Benefit Age Sample Clauses

Benefit Age. My Benefit Age is sixty-five (65).
Sample 1Sample 2Sample 3See All (7)
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Benefit Age. My Benefit Age is sixty-five (65). ----------- Final Average Compensation Percentage: Twenty-three Percent (23%). ------------------------------------- Yearly Benefit Service Prorate Denominator: Twenty-five (25). ------------------------------------------ Vesting Rate: 10-Year Xxxxx Xxxxxxx from original date of hire. ------------ Separation from Service on or After Benefit Age. I understand that if I retire on or after attainment of my Benefit Age, I shall be entitled to the Supplemental Benefit, calculated in accordance with Section 3.1 and all relevant provisions of the Plan. Unless I elect otherwise below, my Supplemental Benefit will be paid in a Lump Sum. Alternatively, I may elect to receive my Supplemental Benefit in another form by checking the applicable box below: [ ] Annuity (with 15 years certain) [ ] Installments for _____ Years [ ] Other ____________________________________________________________ Separation from Service Prior to Benefit Age. If I have a vested Accrued Annuity Benefit at the time of my voluntary or involuntary Separation from Service without Cause (as defined in the Plan) prior to attainment of my Benefit Age (other than due to death or Disability), I shall be entitled to the Supplemental Benefit, calculated in accordance with Section 3.2 and all relevant provisions of the Plan. Unless I elect otherwise below, my Supplemental Benefit will be paid in a Lump Sum. Alternatively, I may elect to receive my Supplemental Benefit in another form by checking the applicable box below: [ ] Annuity (with 15 years certain) [ ] Installments for _____ Years [ ] Other ____________________________________________________________
Sample 1See All (4)
Benefit Age. My Benefit Age is sixty-five (65). ¨ I elect to receive my Supplemental Retirement Benefit at my Benefit Age, without regard to whether I Separate from Service at such time, subject to all provisions of the Plan. If I do not elect to receive my Supplemental Retirement Benefit at my Benefit Age, it will commence following my Separation from Service following my Benefit Age.
Sample 1
Benefit Age. The Executive’s Benefit Age is sixty-five (65).
Sample 1
Benefit Age. My Benefit Age is 65. Supplemental Benefit. A fixed annual payment of $75,000.
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Benefit Age. I elect a Normal Benefit Age of .
Sample 1
Benefit Age. My Benefit Age is sixty-five (65). ----------- Final Average Compensation Percentage: Forty Percent (45%). ------------------------------------- Yearly Benefit Service Prorate Fraction Denominator: twenty-three (23). --------------------------------------------------- Vesting Rate: 10% per year from original date of hire. Notwithstanding ------------ the foregoing, my Vesting Rate shall be 100% upon the occurrence of my Involuntary Separation from Service without Cause or Voluntary Separation from Service for Good Reason, or because of death or Disability. Separation from Service on or After Benefit Age. I understand that if I ----------------------------------------------- retire on or after attainment of my Benefit Age, I shall be entitled to the Supplemental Benefit, calculated in accordance with Section 3.1 and all relevant provisions of the Plan. Unless I elect otherwise below, my Supplemental Benefit will be paid in a Lump Sum. Alternatively, I may elect to receive my Supplemental Benefit in another form by checking the applicable box below: |_| Annuity (with 20 years certain) |_| ____% Lump Sum with 20 Annual Installments |_| Other ________________________________________________________
Sample 1
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Benefit Age. My Benefit Age is sixty-five (65). ---------- Final Average Compensation Percentage: Fourteen Percent (14%). ------------------------------------- Yearly Benefit Service Prorate Denominator: Fifteen (15). ------------------------------------------ Vesting Rate: 10-Year Xxxxx Xxxxxxx from original date of hire. ------------ Separation from Service on or After Benefit Age. I understand that if I retire on or after attainment of my Benefit Age, I shall be entitled to the Supplemental Benefit, calculated in accordance with Section 3.1 and all relevant provisions of the Plan. Unless I elect otherwise below, my Supplemental Benefit will be paid in a Lump Sum. Alternatively, I may elect to receive my Supplemental Benefit in another form by checking the applicable box below: [ ] Annuity (with 15 years certain) [ ] Installments for _____ Years [ ] Other ____________________________________________________________
Sample 1
Benefit Age. My Benefit Age is sixty-five (65). ----------- Final Average Compensation Percentage: Thirty Percent (30%). -------------------------------------
Sample 1

Related to Benefit Age

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

  • 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 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.

  • Accrued Benefit 1.05 1.16 Nonforfeitable ............................................. 1.05 1.17 Plan Year/Limitation Year .................................. 1.05 1.18 Effective Date ............................................. 1.05 1.19 Plan Entry Date ............................................ 1.05 1.20

  • Early Retirement Age The age set by the Employer in the Adoption Agreement, not less than age fifty-five (55), at which a Participant becomes fully vested and is eligible to retire and receive his or her benefits under the 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.

  • 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 term “Normal Retirement Date” means “Normal Retirement Date” as defined in the primary qualified defined benefit pension plan applicable to the Executive, or any successor plan, as in effect on the date of the Change in Control of the Company.

  • 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.

  • Employment Benefit Plans Employee may participate in employee benefit plans in which other similarly situated employees may participate, according to the terms of applicable policies and as stated in the Employee Handbook. Employee acknowledges receipt of the Employee Handbook available on the intercompany website and will review and abide by its terms.

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