Annual Benefit means an annual sum of fifty thousand dollars ($50,000) multiplied by the Applicable Percentage (defined below) and then reduced to the extent required: (i) under the other provisions of this Agreement; (ii) by reason of the lawful order of any regulatory agency or body having jurisdiction over the Employer; and (iii) in order for the Employer to properly comply with any and all applicable state and federal laws, including, but not limited to, income, employment and disability income tax laws (eg., FICA, FUTA, SDI).
Change in Control Severance Benefits means the benefits payable pursuant to Section 3 of this Agreement.
housing benefit means housing benefit under Part 7 of the SSCBA;
Severance Benefit means the payment of severance compensation as provided in Article III.
Qualifying contribution means, with respect to a
Qualifying child means an individual who:
Qualifying Employee means any employee of Managing Agent or Parent or any of their respective subsidiaries who is and has been an employee of Managing Agent or Parent or any of their respective subsidiaries for at least thirty-six (36) months.
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.
Net Benefit means the present value of the Covered Payments net of all federal, state, local, foreign income, employment and excise taxes.
Severance Benefits mean the payment of severance compensation as provided in Section 2.3 herein.
Qualifying Dependent means, for Dependent Care Flexible Spending Account purposes,
Pension Benefit means a pension, annuity, gratuity or similar allowance which is payable—
Maximum Benefit Amount means the maximum amount payable for coverage provided to You as shown in the Schedule of Benefits.
Qualifying week means the 15th week before the expected week of childbirth.
extended reduction (qualifying contributory benefits means a reduction under this scheme for which a person is eligible in accordance with paragraph 88 or 95;