AMOUNT OF NORMAL RETIREMENT PENSION Sample Clauses

AMOUNT OF NORMAL RETIREMENT PENSION. When you retire at your normal date (age 65) you will receive a monthly basic pension from the Labatt Retirement Plan in an amount equal to the sum of your basic pension credits determined as explained in Section 5. In addition you will receive any pension which is payable to you under a previous plan (see Section 16) and any statutory pension (such as CPP and OAS) which is payable to you under government plans. You may also qualify for a supplement from the Labatt Retirement Plan under the minimum pension provision explained in Section 7.
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AMOUNT OF NORMAL RETIREMENT PENSION. When you retire at your normal retirement date (age 65) you will receive a monthly pension from the Plan in an amount equal to the sum of your basic pension credits determined as explained in Section 5. In addition, you will receive any pension that is payable to you under a previous plan (see Section 15) and any statutory pension (such as C.P.P. and O.A.S.) which is payable to you under government plans.
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AMOUNT OF NORMAL RETIREMENT PENSION i) For employees who retire on or after January 1st, 2006, the pension will be calculated on a normal retirement basis at forty-one dollars ($41.00) per month for each year of credited service as per the actual Pension Plan.
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AMOUNT OF NORMAL RETIREMENT PENSION. Subject to the Annual ----------------------------------- Benefit limitations of Article III, and in the case of ITT/Vitelco Employees, as modified by Section 5.03, a Participant's normal retirement pension shall equal:
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Related to AMOUNT OF NORMAL RETIREMENT PENSION

  • 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.

  • Normal Retirement Unless Separation from Service or a Change in Control occurs before Normal Retirement Age, when the Executive attains Normal Retirement Age the Bank shall pay to the Executive the benefit described in this section 2.1 instead of any other benefit under this Agreement. If the Executive’s Separation from Service thereafter is a Termination with Cause or if this Agreement terminates under Article 5, no further benefits shall be paid.

  • Normal Retirement Date The date on which the Executive attains age sixty-five (65).

  • Normal Retirement Benefits A Participant shall be entitled to receive the balance held in his or her account upon attaining his or her Normal Retirement Age or at such earlier dates as the provisions of this Article VI may permit. If a Participant elects to continue working past his or her Normal Retirement Age, he or she will continue as an active Participant. Unless the Employer elects otherwise in the Adoption Agreement, distribution shall be made to such Participant at his or her request prior to his or her actual retirement. Distribution shall be made in the normal form, or if elected, in one of the optional forms of payment provided below.

  • Normal Retirement Age Normal Retirement Age shall mean the date on which the Executive attains age sixty-five (65).

  • 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").

  • Early Retirement Benefit If the Executive terminates employment after the Early Retirement Date but before the Normal Retirement Date, and for reasons other than death or Disability, the Bank shall pay to the Executive the benefit described in this Section 2.2.

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

  • 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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