1Amount of Benefit. The benefit under Section 3.1 is the greater of (x) the normal retirement benefit accrued by the Company for the Executive as of the date of the Executive's death or (y) the original projected retirement benefit as shown on Schedule A hereto. 3.1.
1Amount of Benefit. The annual benefit under this Section 2.3 is the Change in Control benefit set forth on Schedule A for the Plan Year ended immediately prior to the date Separation from Service occurs. Additionally, the annual benefit amount shall be increased by a pro-rated amount relative to the Executive’s service during the partial Plan Year in which Separation from Service takes place. This amount will be added to the Annual Benefit amount at the end of the preceding Plan Year on Schedule A.
1Amount of Benefit. The annual benefit under this Section 2.2 is the benefit calculated under Section 2.1.1 as if the date of the Executive's Termination of Employment was the Executive's Normal Retirement Date, which amount is then multiplied by a fraction, the numerator of which is the Executive's actual Years of Service through the date of the Executive's Termination of Employment and the denominator of which is the Years of Service the Executive would have had had the date of Executive's Termination of Employment coincided with his actual Normal Retirement Date. 2.2.
1Amount of Benefit. The annual benefit under this Section 2.1 is eighteen thousand dollars ($18,000). Commencing at the end of the first Plan Year, and each Plan Year thereafter, the annual benefit shall be increased three percent (3%) from the previous Plan Year to a projected annual benefit of ____________________________ dollars ($______) at Normal Retirement Age.
1Amount of Benefit. The benefit under this Section 2.2 is the Early Termination Benefit set forth on Schedule A for the Plan Year during which the Early Termination Date occurs. This benefit is determined by vesting the Director in 100% of the Accrual Balance.
1Amount of Benefit. The benefit under this Section 4.2 shall be the balance of the Director's Deferral Account on the date of the Manager’s Termination of Service.
1Amount of Benefit. The benefit under this Section 5.1 is the Deferral Account balance at the Director's death.
1Amount of Benefit. The benefit under this Section 2.3 is the Death Benefit set forth on Schedule A for the Plan Year in which the Director dies. This benefit is determined by vesting the Director's Beneficiary in one hundred percent (100%) of the Accrual Balance.
1Amount of Benefit. The benefit under Section 5.1 is the Deferral Account balance on the date of the Manager’s death.
1Amount of Benefit. The annual benefit under this Section 2.3 is the Disability Benefit set forth on Schedule A for the Plan Year during which the Termination of Employment occurs. This benefit is determined by vesting the Executive in one hundred percent (100%) of the current Benefit Level.
