Common use of Primary Normal Retirement Benefit Clause in Contracts

Primary Normal Retirement 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 Account balance as of the Plan Year ending immediately preceding the Executive's Termination of Employment multiplied by the Vesting Percentage. The Primary Normal Retirement Benefit 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 Normal Retirement Age.

Primary Normal Retirement 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 Account balance as of the Plan Year ending immediately preceding the Executive's Termination of Employment multiplied by the Vesting PercentageNormal Retirement Date. The Primary Normal Retirement Benefit 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 Normal Retirement AgeTermination of Employment.

Primary Normal Retirement 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 Account balance as of the Plan Year ending immediately preceding the Executive's Termination of Employment multiplied by the Vesting PercentageNormal Retirement Date. The Primary Normal Retirement Benefit shall be paid over fifteen (15) 24 years in one hundred eighty (180) 288 equal monthly installments (without adjustment for interest earnings during the payment period), commencing on the first day of with the month following the Executive's Normal Retirement AgeTermination of Employment.