Normal Retirement Benefit means an annual benefit payment in the amount of Seventy Two Thousand and Sixty One dollars ($72,061) for a period of fifteen (15) years.
Normal Retirement Benefit means the benefit described in Section 2.1.
Normal Retirement Benefit means the benefit described in Section 4.1.
Examples of Normal Retirement Benefit in a sentence
A monthly benefit payable to the Participant's Pre-Retirement Beneficiary which shall be actuarially equivalent to the Participant's Accrued Normal Retirement Benefit determined as of the date of death.
More Definitions of Normal Retirement Benefit
Normal Retirement Benefit means the Retirement benefit determined under Section 5.1 of this Appendix A upon Employee's Retirement on or after his Normal Retirement Date.
Normal Retirement Benefit means the benefit described in Article 3.
Normal Retirement Benefit shall have the meaning set forth in the Pension Plan.
Normal Retirement Benefit has the meaning set forth in Section 3.1.
Normal Retirement Benefit means an annual installment benefit of Twenty-Five Thousand Dollars ($25,000) payable commencing upon the Executive’s Normal Retirement Date as provided in Section 2.1.
Normal Retirement Benefit means a monthly benefit beginning at Normal Retirement and continuing for 180 months or the life of the Member, whichever is the greater. The monthly benefit is an amount calculated by multiplying the Retirement Benefit Percentage times the Member's Basic Compensation at the Member's date of retirement and is not offset by benefits in the Company's qualified thrift plan or Section 401(k) plan, nor by a Member's primary Social Security benefits. However, in the event a defined benefit pension plan is implemented by the Company, the monthly benefits payable under this Plan to those Members who are eligible for benefits under a defined benefit pension plan shall be reduced by the Member's monthly benefits under such pension plan.