Actuarial Payoff means the excess of the sum of the Monthly Payments remaining until the end of the related 20[__]-[__] Lease and the Contract Residual Value over the remaining unearned rent charges, calculated using the actuarial method.
Actuarial valuation means a mathematical determination of
Actuarial certification means a written statement by a member of the American Academy of
Actuarial Receivable means any Receivable under which the portion of a payment with respect thereto allocable to interest and the portion of a payment with respect thereto allocable to principal is determined in accordance with the Actuarial Method.
Actuarial equivalent means a benefit of equal value when
Actuarial method means the method of allocating a fixed level payment on a Receivable between principal and interest, pursuant to which the portion of such payment that is allocated to interest is the product of one-twelfth (1/12) of the APR on the Receivable multiplied by the scheduled principal balance of the Receivable.
Pension Benefit means a pension, annuity, gratuity or similar allowance which is payable—
Actuarial opinion means the opinion of an appointed actuary regarding the adequacy of the reserves and related actuarial items based on an asset adequacy analysis in accordance with subrule 5.34(6) and with applicable actuarial standards.
Supplemental Benefit means the monthly benefit payable to the Executive under this Agreement.
Retirement Benefit means the benefit set forth in Article 5.
Early Retirement Benefit means the retirement benefit payable to a member following early
Death Benefit means the insurance amount payable under the Certificate at death of the Insured, subject to all Certificate provisions dealing with changes in the amount of insurance and reductions or termination for age or retirement. It does not include any amount that is only payable in the event of Accidental Death.
Public benefit means making capital available, or facilitating the availability of capital, to businesses in this state that have 750 or fewer employees, the intent of which is to create or retain employment opportunities for residents of this state, stabilize or increase the tax base of this state, or support the redevelopment of facilities for use by small businesses.
Normal Retirement Benefit means the benefit described in Section 2.1.
Annual Benefit Limit means the maximum amount of benefits paid by the Company to the Policy Holder in a Policy Year irrespective of whether any limits of any benefit items stated in the Benefit Schedule have been reached. The Annual Benefit Limit is counted afresh in a new Policy Year.
Actuarially Equivalent or "of equal actuarial value" means a benefit of equal value
Supplemental Retirement Benefit means the benefit determined under Article V of this Plan.
Termination Benefit means the benefit set forth in Article 7.
Net death benefit means the amount of the life insurance policy or certificate to be settled less any outstanding debts or liens.
BENEFIT LIMIT means the total benefit allowed under this plan for a covered healthcare service. The benefit limit may apply to the amount we pay, the duration, or the number of visits for a covered healthcare service.
Annuity Benefit means a benefit payable by us as described in Part VII.
Plan Benefit means the benefit payable to a Participant as calculated in Article V.
Net Benefit means the present value of the Covered Payments net of all federal, state, local, foreign income, employment and excise taxes.
Canadian Defined Benefit Pension Plan means a Canadian Pension Plan that contains or has ever contained a “defined benefit provision” as such term is defined in Section 147.1(1) of the Income Tax Act (Canada).
Annual Benefit means an annual sum of fifty thousand dollars ($50,000) multiplied by the Applicable Percentage (defined below) and then reduced to the extent required: (i) under the other provisions of this Agreement; (ii) by reason of the lawful order of any regulatory agency or body having jurisdiction over the Employer; and (iii) in order for the Employer to properly comply with any and all applicable state and federal laws, including, but not limited to, income, employment and disability income tax laws (eg., FICA, FUTA, SDI).
Monthly Benefit means the monthly amount payable by Liberty to you if you are Disabled or Partially Disabled.
Projected Annual Benefit means the annual retirement benefit (adjusted to an actuarial equivalent straight life annuity if such benefit is expressed in a form other than a straight life annuity or Qualified Joint and Survivor Annuity) to which the Participant would be entitled under the terms of the Plan assuming: