Vested Accrued Benefit definition

Vested Accrued Benefit means the value of the Participant's vested Accrued Benefit derived from Employer and Employee contributions (including rollovers). The provisions of this Section shall apply to a Participant who is vested in amounts attributable to Employer contributions, Employee contributions (or both) at the time of death or distribution.

Vested Accrued Benefit means that portion of the Executive’s Accrued Benefit in which he is vested. It is computed by multiplying the Accrued Benefit by the vesting percentage specified in Subsection 3.5. Such Vested Accrued Benefit shall be paid to the Executive in one hundred eighty (180) equal monthly installments.

Vested Accrued Benefit means the amount of the monthly benefit that a person is entitled to receive based on the person's service credit and compensation history as of the determination date under the benefit formula and other terms established by a retirement system, including a vested percentage where applicable, as those terms exist on the determination date. The vested accrued benefit of a member is calculated without regard to any optional form of payment the member may select at retirement. The term does not include cost-of-living increases that may be applied to a benefit after the determination date.

Examples of Vested Accrued Benefit in a sentence

• Your Vested accrued benefit will not become payable until you reach Normal Retirement Age.

• It carries mark up at the rate of six months KIBOR + 1.00% per annum.

• Refer to the Cash Balance Plan SPD for information on how your benefit under the Cash Balance Plan is determined.A discussion of how your Vested accrued benefit under the ANS Salaried Retirement Plan is determined follows below.

• BENEFITS UNDER THE PENSION PLAN Generally, your benefit under the Pension Plan is the greater of (i) your Vested benefit under the Cash Balance Plan payable at your Normal Retirement Date in the form of a Single Life Annuity or (ii) your Vested accrued benefit under the ANS Salaried Retirement Plan payable at your Normal Retirement Date in the form of a Single Life Annuity.

• No Participant loan shall exceed the present value of the Participant's Vested accrued benefit.

More Definitions of Vested Accrued Benefit

Vested Accrued Benefit means the amount of the Accrued Benefit of a Participant that is nonforfeitable as of any date.

Vested Accrued Benefit means the amount to which the Executive would be entitled under subsection 2(b) commencing at the Normal Retirement Date.

Vested Accrued Benefit means the Accrued Benefit multiplied by a vesting schedule (if any), as defined in the Participation Agreement.

Vested Accrued Benefit means the non-forfeitable portion of the Supplemental Retirement Income Benefit to which the Executive is entitled. It is computed by multiplying the Accrued Benefit by the Vesting percentage specified in Section 3.5. .22 "Year of Service" shall be earned upon completing twelve (12) months of continuous service (including authorized leaves of absence) after the 1st day of January, 1993.

Vested Accrued Benefit means the Accrued Benefit payable to the Participant at the time the Participant attains Normal Retirement Age if the Participant at Termination of Employment has attained age fifty-five (55) and completed at least five (5) Years of Service but has not attained Early Retirement Age (if applicable) or Normal Retirement Age or incurred a Disability, as set forth in Section 3.2.

Vested Accrued Benefit means the non-forfeitable portion of the Supplemental Retirement Income Benefit to which the Executive is entitled. It is computed by multiplying the Accrued Benefit by the Vesting percentage specified in Section 3.5.

Vested Accrued Benefit means the percentage of a Participant's Accrued Benefit to which he or she becomes entitled upon termination of his or her participation in the Plan determined in accordance with Section 7.5.