Payment of Retirement Benefits. Except as otherwise provided herein, the benefit at retirement is paid as calculated by the Fiscal Services Office of the Diocese and as approved by the Xxxxxx as of the date of retirement and monthly thereafter on the first day of each month for the life of the priest (but cf. 7.4 infra).
Payment of Retirement Benefits. Compensation paid as follows:
Payment of Retirement Benefits. 4.1 No benefits are payable under this Agreement if the Participant is discharged for Cause (as defined in Section 2.2) or engages in Competition with the Company (as defined in Section 2.2) or if the Participant voluntarily terminates his employment with the Company prior to the Participant's Normal Retirement Date.
Payment of Retirement Benefits. In the event of the Normal or Late Retirement Date of a Participant, a Participant may elect to receive, in accordance with Section 5 of this Article, the full value of the
Payment of Retirement Benefits. 6.1 Normal Form of Benefit ---------------------- Except as otherwise provided in the applicable Supplement, a Participant's benefit shall be paid in the form of a 100% Joint and Survivor's Annuity, with the Participant's spouse as joint annuitant if the Participant is married on the Annuity Starting Date, and in the form of an Individual Life Annuity if the Participant is not married on the Annuity Starting Date, unless the Participant elects not to receive payments pursuant to this Section 6.1 and to receive payments in one of the optional forms permitted under Section 6.2. An election not to receive the normal form of benefit and to receive payment in an optional form shall satisfy the applicable requirements of Section 6.3.
Payment of Retirement Benefits. 20 6.1 Normal Form of Benefit 20 6.2 Optional Forms of Benefit 20 6.3 Election of Benefits 20 6.4 FMC Participants in Pay Status 22 ARTICLE VII 23 Survivor’s Benefits 23 7.1 Surviving Spouse’s Benefit 23 7.2 Certain Former Employees 23 ARTICLE VIII 24 Fiduciaries 24 8.1 Named Fiduciaries 24 8.2 Employment of Advisers 24 8.3 Multiple Fiduciary Capacities 24 8.4 Payment of Expenses 24 8.5 Indemnification 25 ARTICLE IX 26 Plan Administration 26
Payment of Retirement Benefits. 9 . . . . . . 108 Protection of Benefits 13 . . . . . . 116 Retirement Dates 5 . . . . . . 102 Retirement Income Formula 6 . . . . . . 104 Revenue Canada Maximum Pension 8 . . . . . . 107 Service 4 . . . . . . 98 Termination of Employment 11 . . . . . . 112 Undertakings 17 . . . . . . 122
Payment of Retirement Benefits. 9 109 Protection of Benefits .................................................... 13 117 Retirement Dates............................................................ 5 103 Retirement Income Formula .......................................... 6 000 Xxxxxxx Xxxxxx Maximum Pension ............................. 8 108 Service............................................................................ 4 99
Payment of Retirement Benefits. (a) Upon the happening of any of the events set forth below, Employee shall be entitled to receive Retirement Benefits payable in accordance with Employer's Retirement Benefit Plans in which Employee then participates. If such event occurs at any time prior to December 31, 2002, the Retirement Benefits shall be calculated as if the Employee was age 58 rather than actual age at the time of the event. If such event occurs at any time from January 1, 2003 through May 31, 2012, the Retirement Benefits shall be calculated as if the Employee was age 62 rather than actual age at the time of the event; provided, however, that the portion of Employee's Retirement Benefits under the Employer's Retirement Plan shall be calculated without making any age adjustment. Employee shall be entitled to the Retirement Benefits in the event any of the following occurs:
Payment of Retirement Benefits. Except as otherwise provided in this Agreement, the Normal Retirement Benefit calculated under Section 2, above, shall be payable to the Executive following the termination of the Executive's employment for any reason other than Cause only as follows:
