Common use of Accrued Benefit Clause in Contracts

Accrued Benefit. As used herein, the term "Accrued Benefit" shall mean the Normal Retirement Benefit (before applying the offsets in Section 2.01(1), (2), (3) and (4) to which the Executive would be entitled under Section 2.01 commencing at the Normal Retirement Date assuming continuation of service by the Executive to the Normal Retirement Date based on the Benefit Computation Base on the date the Accrued Benefit is determined (the "Determination Date"), multiplied by a fraction, not to exceed one (1), the numerator of which is the actual number of months of employment with the Corporation (including partial months for month of hire and month of termination) and the denominator of which is three hundred (300) months, and reduced by:

Accrued Benefit. As used herein, the term "“Accrued Benefit" ” shall mean the Normal Retirement Benefit (before applying the offsets in Section 2.01(12.01(a)(1), (2), (3) and (4) to which the Executive would be entitled under Section 2.01 commencing at the Normal Retirement Date assuming continuation of service by the Executive to the Normal Retirement Date based on the Benefit Computation Base on the date the Accrued Benefit is determined (the "“Determination Date"”), multiplied by a fraction, not to exceed one (1), the numerator of which is the actual number of months of employment with the Corporation (including partial months for month of hire and month of termination) and the denominator of which is three hundred (300) months, and reduced by:

Accrued Benefit. As used herein, the The term "“Accrued Benefit" ” shall mean the Normal Retirement Benefit (before applying the offsets in Section 2.01(1clauses (1), (2), (3) ), and (4) of Section 2.1(a) above) to which the Executive would be entitled under Section 2.01 2.1(a) commencing at the Normal Retirement Date assuming continuation of service by the Executive to Executive’s employment with the Corporation until the Normal Retirement Date based on the Benefit Computation Base on the date the Accrued Benefit is determined (the "Determination Date")determined, multiplied by a fraction, fraction not to exceed one (1), the numerator of which is the actual number of months of the Executive’s employment with the Corporation (including partial months for month of hire and month of termination) plus sixty-six (66) and the denominator of which is three hundred (300) months, and reduced by: