Primary Benefit Clause Samples

Primary Benefit. The benefit under this Section 4.1.1 is the Deferral Account balance at end of the Plan Year immediately preceding the director's death. The Company shall pay the primary benefit in ten (10) equal annual installments (without adjustment for interest or earnings during such period) commencing on the first day of the month following the Director's death.
Primary Benefit. 10.1 The Parties acknowledge that this Warranty shall be for the primary benefit of Customer and lessees (and, any subsequent lessee of a Contract Aircraft upon prior written notice to Supplier of each such lessee). CAM Conversion Agreement Schedule 9 In response to the requisition for incorporation of the Supplier Variation ref: — (details attached). It is agreed that incorporation of the Supplier Variation will be carried out on the following basis: i) Impact on the STC Development Program a) This Supplier Variation, if incorporated, has no impact on the STC Development Program. or b) Incorporation of this Supplier Variation will extend the STC Development Program by … days and the revised STC delivery date will be
Primary Benefit. Commencing on the Executive's Normal Retirement Date, the Company shall pay a primary normal retirement benefit to the Executive which is equal to the Executive's Retirement Accounts balance as of the planned year ending immediately preceding the Executive's Normal Retirement Date. The primary Normal Retirement Benefits shall be paid over fifteen (15) years in one hundred eighty (180) equal monthly installments (without adjustment for interest earnings during the payment period), commencing on the first day of the month following the Executive's 65th birthday.