Supplemental Pension Benefit. The "supplemental pension benefit" shall be the greater of (i) the supplemental cash balance accrued benefit described in Paragraph 1(b)(1) of this Annex A, or (ii) the supplemental unit credit accrued benefit described in Paragraph 1(b)(2) of this Annex A.
Supplemental Pension Benefit. (1) The Company shall pay to Executive a monthly Supplemental Pension Benefit in an amount equal to the amount determined pursuant to clause a. below less the amount determined pursuant to clause b. below:
Supplemental Pension Benefit. The Supplemental Pension Benefit shall be equal to the difference between (i) and (ii):
Supplemental Pension Benefit. Notwithstanding Section 3 hereof, Executive shall be entitled to participate in the Company’s Supplemental Executive Retirement Plan, amended and restated as of February 14, 2006 (“SERP”), or such successor or amended plan(s) as shall be adopted from time to time. Executive shall not be required to participate in any successor to the SERP if such successor plan fails to contain terms and conditions applicable to Executive that are no less favorable than those applicable to other senior executive officers of the Company, and he may instead provide the Company with his written election to remain as a participant in the SERP. So long as Executive continues to participate in the SERP, in the event of Executive’s termination of employment on account of (1) Disability, (2) the Company’s termination of Executive’s employment without Cause, or (3) Executive’s resignation from employment either for Good Reason or with the consent of the Board, Executive’s additional benefits under Part B of the SERP (Article XXIII(b)) shall be calculated as if Executive had attained the lesser of (a) age 62 or (b) Executive’s actual age plus three (3) years at the time of such termination of employment, and Executive’s benefits as thus determined shall be fully vested. The preceding sentence shall not be required to apply to the determination of Executive’s benefits under any successor or replacement plan(s) for the SERP as the Company may adopt in the future.
Supplemental Pension Benefit. You will be entitled to a supplemental pension benefit calculated in the manner set forth in Exhibit A to the letter agreement, dated April 3, 1986, between you and Nordson (the "Employment Agreement"), except that the amount of any lump sum payment or other optional method of payment will be calculated using the 1992 life expectancy table set forth on Exhibit 1(a) hereto. A sample of the calculation of the amount of a lump sum payment, assuming that the Termination Date is March 5, 2000, and that the PBGC interest rate used therein is the same as that in effect on the Termination Date, is set forth in Exhibit 1(b) hereto. The lump sum termination benefit referred to in paragraph 3(a) and the severance bonus referred to in paragraph 3(b) will not be counted in determining the amount of your 36-Month Average Annual Compensation for purposes of the supplemental pension benefit under your Employment Agreement or for purposes of determining the amount of your benefits under any of Nordson's benefit plans.
Supplemental Pension Benefit. (a) In recognition of the Executive s past service to the Company, upon termination of the Executive s employment with the Company for any reason during the term of this Agreement, the Company shall pay to the Executive an annual supplemental pension benefit having a value equal to the excess of (i) over (ii), where:
Supplemental Pension Benefit. (a) This credit is available only to those Participants who are eligible to receive Pension Contributions under the Savings Plan. For each Plan Year in which such Participant is eligible to participate in the Plan, the Participant will receive a credit equal to five percent (5%) of base salary in excess of the amounts which can be recognized by the Savings Plan because of (i) the limitations in Internal Revenue Code section 401(a)(17) or (ii) base salary deferrals into this Plan; plus five percent (5%) of the bonus paid in that Plan Year. For the purpose of clause (i), base salary shall be determined without reduction for any amounts contributed under Code sections 402(g) or 125. This credit shall occur at the time the base salary or bonus, as the case may be, is paid.
Supplemental Pension Benefit. You and the Company are parties to a Supplemental Pension Benefit Agreement, dated October 19, 1994 (the “SPB Agreement”). Notwithstanding the provisions of Section 2 (A) thereof, as of the Effective Date, your Credited Years of Service for purposes of Section 2 (b) (i) thereof shall be 12. Notwithstanding any provisions of the SPB Agreement, monthly benefits shall commence on January 1, 2006 and the annual benefit payable thereunder shall not be less than $78,000 per annum.
Supplemental Pension Benefit. The Company will pay to the Executive pursuant to this Agreement a supplemental monthly pension benefit equal to the excess, if any, of "A" over "B", where: "A" equals the aggregate monthly benefit the Executive would have received under the Pension Plans upon retirement assuming that the Executive had continued service with the Company until the later of (A) the Executive's 55th birthday and (B) the end of the Continuation Period, based on the years of service that the Executive would have been credited with upon the later of such age, but calculated on the basis of an early retirement reduction of 3% per annum (rather than 6% per annum as currently provided under the Pension Plans). Such benefit will be calculated based upon the highest consecutive 60 months of compensation (as defined for the purposes of the Pension Plans) the Executive received from the Company during his employment; and
Supplemental Pension Benefit. The Company will pay to the Executive pursuant to this Agreement a supplemental monthly pension benefit equal to the excess, if any, of "A" over "B", where: "A" equals the aggregate monthly benefit the Executive would have received under the Pension Plans upon retirement assuming that the Executive had continued service with the Company until the end of the Continuation Period, based on the years of service that the Executive would have been credited with at such time under the Pension Plans. Such benefit will be calculated based upon the highest consecutive 60 months of compensation (as defined for the purposes of the Pension Plans) the Executive received from the Company during his employment; and
