Preretirement Death Benefit definition

Preretirement Death Benefit means the benefit described in Section 4.07.
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Preretirement Death Benefit means an amount, payable to Executive's surviving Spouse pursuant to Section 7 in the event of Executive's death before his retirement while employed by the Company.
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Preretirement Death Benefit means the benefit provided for in Section 6.04.
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Examples of Preretirement Death Benefit in a sentence

  • The Company shall not pay any Preretirement Death Benefit under this Section 3.1 if the Executive has received any lifetime benefit payment provided under Article 2.

  • The benefit under this Section 2.5 is the Pre-retirement Death Benefit amount set forth on Schedule A for the Plan Year ended immediately prior to the date on which the Separation from Service due to death occurs.

  • Upon the Executive's Death, the Company shall pay the Preretirement Death Benefit to the Executive's Beneficiary in the form of the Actuarial Equivalent form of equal monthly installments over a 20-year term commencing as of the first day of the month following date of the Executive's Death.

  • The benefit under this Section 3.1 is the Pre-retirement Death Benefit set forth on Schedule A for the Plan Year ending immediately prior to the date on which the death occurs.

  • If the Executive dies while in the active service of the Company, the Company shall pay to the Executive's Beneficiary the "Preretirement Death Benefit" described in this Section 3.1 in lieu of any other benefit under this Agreement.

  • The annual benefit under this Section 3.1 is the Pre-retirement Death Benefit annual Installment set forth on Schedule A for the Plan Year ending immediately prior to the date in which death occurs, determined by vesting the Director in 100 percent of the Accrual Balance.

  • If as to the Executive and his Spouse the preretirement death benefit provisions of the Pension Plan do not apply, the Preretirement Death Benefit will be reduced at the time and in the amount equal to the preretirement death benefit under the Pension Plan that would have otherwise been payable to the Spouse if it had applied.

  • Such Preretirement Death Benefit must be distributed over a period not extending beyond the life expectancy of the Beneficiary.

  • The Bank shall not pay any Preretirement Death Benefit under this Section 3.1 if the Executive has received any of lifetime benefit payment provided under Article 2.

  • The Preretirement Death Benefit under this Section 3.1 shall be equal to the Executive's Normal Retirement Benefit projected to his Normal Retirement Date.


More Definitions of Preretirement Death Benefit

Preretirement Death Benefit means the benefit payable under Section 2.3.
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Related to Preretirement Death Benefit

  • 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.

  • Net death benefit means the amount of the life insurance policy or certificate to be settled less any outstanding debts or liens.

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

  • Qualified Preretirement Survivor Annuity means an annuity which is payable for the life of the Participant's surviving spouse.

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

  • Accrued Benefit means the amount standing in a Participant's Account(s) as of any date derived from both Employer contributions and Employee contributions, if any.

  • Surviving Spouse means the widow or widower, as the case may be, of a Deceased Participant or a Deceased Beneficiary (as applicable).

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

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

  • Normal Retirement Benefit means an annual benefit equal to One Hundred Fifty Thousand Dollars and No/100 ($150,000.00) per year, payable in accordance with the terms of this Agreement. Beginning on the thirteenth month that the Normal Retirement Benefit is paid, and continuing thereafter until paid in full, the Normal Retirement Benefit shall be increased annually by three percent (3%) from the previous year’s Normal Retirement Benefit amount to account for cost of living increases.

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

  • 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.

  • retirement annuity contract means a contract or scheme approved under Chapter III of Part XIV of the Income and Corporation Taxes Act 1988;

  • Actuarial equivalent means a benefit of equal value when

  • life annuity means an annuity payable under a policy issued to an SRS member for a term ending with, or at a time ascertainable only by reference to, the end of his life;

  • 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;

  • Annuity means a stated sum payable periodically at stated times during life or during a specified or ascertainable period of time under an obligation to make the payments in return for adequate and full consideration in money or money's worth.

  • Supplemental Benefit means the monthly benefit payable to the Executive under this Agreement.

  • Public benefit means making capital available, or facilitating the availability of capital, to businesses in this state that have 750 or fewer employees, the intent of which is to create or retain employment opportunities for residents of this state, stabilize or increase the tax base of this state, or support the redevelopment of facilities for use by small businesses.

  • Disability retirement for plan 1 members, means the period

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

  • war disablement pension means any retired pay or pension or allowance payable in respect of disablement under an instrument specified in section 639(2) of the Income Tax (Earnings and Pensions) Act 2003;

  • Change in Control Benefit means the benefit described in Section 2.4.

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

  • Lump Sum means the total sum which will have become payable to the Contractor by the Principal upon completion of the Works.