Normal Retirement Allowance definition

Normal Retirement Allowance means the SERP retirement benefits payable under Section 4.2 to a Participant who retires on or after attaining Normal Retirement Age.
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Normal Retirement Allowance means the benefit described in Section 3.01.
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Normal Retirement Allowance means a full retirement allowance excluding any portion thereof that is attributable to a member’s additional contributions.
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Examples of Normal Retirement Allowance in a sentence

  • Payments of the Normal Retirement Allowance shall be reduced in accordance with income and employment tax withholding requirements.

  • Normal Retirement Allowance means the benefit described in Section 3.01.

  • If the Participant and the Corporation have entered into a release agreement in connection with the Participant’s Retirement on or after January 1, 2005 and on or before March 31, 2007, and the provisions of the release agreement specify the amount of the Participant’s Normal Retirement Allowance and the amount of the surviving spouse’s death benefit, the amounts so specified shall be deemed correct for purposes of Sections 3.01 and 3.02 hereunder.

  • Subject to the requirements of Article V and Section 8.01, a Normal Retirement Allowance shall be payable to a Participant who Retires on or after his or her Normal Retirement Date.

  • An Eligible Employee who reaches his/her Normal Retirement Date while in the employment of the Company may elect to Retire and shall be entitled, subject to the forfeiture provisions of Sections 7.1 and 8.4, to receive a Normal Retirement Allowance as specified in Section 4.1.

  • Payment of the Normal Retirement Allowance shall be made in accordance with Section 4.1(e).

  • The Normal Retirement Allowance shall be payable in equal or nearly equal monthly installments, or more frequently based on the payroll practices of the Corporation and its Affiliates, commencing as of the Designated Participant’s Normal Retirement Date and ending with the payment for the month in which the Designated Participant dies.

  • This is the normal form of payment of the Normal Retirement Allowance for an O&R Participant who is married on his or her Annuity Starting Date, with the Participant’s spouse as contingent annuitant, as provided in Section 5.01(c).

  • The Normal Retirement Allowance shall be payable in equal or nearly equal monthly installments, or more frequently based on the payroll practices of the Corporation and its Affiliates, commencing as of the Participant’s Normal Retirement Date and ending with the payment for the month in which the Participant dies.

  • The Normal Retirement Allowance shall be payable in accordance with the payroll practices of the Corporation and its Affiliates, commencing as of the Participant’s Normal Retirement Date and ending with the payment for the month in which the Participant dies.


More Definitions of Normal Retirement Allowance

Normal Retirement Allowance means the Supplemental Retirement Allowance that is payable to an Active Participant who retires after attaining Normal Retirement Age.
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Related to Normal Retirement Allowance

  • Retirement allowance means the retirement payments to which a member is entitled.

  • Normal Retirement Benefit means the benefit described in Section 2.1.

  • Normal Retirement means retirement from active employment with the Company or any Subsidiary on or after age 65.

  • Normal Retirement Age means the Executive's 65th birthday.

  • Retirement Benefit means the benefit set forth in Article 5.

  • Early Retirement Benefit means the retirement benefit payable to a member following early

  • Supplemental Retirement Benefit means the benefit determined under Article V of this Plan.

  • Normal Retirement Date means the later of the Normal Retirement Age or Termination of Employment.

  • Retirement Benefits means benefits paid by reference to reaching, or the expectation of reaching, retirement or, where they are supplementary to those benefits and provided on an ancillary basis, in the form of payments on death, disability, or cessation of employment or in the form of support payments or services in case of sickness, indigence or death. In order to facilitate financial security in retirement, these benefits may take the form of payments for life, payments made for a temporary period, a lump sum, or any combination thereof;

  • Retirement Age means the earlier to occur of the Participant attaining: (i) age 65 or more; or (ii) age 60 or more with at least 15 years of continuous Service, provided that the Participant has continuously remained in Service from the Award Date until the earlier to occur of (i) or (ii).

  • Disability allowance means monthly payments during

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

  • Accrued Benefit have the meanings specified in ERISA.

  • Annual Benefit means an annual sum of fifty thousand dollars ($50,000) multiplied by the Applicable Percentage (defined below) and then reduced to the extent required: (i) under the other provisions of this Agreement; (ii) by reason of the lawful order of any regulatory agency or body having jurisdiction over the Employer; and (iii) in order for the Employer to properly comply with any and all applicable state and federal laws, including, but not limited to, income, employment and disability income tax laws (eg., FICA, FUTA, SDI).

  • Termination Benefit means the benefit set forth in Article 7.

  • Earliest Retirement Age means the earliest date on which, under the Plan, the Participant could elect to receive retirement benefits.

  • Retirement Date means the date as of which a Participant retires for reasons other than Total and Permanent Disability, whether such retirement occurs on a Participant's Normal Retirement Date or Late Retirement Date (see Section 6.1).

  • Disability retirement for plan 1 members, means the period

  • Disability Benefit means the benefit set forth in Article 8.

  • Death Benefit means the insurance amount payable under the Certificate at death of the Insured, subject to all Certificate provisions dealing with changes in the amount of insurance and reductions or termination for age or retirement. It does not include any amount that is only payable in the event of Accidental Death.

  • Disability Retirement Date means the first day of the month following the last day of paid employment;

  • Early Retirement Age means the date that the Executive has attained age 55 and completed seven Years of Service.

  • disability living allowance means a disability living allowance under section 71 of the SSCBA;

  • SERP Benefit means the benefit described in Section 5.1.

  • Pre-Retirement Survivor Benefit means the benefit set forth in Article 6.

  • Monthly Benefit means the monthly amount payable by Liberty to you if you are Disabled or Partially Disabled.