Additional Pension Sample Clauses

Additional Pension. 5.3.1 The Admission Body must not resolve to award a Member additional pension under regulation 31 of the 2013 Regulations unless either:
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Additional Pension. 5.3.1 The Admission Body will not resolve to award a Member additional pension under Regulation 31 of the Regulations unless, before the expiry of the Relevant Period the Admission Body pays the appropriate sum to the Administering Authority for credit to the Fund.
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Additional Pension. (a) Subject to Section 3.13(b) and Section 3.13(c) and Section 3.13(d) and Section 3.13(e), the Additional Pension in respect of any Designated Executive shall be deemed to be a pension payable under this RCA Plan.
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Additional Pension. In recognition of the loss of pension you will suffer as a result of leaving your current employer the Company expresses the firm intention to make you the following additional pension commitments: Your pension years will, upon retirement from active employment with Philips at the age of 60, be based on the period from the commencement of your employment, — 1 April 2002 -, plus extra 4 years. In the event of decease or complete disablement for work in the sense of the “WAO” (a Netherlands social security law) during active employment with Philips this special pension commitment will likewise be applied in full. In the event of dismissal before you reach the age of 60 the special pension commitment will be applied on a pro rata basis.
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Additional Pension. Upon the achievement of both 5 years of service and the substantial performance of his obligations under this Agreement, the Employee will be provided a supplemental pension equal to (i) the amount of pension he would have had under the Company's defined benefit retirement plan and related excess benefit plan if period of the Employee's service under those plans were tripled, less (ii) the amount of pension to which the Employee is entitled under the Company's defined benefit retirement plan and related excess benefit plan. (c)
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Additional Pension. (A) If the average per bargaining unit member health care costs in 2007 and/or 2008 are lower than the health care costs budgeted by the Employer for the bargaining unit in those years, the Employer shall contribute the difference between the budgeted average per bargaining unit member health care costs and actual average per bargaining unit member health care costs to the Employer’s tax-deferred annuity plan described in Section 5.2. The Employer shall take the total amount available for contribution and divide it by the number of employees in the bargaining unit on December 31, 2007 and December 31, 2008 to determine the per-employee contribution amount. The Employer shall notify the bargaining unit of the difference between budgeted and actual average per bargaining unit member health care costs by January 15, 2008 and January 15, 2009.
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Related to Additional Pension

  • Retirement Benefit Should the Director still be in the Directorship ------------------ of the Association upon attainment of his 70th birthday, the Association will commence to pay him $590 per month for a continuous period of 120 months. In the event that the Director should die after becoming entitled to receive said monthly installments but before any or all of said installments have been paid, the Association will pay or will continue to pay said installments to such beneficiary or beneficiaries as the Director has directed by filing with the Association a notice in writing. In the event of the death of the last named beneficiary before all the unpaid payments have been made, the balance of any amount which remains unpaid at said death shall be commuted on the basis of 6 percent per annum compound interest and shall be paid in a single sum to the executor or administrator of the estate of the last named beneficiary to die. In the absence of any such beneficiary designation, any amount remaining unpaid at the Director's death shall be commuted on the basis of 6 percent per annum compound interest and shall be paid in a single sum to the executor or administrator of the Director's estate.

  • Supplemental Retirement Benefit In addition to the foregoing, Executive shall be eligible to participate in the Supplemental Executive Retirement Plan maintained by Cleco Utility Group Inc. or such other supplemental retirement benefit plans which the Company or its Affiliates may adopt, from time to time, for similarly situated executives (the "Supplemental Plan").

  • Supplemental Retirement Benefits The terms and conditions for the payment of supplemental retirement benefits are set forth in a separate written agreement between the parties.

  • Death Benefit Should Employee die during the term of employment, the Company shall pay to Employee's estate any compensation due through the end of the month in which death occurred.

  • Normal Retirement Benefit Upon Termination of Employment on or after the Normal Retirement Age for reasons other than death, the Company shall pay to the Executive the benefit described in this Section 2.1 in lieu of any other benefit under this Agreement.

  • Death Benefit Amount The Death Benefit Amount as of any Business Day prior to the Annuity Date is equal to the greater of:

  • Net Benefit A Net Benefit for a particular fund or, in the case of a multi-class fund, a class results when aggregate Benefits exceed aggregate Losses (i.e., net redemptions on a day the fund’s or class’s NAV is understated or net subscriptions on a day the fund’s or class’s NAV is overstated) during the Error Period.

  • Actuarial Equivalent The Actuarial Equivalent of the payments from the SERP determined under that Plan and this subsection shall be determined by taking into account the reduction for early commencement of benefits imposed by that Plan and by using reasonable actuarial assumptions. For purposes of determining the lump sum actuarial equivalent, the corresponding actuarial assumptions provided in the Retirement Plan (or, to the extent not provided in that Plan, as provided under GATT) shall be used.

  • Defined Benefit Pension Plans The Borrower will not adopt, create, assume or become a party to any defined benefit pension plan, unless disclosed to the Lender pursuant to Section 5.10.

  • Post-Retirement Benefits The present value of the expected cost of post-retirement medical and insurance benefits payable by the Borrower and its Subsidiaries to its employees and former employees, as estimated by the Borrower in accordance with procedures and assumptions deemed reasonable by the Required Lenders is zero.

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