Applicable Factor definition
Examples of Applicable Factor in a sentence
The Applicable Factor is determined from the appropriate table below based on the Normal Retirement Age under the Plan, as specified above (determined without regard to any years of Participation requirement).
The Remarketing Agent shall make each determination of the Applicable Spread and the Applicable Factor (and any function or scale to be used to adjust the Applicable Spread or the Applicable Factor) required to be made by it pursuant to this subsection regardless of whether Bonds are Liquidity Facility Bonds and whether or not an Event of Default exists.
For the purposes of this Agreement, the "Applicable Factor" at any time will be the lesser of (x) 2.99 or (y) the number of years (to the nearest one-hundredth of a year) between the date of the Termination and the Executive's 65th birthday (but not less than one full year).
Age When Benefits Commence Applicable Factor 47 .304 48 .328 49 .354 50 .383 51 .415 52 .450 53 .489 54 .532 55 .579 56 .635 57 .694 58 .752 59 .808 60 .867 61 .933 62 and over 1.000 ii) for Employees retiring under the provisions of Section 4.02 (a) (iii) on or after January 1, 1979.
Total number of Tests [***] [***] [***] Applicable Factor for one Covered Test [***] [***] [***] Applicable Factor for two Covered Tests [***] [***] [***] If the total number of Tests exceeds four (4), the parties shall negotiate in good faith the appropriate applicable factor(s).