Retirement Credits definition

Retirement Credits means notional additions to the Retirement Account determined in accordance with Section 3.1(c).
Retirement Credits means the Company Contributions described in Section 5.3(a).
Retirement Credits means the amounts credited to a Participant’s Excess Retirement Savings Plan Account pursuant to Section 4.6.”

Examples of Retirement Credits in a sentence

  • The number of Retirement Credits the Optionee has shall equal the sum of (i) the Optionee’s age in whole years plus (ii) the Optionee’s whole years of employment with the Company or a Subsidiary, in both cases determined as of the date of retirement.

  • The number of Retirement Credits a Participant has shall equal the sum of (i) the Participant’s age in whole years plus (ii) the Participant’s whole years of employment with the Company or a Subsidiary, in both cases determined as of the date of retirement.

  • A notional Retirement Account shall be created and maintained for each Member and Vested Former Member and shall be the sum of the balance of the Retirement Credits and annual Investment Credits thereon, as provided in Sections 3.1(c) and (d), respectively and a Member’s Stock Account, as provided in Section 3.1(e).

  • In response, Marsh obtained a legal opinion from the law firm of Sullivan & Cromwell, which interpreted the Social Security Offset in the SERP as equivalent to actual benefitsreceived, including any Delayed Retirement Credits.

  • For each calendar year, each Member shall have his or her Retirement Account credited with notional Retirement Credits in an amount equal to the Member’s Basic Rate times the Member’s Compensation for such calendar year.

  • A Member’s Retirement Credits shall be allocated to the Member’s Retirement Account as of the end of each calendar year.

  • Notwithstanding the foregoing, Retirement Credits made with respect to the calendar year in which a Member’s Separation from Service occurs shall be made as soon as administratively practicable following such Separation from Service rather than at the end of such calendar year and in no event later than the Member’s Benefit Payment Date.

  • A notional Retirement Account shall be created and maintained for each Member and Vested Former Member and shall be the sum of the Retirement Credits and annual Investment Credits thereon, as provided in Sections 3.1(c) and (d), respectively.

  • Powers, functions and duties of Gram Panchayat of Pradhan and Upa-Pradhan.

  • At the end of each calendar month, the balance of the Participant's Retirement Benefit Account, determined after deducting any charges against the account but before adding any Retirement Credits for the month (the "end of month" balance), shall be increased with earnings.


More Definitions of Retirement Credits

Retirement Credits means the amounts determined under Section 5.2 that are added to a Participant’s Retirement Benefit Account.
Retirement Credits means the amounts determined under Section 5.2 that are added to a Participant's Retirement Benefit Account.
Retirement Credits means the employer amounts described in Section 7.1.

Related to Retirement Credits

  • 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.

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

  • 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;

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

  • Participant’s Account means an account maintained for each Participant’s participation in DSUs and/or RSUs under the Plan;

  • Employer Matching Contributions means the Employer matching contributions made to the Trust Fund pursuant to Article V (Employer Matching Contributions).

  • SERP Benefit means the benefit described in Section 5.1.

  • Company Matching Contributions means any contributions made to the Company Matching Account of a Participant by a Participating Employer as provided for in Section 4.02.

  • Retirement Eligibility means Employee’s attainment of 60 years of age and ten years of continuous employment with Corporation.

  • Retirement Accounts has the meaning ascribed thereto in Section 2.1(F)(7) hereof.

  • Normal Retirement Benefit means the benefit described in Section 2.1.

  • Company Matching Account means (i) the sum of all of a Participant's Annual Company Matching Amounts, plus (ii) amounts credited in accordance with all the applicable crediting provisions of this Plan that relate to the Participant's Company Matching Account, less (iii) all distributions made to the Participant or his or her Beneficiary pursuant to this Plan that relate to the Participant's Company Matching Account.

  • Retirement Eligible means that the Participant has either attained age 55 and completed ten (10) years of Service as an Employee or attained age 60 and completed five (5) years of Service as an Employee.

  • Matching Contribution Account means the separate, individual account established on behalf of a Participant to which the Matching Contributions made on such Participant's behalf are credited, together with all earnings and appreciation thereon, and against which are charged any withdrawals, loans and other distributions made from such account and any losses, depreciation or expenses allocable to amounts credited to such account.

  • Matching Contribution means an Employer contribution made to this or any other defined contribution plan on behalf of a Participant on account of a Participant's Deferral Contribution.

  • Retirement fund means the "Washington law enforcement

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

  • Employer Contribution means the amount paid by an employer, as determined by the employer rate, including the normal and deficiency rates, contributions, and funds wherever used in this chapter.

  • Retirement Savings Plan means the Air Products and Chemicals, Inc. Retirement Savings Plan, as amended from time to time, together with any similar, succeeding or substitute plan.

  • Deferred Compensation Account means the account maintained with respect to each Participant under the Plan. The Deferred Compensation Account shall be credited with Participant Deferral Credits and Employer Credits, credited or debited for deemed investment gains or losses, and adjusted for payments in accordance with the rules and elections in effect under Section 8. The Deferred Compensation Account of a Participant shall include any In-Service or Education Account of the Participant, if applicable.

  • Elective Deferral Account means the account established hereunder to which Elective Deferrals (including a separate accounting for Catch-Up Contributions) are allocated. Amounts in the Participant's Elective Deferral Account are nonforfeitable when made and are subject to the distribution restrictions of Section 12.2(e). The Elective Deferral Account may consist of the

  • Employer Contribution Account means, for any Participant, the account established by the Administrator or Trustee to which Employer Contributions made under Section 3.5 for the Participant's benefit are credited.

  • 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)).

  • Deferral Contributions are Salary Reduction Contributions and Cash or Deferred Contributions the Employer contributes to the Trust on behalf of an Eligible Employee, irrespective of whether, in the case of Cash or Deferred Contributions, the contribution is at the election of the Employee. For Salary Reduction Contributions, the terms "deferral contributions" and "elective deferrals" have the same meaning.

  • Deferral Account means the Company's accounting of the Director's accumulated Deferrals plus accrued interest.

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