributed to the Participant as soon as administratively practicable after the date which is six months after the Participant’s Separation from Service, but not later than 90 days after such date.
If a Participant entitled to a benefit under Section 3.1 dies following a Separation from Service but before he or she has received payment of his or her Lump Sum Equivalent benefit pursuant to Section 3.3, payment of the Lump Sum Equivalent benefit shall be made to the Participant’s Beneficiary.
A final decision shall have been issued in any arbitration proceeding commenced for the purpose of determining the Lump Sum Equivalent Amount of any settlement entered into by the Company in connection with the Specified Litigation that is not a Lump Sum Settlement, or any Final Judgment entered by the court in connection with the Specified Litigation that is not a Lump Sum Judgment.
The Participant’s Monthly Benefit under this Plan based on the form of benefit under Section 3.1(b) shall be paid in the form of the Lump Sum Equivalent.
In addition, periodic payments are to be paid from the Date of Entry on the outstanding Lump Sum Equivalent.
The annual amount payable over a 15 year ------------------------- period from the Lump Sum Equivalent of any Qualified Retirement Plan of the Bank at the Participant's Retirement assuming the Interest Rate Offset If the Bank should Terminate its Qualified Plan prior to the Participant's Retirement the definition of Lump Sum shall be the Lump Sum Equivalent at Termination Increased Annually by the Interest Rate Offset on January 1st of each year.
The Company will provide an income statement for the Don Valley facility business to the Union Executive by October for the nine-month period ending September The Company will pay the Lump Sum Equivalent of the pay continuance pension benefit as set out in Schedule “2” within one month of the date of transfer of the assets of the facility.
For residents moving in (pre 1 July 2014 only), periodic interest income relates to income earned on the amount of "Lump Sum Equivalent", where a resident does not pay a lump sum accommodation bond.
The total Accommodation Bond is the sum of the lump sum payment plus the outstanding Lump Sum Equivalent.