Actuarial Equivalent. The term “Actuarial Equivalent” means equivalence in value between two or more forms and/or times of payment based on a determination by an actuary chosen by the Committee, using sound actuarial assumptions at the time of such determination.
Appears in 3 contracts
Samples: Retirement Plan Agreement (Columbia Banking System Inc), Retirement Plan Agreement (Columbia Banking System Inc), Retirement Plan Agreement (Columbia Banking System Inc)
Actuarial Equivalent. The term “Actuarial Equivalent” means equivalence in value between two or more forms and/or times of payment based on a determination by an actuary chosen by the Committee, using sound actuarial assumptions at the time of such determination.
Appears in 2 contracts
Samples: Trico Bancshares /, North Bay Bancorp/Ca
Actuarial Equivalent. The term “Actuarial Equivalent” means equivalence in value between two or more forms and/or times of payment based on a determination by an actuary chosen by the Committee, using sound actuarial assumptions at the time of such determination.,
Appears in 1 contract
Samples: Heritage Commerce Corp
