Retirement Income Benefit definition

Retirement Income Benefit means the deferred compensation retirement income benefit determined pursuant to Article 4.

Retirement Income Benefit means 1/12 of the benefit described in Article 3 payable as a monthly annuity.

Retirement Income Benefit means the benefit described in Section 3.

Examples of Retirement Income Benefit in a sentence

• The amount of the Guaranteed Retirement Income Benefit is determined by applying the Income Base as of the Payout Start Date, less any applicable taxes, to the Income Payment Table shown in your Contract for the Income Plan selected by the Owner.

• Such Supplemental Retirement Income Benefit Contributions to the Retirement Income Trust Fund shall commence in the Plan Year in which the Retirement Income Trust Fund is established and shall continue through the Plan Year in which the Executive first exercises his withdrawal rights.

• The Income Base is used solely for the purpose of calculating the amount of the Guaranteed Retirement Income Benefit and the Rider Fee.

• The amount of such final Phantom Contribution shall be actuarially determined based on the Phantom Contribution required at such time (if any), in order to provide a benefit via this Agreement equivalent to the Supplemental Retirement Income Benefit commencing within thirty (30) days of the date the Administrator receives notice of the Executive's death and continuing for the duration of the Payout Period.

• Supplemental Retirement Income Benefit Contributions shall be made in accordance with Subsection 2.1(b)(4) (or 2.1(b)(3), as applicable) and Supplemental Retirement Income Benefit Phantom Contributions shall be recorded in accordance with 2.1(c)(4) (or 2.1(c)(3), as applicable).

More Definitions of Retirement Income Benefit

Retirement Income Benefit means the deferred compensation retirement income benefit provided to Participants and their beneficiaries in accordance with the applicable provisions of the Plan.

Retirement Income Benefit means the benefit defined in Section 4.02

Retirement Income Benefit means the retirement benefit described in Section 10.01.

Retirement Income Benefit. A Participant's Retirement Income Benefit shall be equal to the sum of the Annual Percentage Accrual(s), if any, declared by the Committee during the years that said Participant participated in the Plan. Within thirty (30) days after the end of each Plan Year, each Participant shall receive a statement of benefits reflecting the Participant's Retirement Income Benefit (if any) earned for the previous Plan Year, as well as the total of said Participant's accrued benefit, to date.

Retirement Income Benefit. The benefit to which a Participant becomes entitled in accordance with Article III.

Retirement Income Benefit. The payment of a Participant's Retirement Income Benefit shall commence on or about the first day of the month next following thirty (30) days after his employment with the Company terminates, and shall be payable on or about the first day of each subsequent month until a total of 180 such payments have been made. If said Participant shall die after having received any of said payments and before having received the entire benefit to which he is entitled, said payments shall continue to be made to his Beneficiary.

Retirement Income Benefit means a benefit described in Section 5.01 through 5.04.