Examples of Retirement Benefit Amount in a sentence
In 2021 91.5 per cent of on time Wigan applicants were offered a place at their first preference primary school.
In the event of the Disability of a Participant, such Participant will be paid the Retirement Benefit Amount specified at Article II, Section 2.4; commencing as soon as administratively feasible following certification of such Disability, provided that such Participant shall have attained the Retirement Date.
We call the resulting Contract values the “Surrender Value” We pay the Surrender Value to you under Section 7.3 and Section 7.4 below.
The Normal Retirement Benefit Amount is determined by multiplying the ESCP II Participant’s Averaged Annual Base Salary times the ESCP II Participant’s Vested Percentage.
Payment of such Retirement Benefit Amount shall begin on the first business day of the month immediately following a Participant's Retirement Date or the first business day of the month immediately following such Participant's attainment of age 65, if later.
Notwithstanding any provisions of the Plan to the contrary, the Retirement Benefit Amount payable upon Retirement shall not be paid to a Participant or Beneficiary prior the third anniversary of the Effective Date of the Plan, except in the case of the death or Disability of the Participant or a Change in Control of the Bank.
Upon the death of a Participant who is not receiving benefit payments under the Plan prior to his or her death who as of the date of death otherwise meets the requirements of the Plan, regardless of whether he or she meets the minimum age set forth at Section 2.1, the Savings Bank shall pay to the Beneficiary designated in writing by the Participant, the Retirement Benefit Amount set forth at Article II, Section 2.4, during such Beneficiary’s lifetime.
Upon the death of a Participant who is not receiving benefit payments under the Plan prior to his or her death who as of the date of death otherwise meets the requirements of the Plan, regardless of whether he or she meets the minimum age set forth at Section 2.1, the Savings Bank shall pay to the Beneficiary the Retirement Benefit Amount set forth at Article II, Section 2.4, during such Beneficiary's lifetime.
Each Participant shall be entitled under this Plan to receive a Plan Benefit actuarially equivalent to the result obtained by reducing the Mandatory Retirement Benefit Amount by the Participant’s Offsetting Benefit Amount (if any), but only if such result is a positive amount.
The Committee may at any time distribute the Retirement Benefit Amount with respect to all future benefits payable pursuant to Sections 2.1, 2.2, 2.3, and 2.5 of the Plan, in a lump sum payment equal to the present value of all future benefits payable to such Participant.