Pre-Retirement Death Benefit definition

Pre-Retirement Death Benefit means the benefit payable, as set forth in Article 4, to the Beneficiary of an Executive who dies prior to the commencement of his Retirement Income Benefit.

Pre-Retirement Death Benefit means a monthly benefit equal to 50% of a Member's Basic Compensation. This benefit shall be paid for a period of 180 months.

Pre-Retirement Death Benefit means the benefit determined in accordance with Section (a) of Article XII.

Examples of Pre-Retirement Death Benefit in a sentence

• The Pre-Retirement Death Benefit Option 2 was implemented at no cost to the Employees.

• An Executive will be 100% vested in his Retirement Income Benefit if he is an Executive on or after attaining his Early Retirement Date or Normal Retirement Date and will be 100% vested in his Pre-Retirement Death Benefit if he dies while an Executive.

• A Disabled Executive shall be deemed to be an Executive during the period of his Disability and shall continue to be eligible for early retirement benefits under Plan section 3.3, normal retirement benefits under Plan section 3.2 and a Pre-Retirement Death Benefit under Article 4, and shall be credited with Years of Credited Service for such period regardless of the nonperformance of services for the Company or an Affiliate.

• Such surviving Eligible Spouse shall be entitled to a monthly pre-retirement death benefit payable in the form of an annuity in an amount equal to the difference, if any, between (a) forty percent (40%) of the Target Pre-Retirement Death Benefit and (b) the Spouse's Pension.

• If Employee dies (i) while actively employed by Employer on a full-time basis and prior to the commencement of Normal Retirement Benefits or (ii) after satisfying the requirements of a Disability Retirement but prior to the commencement of Disability Retirement Benefits, the Pre-Retirement Death Benefit will be paid in a single lump sum within sixty (60) days following Employee’s death.

More Definitions of Pre-Retirement Death Benefit

Pre-Retirement Death Benefit means the lesser of (x) the product of (i) $_________ per month indexed at four percent (4%) per annum, multiplied by (ii) the number of completed calendar years subsequent to ______________, or (y) the sum of (i) the product of (A) twelve (12) multiplied by (B) one hundred percent (100%) of monthly salary for the month in which death occurs and (2) the product of (A) one hundred sixty-eight (168) multiplied by (B) sixty percent (60%) of the monthly salary for the month in which death occurs.

Pre-Retirement Death Benefit means, with respect to an Executive, the death proceeds payable under the Policy by the Insurer to the Executive’s Beneficiary, in the amounts set forth in the Endorsement unless otherwise provided in an Executive’s Plan Agreement. Neither the Company nor the Executive shall be responsible in any way for the tax status of the Pre-Retirement Death Benefit.

Pre-Retirement Death Benefit means the SERP Benefits payable pursuant to Section 3(e) hereof.

Pre-Retirement Death Benefit means the Annual Pre-Retirement Death Benefit amount set forth in the Addendum to this Agreement.

Pre-Retirement Death Benefit means the benefit payable to the Beneficiary of a Participant who dies prior to commencement of his Retirement Income Benefit, as described in Section 4.

Pre-Retirement Death Benefit means the benefit as set forth in Section 3.8.

Pre-Retirement Death Benefit means the death benefit payable under either Section III.B.4. or Section IV.B.4. of the Plan.