Total Retirement Benefit definition
Total Retirement Benefit means the amount specified as the Total Retirement Benefit in a Participant’s Plan Agreement in effect on the date such Participant Retires or Separates Employment.
Total Retirement Benefit means the sum of the Basic Retirement and the Supplementary Retirement Benefits.
Total Retirement Benefit means the amount of a Participant’s Annual Retirement Benefit divided by 12 and multiplied by the lesser of (i) the number of months the Participant has served as an Outside Director, or (ii) 120 months.
Examples of Total Retirement Benefit in a sentence
So long as the Executive continues to ------------------- serve as the chief executive officer of the Company until at least his 55th birthday, he shall accrue an increasing total annual retirement benefit assuming retirement at age 62 as set forth in the chart below (the "Total Retirement Benefit").
For purposes of this section, Total Retirement Benefit shall be the sum of (a) the lump sum benefit to which Executive is entitled under the provisions of Section 4.03 (C) (2) of the Venator Group Retirement Plan plus (b) the amount of the lump sum Excess Cash Balance Benefit payable under the provisions of the Excess Cash Balance Plan plus (c) the amount of Executive's Account under the SERP, prior to any adjustment provided for herein.
More Definitions of Total Retirement Benefit
Total Retirement Benefit means an annual retirement benefit as set forth in the chart below: