Termination Benefit means the benefit set forth in Article 7.
Change in Control Benefit means the benefit described in Section 2.4.
Supplemental Retirement Benefit means the benefit determined under Article V of this Plan.
Termination Benefits means the benefits described in Section 4.1(b).
Retirement Benefit means the benefit set forth in Article 5.
Change in Control Benefits means the following benefits:
Normal Retirement Benefit means an annual benefit payment in the amount of Sixty-Six Thousand Three Hundred and Seventy-Three Dollars ($66,373.00) for a period of fifteen (15) years.
Early Retirement Benefit means the retirement benefit payable to a member following early
Accrued Benefit means the amount standing in a Participant's Account(s) as of any date derived from both Employer contributions and Employee contributions, if any.
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.
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.
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;
Severance Benefit means the payment of severance compensation as provided in Article III.
Maximum Benefit means the maximum benefit amount of each of the benefits covered under this Policy as stated in the Schedule of Benefits.
Change in Control Severance Benefits means the benefits payable pursuant to Section 3 of this Agreement.
Severance from Service Date means the earlier of:
Compensation Accrued at Termination means the following:
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.
Severance Amount means:
Net death benefit means the amount of the life insurance policy or certificate to be settled less any outstanding debts or liens.
Annual Benefit means an annual sum of fifty thousand dollars ($50,000) multiplied by the Applicable Percentage (defined below) and then reduced to the extent required: (i) under the other provisions of this Agreement; (ii) by reason of the lawful order of any regulatory agency or body having jurisdiction over the Employer; and (iii) in order for the Employer to properly comply with any and all applicable state and federal laws, including, but not limited to, income, employment and disability income tax laws (eg., FICA, FUTA, SDI).
Disability Retirement Date means the first day of the month following the last day of paid employment;
Separation Benefits has the meaning accorded such term in Section 3.04.
Service benefit means the credit toward retirement benefits as determined by the
Section 409A Payment Date means the earlier of (a) the date of Executive’s death or (b) the date that is six months after the date of termination of Executive’s employment with the Company.