Retirement Amount definition

Retirement Amount shall be calculated by multiplying the Benefit Computation Amount by a percentage determined as follows: two percent (2%) multiplied by the number of full years of service with the Company up to thirty (30). The "Benefit Computation Amount" shall be the average of the Executive's compensation during the three (3) consecutive calendar years in which his compensation, including any bonus, is the highest, as determined by reference to the W-2 forms issued by the Company.
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Retirement Amount shall be calculated by multiplying the Benefit Computation Amount by a percentage determined as follows: two percent (2%) multiplied by the number of full years of service as a senior executive officer with the Company and/or the Bank up to thirty five (35). Any year in which Executive was employed as a senior executive office of both the Company and the Bank shall be considered one year of service. The "Benefit Computation Amount" shall be the average of the Executive's compensation during the three (3) consecutive calendar years in which his compensation, including any bonus, is the highest, as determined by reference to the W-2 forms issued by the Company. Executive is 100% vested as of the date of this Agreement.
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Retirement Amount means the amount calculated by (A) multiplying .2693% by the number of months that Mr. Xxxxx xxx been and is employed on a full time basis by AmerUs and its predecessor companies, (B) multiplying the product derived in clause (A) by sum of (i) the result of (a) multiplying $3,000 times the number of months that Mr. Xxxxx xxx been employed on a full-time basis by AmerUs minus 37 months and (b) dividing the product derived in clause (i)(a) by the number of months that Mr. Xxxxx xxx been employed on a full-time basis; plus (ii) Mr. Xxxxx'x xxxrage monthly income as derived from his Pensionable Earnings, as defined in Article I Subsection (17) of the All*AmerUs Savings and Retirement Plan (without regard to the last sentence in such Subsection (17)), excluding income from stock options, stock grants and other awards under the AmerUs Stock Incentive Plan, and then (C) subtracting the "Monthly Base Amount" (as hereinafter defined) from the product of clauses A and B. The Monthly Base Amount is an amount calculated by (i) adding the maximum amount which AmerUs would be permitted to contribute in the aggregate as its "matching", "core" and "interim benefit supplement" contributions (as those terms are used in the Plans) for each month that Mr. Xxxxx xxx been employed on a full time basis by AmerUs to Mr. Xxxxx'x xxxounts in the All*AmerUs Savings and Retirement Plan and the All*AmerUs Supplemental Executive Retirement Plan, All*AmerUs Excess Benefit Plan and the Non-Qualified Non-Funded Deferred Compensation Agreement of October 1, 1998 (together the "Plans") assuming that Mr. Xxxxx xxxld make the maximum permitted deferral; (ii) deducting from the amounts determined under clause (i) two percent (2%) of the sum of Mr. Xxxxx'x Xxxsionable Earnings for each month that he is employed on a full time basis after January 1, 1996 and $3000 per month for each month that he is employed on a full time basis after October 1, 1998, and then (iii) crediting the amount of the remainder determined pursuant to the subtraction of clause (ii) from the amount determined in clause (i) with an 8% per annum compound interest rate; and (iv) adding (a) the amount of the remainder determined pursuant to the subtraction of clause (ii) from the amount determined in clause (i) and (b) the amount calculated in accordance with clause (iii) as of August 8, 2008 (together the "Final Amount") and then determining the monthly amount that would be payable under a net single premium life annuity pur...
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Examples of Retirement Amount in a sentence

  • The Supplemental Retirement Amount shall be determined using the actuarial equivalent of the benefit payable under the Retirement Plans which you would have received had your employment continued for 36 months following the Termination Date and, using the Actuarial Assumptions (as defined below) of your actual benefit paid or payable, if any, under the Retirement Plans.

  • If such a Participant retires without approval of the Committee, his Target Retirement Amount shall be reduced by 5% for each year by which the benefit commencement date precedes his 65th birthday (prorated for partial years on a monthly basis).

  • For such a Participant who retires without approval of the Committee, his Target Retirement Amount shall be further multiplied by a fraction equal to his actual years of Credited Service at Termination Of Employment over years of Credited Service the Participant would have had at age 65.

  • Promptly following delivery of the Option Notice, Landlord shall deliver notice to Tenant setting forth Landlord’s calculation of the Purchase Price (“Landlord’s Calculation”), together with reasonable evidence of the Applicable Bond Retirement Amount, Applicable Percentage, Approved Landlord Costs, Bond Retirement Amount, Bond Servicing Costs, current Rent Shortfall and any Condemnation Purchase Price Credit.

  • For the purpose of converting required offsets to the Target Retirement Amount under Section 5.1(a) that relate to a cash balance arrangement, the factors that shall be used are the mortality table determined in accordance with Code Section 417(e)(3) that is applicable as of the distribution date and the applicable interest rate determined in accordance with Code Section 417(e)(3) for the September immediately prior to the Plan Year in which the distribution occurs.

  • At the closing under the Asset Agreement, there shall be deducted from the Distribution Amount an amount of $272,000 which the parties intend shall be deemed a retirement contribution (the "Retirement Amount").

  • If Landlord and Tenant are unable to agree upon the Purchase Price calculation prior to Closing, the Purchase Price shall be deemed to be as set forth in Landlord’s Calculation; provided that the Purchase Price may be reconciled post-Closing based on the documented Applicable Bond Retirement Amount, Applicable Percentage, Approved Landlord Costs, Bond Retirement Amount, Bond Servicing Costs, Rent Shortfall and any Condemnation Purchase Price Credit.

  • The "Net Retirement Benefit" shall be determined by calculating the Vested Retirement Amount and subtracting therefrom the amount of Offsets actually paid to the Executive (or which he would have received upon making appropriate elections) (all such terms as hereinafter defined).

  • The "Net Retirement Benefit" shall be determined by calculating the Retirement Amount and subtracting therefrom the amount of Offsets actually paid to the Executive (or which he would have received upon making appropriate elections) (all such terms as hereinafter defined).

  • The "Retirement Amount" shall be calculated by multiplying the Benefit Computation Amount by a percentage determined as follows: two percent (2%) multiplied by the number of full years of service as a senior executive officer with the Company and/or the Bank up to thirty five (35).


More Definitions of Retirement Amount

Retirement Amount means the amount calculated by (A) multiplying .2693% by the number of months that Mr. Xxxxx xxx been and is employed on a full time basis by AmerUs and its predecessor companies, (B) multiplying such amount by his average monthly income as derived from his Pensionable Earnings, as defined in Article I Subsection (17) of the All AmerUs Savings and Retirement Plan (without regard to the last sentence in such Subsection (17)), but excluding stock options, stock grants or similar compensation payments from AmerUs and its predecessor companies, and (C) taking that amount and subtracting the "Monthly Base Amount". The Monthly Base Amount is an amount calculated by (i) taking 2% of Mr. Xxxxx'x Pensionable Earnings (as defined above) for each month that he is employed, plus the entire amount of AmerUs' core and interim benefit supplement contributions to his accounts in the AlliAmerUs Savings and Retirement Plan and the AlliAmerUs Supplemental Executive Retirement Plan (together the "Plans"); (ii) crediting such amounts with an 8% per annum compound interest rate; and (iii) taking the aggregate of those amounts as of August 8, 2008 and determining the monthly amount that would be payable under a net single premium life annuity purchased on that date, with an initial payment on August 31, 2008, utilizing the method of determining assumptions present in the 1/1/96 American Mutual Life Insurance Pension Plan.
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Retirement Amount has the meaning set forth in the Retirement Agreement. [***] Certain information in this document has been omitted from this exhibit because it is both (i) not material and (ii) would be competitively harmful if publicly disclosed.
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Retirement Amount means the Cash amount the Company is required under the Company LLC Agreement to Distribute to the Class A Member on the Retirement Date.
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Retirement Amount means the Topaz Retirement Amount or the Diamond Retirement Amount, as the context may require.
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Retirement Amount means (a) $22,000,000 minus (b) the Initial Expense Deduction.
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Retirement Amount is defined in Section 11.1(d) of the Chaparral LLC Agreement.
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Related to Retirement Amount

  • Retirement Date means the date as of which a Participant retires for reasons other than Total and Permanent Disability, whether such retirement occurs on a Participant's Normal Retirement Date or Late Retirement Date (see Section 6.1).

  • Average final compensation means the average annual creditable compensation of a member during

  • Principal Payment Amount For any Distribution Date, an amount equal to the related Principal Remittance Amount for such date minus the related Overcollateralization Release Amount, if any, for such date.

  • Deferred Retirement Date means, in the case of any Participant who continues in employment after his Normal Retirement Date, the first day of any month following his actual retirement.

  • Maximum Benefit Amount means the maximum amount payable for coverage provided to You as shown in the Schedule of Benefits.

  • Normal Retirement Date means the later of the Normal Retirement Age or Termination of Employment.

  • Normal Retirement Benefit means an annual benefit payment in the amount of Sixty-Six Thousand Three Hundred and Seventy-Three Dollars ($66,373.00) for a period of fifteen (15) years.

  • Early Retirement Benefit means the retirement benefit payable to a member following early

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

  • Company Contribution Amount means, for any one Plan Year, the amount determined in accordance with Section 3.5.

  • Maximum Contribution Amount shall equal the excess of (i) the aggregate proceeds received by such Holder pursuant to the sale of such Registrable Notes or Exchange Notes over (ii) the aggregate amount of damages that such Holder has otherwise been required to pay by reason of such untrue or alleged untrue statement or omission or alleged omission. No person guilty of fraudulent misrepresentation (within the meaning of Section 11(f) of the Securities Act) shall be entitled to contribution from any Person who was not guilty of such fraudulent misrepresentation. The Holders’ obligations to contribute pursuant to this Section 8(d) are several in proportion to the respective principal amount of the Registrable Securities held by each Holder hereunder and not joint. The Company’s and Subsidiary Guarantors’ obligations to contribute pursuant to this Section 8(d) are joint and several. The indemnity and contribution agreements contained in this Section 8 are in addition to any liability that the Indemnifying Parties may have to the Indemnified Parties.

  • Benefit Amount shall have the meaning set forth in Section 20.12 hereof.

  • Accrual Distribution Amount As to any Distribution Date prior to the applicable Accretion Termination Date and any Class of Accrual Certificates, an amount equal to the sum of (i) the Class A Interest Percentage of such Class of Accrual Certificates of the Current Class A Interest Distribution Amount and (ii) the Class A Interest Shortfall Percentage of such Class of Accrual Certificates of the amount distributed in respect of the Classes of Class A Certificates pursuant to Paragraph second of Section 4.01(a)(i) on such Distribution Date. As to any Distribution Date on or after the applicable Accretion Termination Date, zero.

  • 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.

  • Retirement Age means the earlier to occur of:

  • Supplemental Retirement Benefit means the benefit determined under Article V of this Plan.

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

  • Retirement fund means the "Washington law enforcement

  • Individual retirement account means a trust, custodial arrangement, or annuity under Section 408(a) or (b), Internal Revenue Code of 1954 (26 U.S.C. Section 408 (1986)).

  • Severance Amount means:

  • Cash Contribution Amount means the aggregate amount of cash contributions made to the capital of the Issuer or any Guarantor described in the definition of “Contribution Indebtedness.”

  • Early Retirement Date means the Retirement, as defined below, of the Executive on a date which occurs prior to the Executive attaining sixty-two (62) years of age, but after the Executive has attained fifty-five (55) years of age.

  • Deferred Amount With respect to any Distribution Date and each Class of the Subordinate Certificates, the amount by which (x) the aggregate of Applied Loss Amounts previously applied in reduction of the Class Principal Amount thereof exceeds (y) the sum of (1) the aggregate of amounts previously reimbursed in respect thereof and (2) the amount by which the Class Principal Amount of such Class has been increased due to any Subsequent Recovery.

  • Total Distribution Amount With respect to any Distribution Date, the sum of (i) the aggregate of the Interest Remittance Amounts for such date; (ii) the aggregate of the Principal Remittance Amounts for such date; and (iii) all Prepayment Premiums collected during the related Prepayment Period.

  • Payment Amount has the meaning specified in Section 6.1.

  • Retirement Account means any retirement or pension fund or account, listed in Iowa Code section 627.6(8)“f” as exempt from execution, regardless of the amount of contribution, the interest generated, or the total amount in the fund or account.