Normal Benefit Age definition

Normal Benefit Age. , in relation to a scheme, means the earliest age at which a person who has pension credit rights under the scheme is entitled to receive a pension by virtue of those rights (disregarding any scheme rule making special provision as to early payment of pension on grounds of ill-health or otherwise).

Normal Benefit Age means the benefit distribution age specified by the Director in Election Form B.

Normal Benefit Age means age 65.

Examples of Normal Benefit Age in a sentence

• The annual benefit will be paid in equal monthly installments commencing the month following Normal Benefit Age and continuing for ten (10) years.

• Any changes to the Normal Benefit Age or Timing of Payout must be in accordance with Election Form B.

• If the Director terminates service as a Director and has elected payment to be distributed at Normal Benefit Age, the Company shall credit interest to the Deferral Account at a rate based on the yield on the 10 Year Treasury Note, compounded monthly.

• If the Director terminates service as a Director before the Normal Benefit Age for reasons other than death, Disability or following a Change in Control, the Company shall pay to the Director the benefit described in this Section 4.2 in lieu of any other benefit under this Agreement.

• If the Director has elected payment to be distributed at Normal Benefit Age, the Company shall credit interest to the Deferral Account at a rate based on the yield on the 10 Year Treasury Note, compounded monthly.

More Definitions of Normal Benefit Age

Normal Benefit Age means the Director's 72nd birthday.

Normal Benefit Age means the date the Director attains age seventy-five (75).

Normal Benefit Age means the Executive attaining age fifty (50).

Normal Benefit Age means the Director attaining age sixty (60).

Normal Benefit Age means the benefit distribution age specified by the Director in Exhibit A.

Normal Benefit Age means the Trustee’s attainment of age 72.

Normal Benefit Age means the later to occur of (a) the Trustee’s attainment of age 72 or (b) the third anniversary of the effective date of the Plan’s implementation.