Retirement Benefits definition

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;
Retirement Benefits means any pension, lump sum, gratuity or similar benefit provided or to be provided on or after retirement (including early retirement), death or disability in respect of an Employee’s employment, but excluding benefits provided under an arrangement, the sole purpose of which is to provide benefits on the accidental injury or death of an Automatic Transfer Employee.
Retirement Benefits means the benefits described in Section 3.1(b) hereof.

Examples of Retirement Benefits in a sentence

  • It is our intent that all such Deferrable Retirement Benefits be distributed to or held for only individual beneficiaries, within the meaning of the Minimum Distribution Rules.

  • The administrators, custodians, or other fiduciaries of the respective Deferrable Retirement Benefits shall incur no liability to the trust or to any of its beneficiaries for acting upon the written instruction of the Trustee pursuant to this Section.

  • Accordingly, we direct that such Deferrable Retirement Benefits may not be used or applied for payment of our debts, taxes, expenses of administration, or other claims against our estates; nor for payment of estate, inheritance, or similar transfer or death taxes due on account of our deaths.

  • All Deferrable Retirement Benefits held in this Trust or payable to this Trust, or any trust herein, shall be allocated to the trust established in Article IX herein to be held, administered, and distributed as set forth herein.

  • From and after the surviving settlor’s death, the Trustee shall establish separate trusts for any Deferrable Retirement Benefits payable hereto, and these trusts shall be held for the benefit of the following designated beneficiaries: In equal shares to our children, to be distributed in accordance with the terms of this Article IX.


More Definitions of Retirement Benefits

Retirement Benefits means the benefits set forth in Section 5.1.
Retirement Benefits. The ability to exercise any and all options granted after the Option Effective Date (and any options granted prior to the Option Effective Date but only to the extent that such extension of exercisability would not require the Company to incur a compensation expense for financial statement purposes) to the extent such options are vested as of the date of termination of employment for the earlier of: (i) the term of the option or (ii) five years; and
Retirement Benefits means an annuity, pension, health or
Retirement Benefits. A variety of retirement benefits, including Voluntary Early Retirement and conversion of accrued illness/bereavement leave, continuation of health benefits, monetary retirement benefits, and other Voluntary Early Retirement Plan benefits are eligible for staff as outlined in policy.
Retirement Benefits means benefits payable under Part 7 (retirement benefits); “retirement earned pension” means, in relation to this scheme—
Retirement Benefits means benefits payable by reference to reaching, or expecting to reach, retirement or a particular age or payable by reason of serious ill-health, incapacity or death and any retirement benefit within the meaning of section 255 of the Pensions Xxx 0000.
Retirement Benefits means any annuity payment to retired members, their spouses, beneficiaries or dependents provided for under the plan.