Vested Retirement Benefit definition

Vested Retirement Benefit means the benefit determined in accordance with Section 7.5.
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Vested Retirement Benefit means the Retirement Benefit multiplied by the vesting schedule described in Article 4 hereof.
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Vested Retirement Benefit means the benefit described in Section 4.4.
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Examples of Vested Retirement Benefit in a sentence

  • The benefits payable to a Surviving Spouse or Eligible Children under this Section 4.8(f) will be no less than the benefits payable to a Surviving Spouse or Eligible Children under Section 4.4 (regarding the Deferred Vested Retirement Benefit) as if the Participant had died immediately prior to age fifty-five (55).

  • If a Participant dies after commencement of the payment of his Deferred Vested Retirement Benefit under this Section 4.4, his Surviving Spouse or Eligible Children will be entitled at Participant’s death to receive (in accordance with Sections 4.6 and 4.7) a benefit equal to fifty percent (50%) of the Participant’s Deferred Vested Retirement Benefit.

  • In the event that the employment of the Participant shall be terminated by the Plan Sponsor without cause, but including Disability, then this Agreement shall terminate upon the date of such termination of employment and the Plan Sponsor shall pay to the Participant as severance compensation his or her Vested Retirement Benefit.

  • To arrive at the amount of the Deferred Vested Retirement Benefit payments to commence at the Participant’s Normal Retirement Date, the Early Termination reduction calculated under Section 4.4(c) (and indirectly under Section 4.4(d), and Section 4.4(e)) will be limited to the maximum percentage reduction for Early Retirement at age fifty-five (55) (i.e., twenty-one percent (21%)).

  • The monthly installments made under his Vested Retirement Benefit will be the same as the monthly installments under his Accrued Benefit.

  • The Normal Retirement Benefit, Early Retirement Benefit, Disability Retirement Benefit or Deferred Vested Retirement Benefit under the Plan will be payable to the Participant in the form of a monthly benefit payable for life.

  • Service as an Executive Officer after age sixty (60) shall be recognized for purposes of vesting for an Employee’s Supplement Retirement Benefit or Early Vested Retirement Benefit.

  • Children and young people should also have the opportunity to provide their suggestions anonymously, e.g. through suggestion boxes placed in programmes.

  • A Former Participant who has terminated his employment as an Employee and satisfies the other eligibility requirements described in Section 4.15(a) shall be entitled to elect to receive a Vested Retirement Benefit commencing as provided in Section 4.15(c).

  • A Participant whose employment with the Company terminates for any reason before age 55 following a Change in Control is entitled to a Vested Retirement Benefit.


More Definitions of Vested Retirement Benefit

Vested Retirement Benefit means the aggregate annualized value of any benefits in respect of a Participant under any pension, retirement, or deferred profit sharing plan maintained by the Corporation (other than this Plan) that either have been paid prior to the Participant's Benefit Commencement Date or are vested as of the Participant's Benefit Commencement Date. For this purpose,
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Vested Retirement Benefit means the Benefit which is non-forfeitable in accordance with Section 3.9-B.
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Vested Retirement Benefit means the Benefit provided under Section 5.9 which is nonforfeitable, except as provided therein.
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Vested Retirement Benefit means the Normal Retirement Benefit described in Section 2.1.1 that the Executive has earned as of the end of the Plan Year preceding either: (i) Separation from Service; or (ii) the Executive’s death.
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Vested Retirement Benefit means the nonforfeitable Retirement ------------------------- Benefit of a Member who has:
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Vested Retirement Benefit means Vested Retirement Benefit as defined in the Applicable Exhibit.
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Related to Vested Retirement Benefit

  • Supplemental Retirement Benefit means the benefit determined under Article V of this Plan.

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

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

  • Pre-Retirement Survivor Benefit means the benefit set forth in Article 6.

  • Accrued Benefit have the meanings specified in ERISA.

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

  • SERP Benefit means the benefit described in Section 5.1.

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

  • 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;

  • Deferred Retirement Date means, in the case of any Participant who continues in employment after his Normal Retirement Date, the first day of any month following his actual retirement.

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

  • Disability Benefit means the benefit set forth in Article 8.

  • Disability Retirement Date means the first day of the month following the last day of paid employment;

  • Supplemental Benefit means the monthly benefit payable to the Executive under this Agreement.

  • Earliest Retirement Age means the earliest date on which, under the Plan, the Participant could elect to receive retirement benefits.

  • Designated Retirement Account means any retirement plan or account described or qualified under the Internal Revenue Code of 1986, as amended, or a subaccount thereof.

  • Change in Control Benefit means the benefit set forth in Section 4.1 below.

  • Retirement Date means the date as of which a Participant retires for reasons other than Total and Permanent Disability, whether such retirement occurs on a Participant's Normal Retirement Date or Late Retirement Date (see Section 6.1).

  • Retirement Age means the earlier to occur of the Participant attaining: (i) age 65 or more; or (ii) age 60 or more with at least 15 years of continuous Service, provided that the Participant has continuously remained in Service from the Award Date until the earlier to occur of (i) or (ii).

  • Death Benefit means the insurance amount payable under the Certificate at death of the Insured, subject to all Certificate provisions dealing with changes in the amount of insurance and reductions or termination for age or retirement. It does not include any amount that is only payable in the event of Accidental Death.

  • Disability retirement for plan 1 members, means the period

  • Net death benefit means the amount of the life insurance policy or certificate to be settled less any outstanding debts or liens.

  • Severance from Service Date means the earlier of:

  • Vested Benefits means amounts which are vested or which Executive is otherwise entitled to receive under the terms of or in accordance with any plan, policy, practice or program of, or any contract or agreement with, the Company or any of its subsidiaries, at or subsequent to the date of his termination without regard to the performance by Executive of further services or the resolution of a contingency.

  • Normal Retirement Age means the Executive's 65th birthday.

  • Postponed Retirement Date means the first day of the month coincident with or next following a Participant’s date of actual retirement which occurs after his Normal Retirement Date.