Pre-2005 Benefit definition

Pre-2005 Benefit means the portion of a Participant’s Supplemental Retirement Benefit and/or Supplemental Profit Sharing Account, Supplemental Company Account and Supplemental Deferral Account, as applicable, equal to the present value of the Benefit or Account balances, determined as of December 31, 2004, to which the Participant would be entitled under the Plan if he voluntarily separated from service without cause on December 31, 2004 and received a full payment of benefits from the Plan on the earliest possible date allowed under the Plan following separation from service pursuant to Articles III and IV, calculated as of December 31, 2004.

Pre-2005 Benefit means the benefit earned and vested (before January 1, 2005) under this Plan with respect to a Participant’s service and earnings with the Company before January 1, 2005. For purposes of determining the amount of a Participant’s Pre-2005 Benefit, eligibility for an Early Retirement Benefit (and the applicable Early Retirement Benefit reduction factors) under Section 5.2 or Section 6.2 of the Pension Plan and under this Plan shall be based on the Participant’s service before January 1, 2005 and the Participant’s age as of the Participant’s date of Termination of Employment.

Pre-2005 Benefit means the portion of a Participant’s Supplemental Retirement Benefit and/or Supplemental Account, as applicable, equal to the present value of the Supplemental Retirement Benefit and/or Supplemental Account balances, determined as of December 31, 2004, to which the Participant would be entitled under the Plan if his employment terminated without Cause on December 31, 2004 and he received a full payment of benefits from the Plan on the earliest possible date allowed under the Plan following termination of employment.

Examples of Pre-2005 Benefit in a sentence

• Notwithstanding Sections 4.2, 4.3 and 4.4, a Participant shall receive distribution of his or her Pre-2005 Benefit, pursuant to Articles IV or V, in the same form as his or her distribution under the NiSource Pension Plan, computed in the same manner as in the NiSource Pension Plan, or under any other Qualified Pension Plan, computed in the same manner as in such Qualified Pension Plan.

• If such election is not so made at least 30 days prior to the date of distribution of his or her Pre-2005 Benefit, the Participant’s Pre-2005 Benefit shall be paid as a 50% joint and survivor Pension if such Participant is married, or as a single-life Pension if such Participant is unmarried.

• Payment of the Pre-2005 Benefit to a Participant or his or her beneficiary in accordance with this Section shall commence on the same date as the pension under the NiSource Pension Plan or any other Qualified Pension Plan.

• Subject to the limitations of Section 5.3, a Participant, by filing a written request with the Committee, may, while employed by an Employer or an Affiliated Company, elect to withdraw 33%, 67% or 100% of his or her Pre-2005 Benefit.

• At the written request of a Participant, and in the written discretion of the Committee, up to 100% of the balance of a Participant’s Pre-2005 Benefit, determined as of the last day of the calendar month prior to the date of distribution may be distributed to a Participant in a lump sum in the case of an Unforeseeable Emergency.

More Definitions of Pre-2005 Benefit

Pre-2005 Benefit means the portion of a Participant’s Supplemental Accounts determined as of December 31, 2004 to which the Participant would be entitled under the Plan if the Participant’s employment terminated without Cause on December 31, 2004, plus gains and losses attributable to such amount.

Pre-2005 Benefit means a Participant’s Normal Retirement Benefit, Early Retirement Benefit, or Deferred Vested Retirement Benefit, as applicable, based on his Years of Plan Participation, Accrual Percentage and all other relevant factors as of December 31, 2004, and determined under the terms of the Plan adopted and in effect as of October 3, 2004, but only to the extent earned and vested as of December 31, 2004 within the meaning of Section 409A of the Code.

Pre-2005 Benefit means the portion of the Benefit attributable to amounts credited, adjusted for notional earnings and losses, to a Participant’s Pre-2005 Sub-Account.

Pre-2005 Benefit means the 100% vested Accrued Benefit to which a Participant would have been entitled if he had separated from service as an Employee on December 31, 2004.

Pre-2005 Benefit means that portion of a Member’s Accrued Benefit under the Plan, if any, that was “deferred” before January 1, 2005 for purposes of Section 409A, as determined in accordance with Treasury Regulations Section 1.409A-6(a)(3)(i).

Pre-2005 Benefit means for any Participant that portion of the Participant’s benefit under the Plan that was earned and vested on December 31, 2004, within the meaning of Treasury Regulations section 1.409A-6(a)(2). For purposes of determining the present value of the Pre-2005 Benefit in accordance with Treasury Regulations section 1.409A-6(a)(3), the actuarial assumptions in Appendix C Table IX of the Company Plan shall be applied.

Pre-2005 Benefit means the accrued benefit of any Participant under the Plan that was earned and vested prior to December 31, 2004 and any earnings thereon as determined in accordance with Code Section 409A and the regulations thereunder.