Common use of Defined Benefit Plan Clause in Contracts

Defined Benefit Plan. A plan under which a Participant’s benefit is determined by a formula contained in the plan and no Employee accounts are maintained for Participants.

Appears in 12 contracts

Samples: Prototype Defined Contribution Plan (Fraternity Community Bancorp Inc), Prototype Defined Contribution Plan (United Community Bancorp), Prototype Defined Contribution Plan (Athens Bancshares Corp)

AutoNDA by SimpleDocs

Defined Benefit Plan. A plan Plan under which a Participant’s 's benefit is determined by a formula contained in the plan Plan and no Employee individual accounts are maintained for Participants.

Appears in 7 contracts

Samples: East West Bancorp Inc, Non Standardized Adoption Agreement (Princeton Review Inc), Adoption Agreement (Shared Technologies Cellular Inc)

Defined Benefit Plan. A plan under which a Participant’s 's benefit is determined by a formula contained in the plan and no Employee accounts are maintained for Participants.

Appears in 5 contracts

Samples: Nonstandardized Adoption Agreement (Banctrust Financial Group Inc), Prototype Defined Contribution Plan (Savannah Bancorp Inc), Prototype Defined Contribution Plan (1st Constitution Bancorp)

Defined Benefit Plan. A plan under which a Participant’s benefit is determined by a based solely on the Plan’s benefit formula contained in without the plan and no Employee accounts are maintained establishment of separate Accounts for Participants.

Appears in 3 contracts

Samples: Plan and Trust Agreement (Mercantile Bancorp, Inc.), Prudential Retirement Services (National Penn Bancshares Inc), www.placer.ca.gov

AutoNDA by SimpleDocs

Defined Benefit Plan. A plan under which a Participant’s 's benefit is determined by a based solely on the Plan's benefit formula contained in without the plan and no Employee accounts are maintained establishment of separate Accounts for Participants.

Appears in 1 contract

Samples: Capital Corp of the West

Time is Money Join Law Insider Premium to draft better contracts faster.