Actuarial Equivalent Value definition

Actuarial Equivalent Value means a benefit of equivalent value computed on the basis of the 1983 Group Annuity Mortality Table and interest equal to the yield on 30-year Treasury Bonds as of the last business day of the Plan Year prior to the year in which the relevant calculation occurs.

Actuarial Equivalent Value means a benefit of equivalent value computed on the basis of the mortality table and interest rate used to calculate accrued benefits under the Basic Plan.

Actuarial Equivalent Value means a benefit of equivalent value computed on the basis of the appropriate mortality table and interest rate, as follows:

Examples of Actuarial Equivalent Value in a sentence

• Moreover, for purposes of determining the Actuarial Equivalent Value of such benefits payable in the form of a lump sum, the interest and mortality factors specified in Section 3.4(a) shall apply.

• The portion of the single payment attributable to Section 409A Benefits shall be equal to the Actuarial Equivalent Value of the Section 409A Benefit otherwise payable to the Eligible Employee in the form of a 10-Year Certain and Life Annuity.

• All payments by Company of -------------------------- principal, interest, fees and other Obligations hereunder and under the Notes shall be made in Dollars in same day funds, without defense, setoff or counterclaim, free of any restriction or condition, and delivered to Administrative Agent not later than 12:00 Noon (New York time) on the date due at the Funding and Payment Office for the account of Lenders.

• If the Actuarial Equivalent Value of a Member’s Accrued Benefit as described under Section 4.1 or 4.9 as of his or her Benefit Commencement Date does not exceed $1,000, such amount shall be automatically paid in the form of a lump sum payment as soon as reasonably practicable following the Member’s termination of employment.

• In the event that the single lump sum Actuarial Equivalent Value of any benefit subject to Section 3.05 or Section 3.06(b), determined as of the Determination Date (or the date specified in Section 3.08(b), if applicable) is less than $100,000, such benefit shall be distributed in a single lump sum payment.

More Definitions of Actuarial Equivalent Value

Actuarial Equivalent Value means a value, actuarially equivalent to the comparator, as determined by the Company after consultation with the Actuary. The sex of the Participant, Designated Beneficiary and/or Spouse, as applicable, shall not be taken into account in determining the Actuarial Equivalent Value. Unless otherwise determined by the Company, the non-registered status of the Supplemental Plan and of the benefits payable hereunder shall also not be taken into account in determining the Actuarial Equivalent Value.

Actuarial Equivalent Value means a benefit of equivalent value computed on the basis of the 1983 Group Annuity Mortality Table and interest equal to the yield on 30-year Treasury Bonds as of the last business day of the Plan Year prior to the year in which the relevant calculation occurs; provided, however, that for purposes of determining the Actuarial Equivalent Value of the amount described in Section 1.23(a) for Members or Vested Former Members who participated in the Predecessor to this Plan, the foregoing assumptions or the assumptions used in the Predecessor to this Plan shall be used, whichever produces the greater benefit for the Member or the Vested Former Member."

Actuarial Equivalent Value means the value of an applicable Retirement Allowance or benefit amount, where values are calculated under generally accepted actuarial methods and using the applicable tables, interest rates and other factors established by the Board upon recommendation of the Investment Committee.

Actuarial Equivalent Value means a benefit of equivalent value computed on the basis of the mortality table and interest rate used to calculate accrued benefits under the Basic Plan unless otherwise specifically provided in this Plan.

Actuarial Equivalent Value means the “Lump Sum Value” as defined in Plan A.

Actuarial Equivalent Value means the value on the date on which an event occurs, of:

Actuarial Equivalent Value means equivalent value when computed on the basis of the rate of interest and using the actuarial tables recommended by the Actuary for such purposes of the Plan, in compliance with such minimum standards as may be established from time to time by the Canadian Institute of Actuaries and as published in the recommendations of that body, and the rules and regulations of Revenue Canada, Taxation as amended from time to time.