Other benefit definition

Other benefit means, for each Eligible Executive, the estimated monthly benefit that can be provided as a life annuity beginning at the date his benefit payments under this Plan commence, based upon the amount of monthly retirement benefits under the Qualified Plan, or under any other qualified pension or retirement plan whether or not sponsored by the Company (“Non-Company Plan”), and inclusive of the estimated monthly benefit that would have been provided under any Non-Company Plan had the Eligible Executive not received any prior lump sum payments from such plan, which is based on service for which the Eligible Executive receives Service and Benefit Service credit hereunder, but excluding any Non-Company Plan savings plan similar to the Savings Plan, or the benefit from any Non-Company Plan to the extent attributable to employee contributions. The Committee shall determine such Other Benefit in consultation with an actuary selected by the Committee, using such accepted actuarial tables and reasonable interest assumptions and actuarial reduction factors, if appropriate, as the Committee shall determine. The adjustment for Other Benefit as described in subsections 4.1(b)(2) and 4.3(b)(2) hereof, shall be made not only in the case of one actually receiving an Other Benefit, but also in the case of one who would be entitled to receive an Other Benefit but is not actually receiving it in that he does not make application therefor.

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Other benefit means any accrued compensation or benefit of the Executive other than Accrued Compensation that is payable on or after termination of employment

Other benefit means a benefit, other than a benefit provided under this chapter, to which a person is entitled for payment of the costs of services provided under the program, including benefits available from:

Examples of Other benefit in a sentence

Notwithstanding anything to the contrary herein, in connection with any termination of employment of Executive, in the case of any Other Benefit to which Executive may be entitled that is governed by the terms of any written plan, policy or agreement of Company, Executive’s entitlement to such benefit and the timing of any payment thereof shall be determined under the applicable provisions of such plan, policy or agreement.
All contributions and payments made or accrued with respect to all Company Plans and Other Benefit Obligations are deductible under Code Sections 162 or 404.
Nothing in this Agreement shall limit the Company’s right to modify or discontinue any Other Benefit Plans at any time, provided no such action may adversely affect any vested rights of Employee thereunder.
No event has occurred or circumstance exists that may result in (i) a material increase in premium costs of Company Plans and Other Benefit Obligations that are insured or (ii) a material increase in benefit costs of Company Plans and Other Benefit Obligations that are self-insured.
Notwithstanding anything in this Section 7(c) to the contrary, in no event shall any Other Benefit be paid to the extent that such payment would trigger any additional tax, penalty or interest imposed by Code Section 409A.

More Definitions of Other benefit

Other benefit shall include a salary continuation payment until the sixth anniversary of the Effective Date, equal to 70% of the Executive's base salary at the time he terminated employment on account of Disability, reduced by any disability payments made to the Executive for such period from another disability plan or program of the Company or Social Security.

Other benefit means a benefit, other than a benefit under this chapter, to which an individual is entitled for the payment of the costs of services. The term includes:

Other benefit means a benefit, other than a benefit provided under this chapter, to which an individual is entitled for payment of the costs of primary health care services, including benefits available from:

Other benefit means any accrued compensation or benefit of the Executive other than Accrued Compensation that is payable on or after termination of employment under a plan, policy, or program of the Company. In case of the Executive's death before the end of the Employment Term, "Other Benefit" shall include a special death benefit equal to 36 months of the Executive's base salary at the rate in effect on the date of his death, which benefit shall be reduced by the death benefit payable with respect to the Executive under any life insurance program of the Company. In the case of the Executive's termination of employment on account of Disability, "Other Benefit" shall include a salary continuation payment equal to 70% of the Executive's base salary at the time he terminated employment on account of Disability, reduced by any disability payments made to the Executive for such period from another disability plan or program of the Company or Social Security. Such salary continuation payments shall end on the later of (i) the first anniversary of their commencement and (ii) June 30, 2005.

Other benefit means a benefit, other than a benefit under this chapter, to which an individual is entitled for payment of the costs of remedial services, and includes:

Other benefit shall include a special death benefit equal to 36 months of the Executive's base salary at the rate in effect on the date of his death, which benefit shall be reduced by the death benefit payable with respect to the Executive under any life insurance program of the Company. In the case of the Executive's termination of employment on account of Disability, "Other Benefit" shall include a salary continuation payment until the fifth anniversary of the Effective Date, equal to 70% of the Executive's base salary at the time he terminated employment on account of Disability, reduced by any disability payments made to the Executive for such period from another disability plan or program of the Company or Social Security.

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