Base Benefit Amount definition

Base Benefit Amount means, with respect to the Employee, a maximum annual benefit of $50,000.00.
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Base Benefit Amount means, with respect to the Employee, a maximum annual benefit of One Hundred Eighty Five Thousand Dollars ($185,000).
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Base Benefit Amount means, with respect to the Employee, a maximum annual benefit of Sixty Five Thousand Dollars ($65,000).
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Examples of Base Benefit Amount in a sentence

  • The annual benefit under this Section 2.1 is equal to (a) the Base Benefit Amount, multiplied by (b) the applicable Performance Ratio.

  • Subject to the provisions of subsection 3(e), upon the Employee's retirement on or after the attainment of age sixty-five, the Bank shall pay the Employee 240 monthly Installment Payments equal to the quotient of (1) the product of (a) the Base Benefit Amount, multiplied by (b) the Performance Ratio; (2) divided by 12.

  • If the Employee dies while employed by the Bank, but prior to the commencement of any Installment Payments, the Bank shall pay to the Employee's Designated Beneficiary (1) a lump sum Installment Payment equal to $250,000.00 plus (2) 120 monthly Installment Payments in the amount equal to the Base Benefit Amount divided by 12.

  • If the Employee dies while employed by the Bank, but prior to the commencement of any Installment Payments, the Bank shall pay to the Employee's Designated Beneficiary (1) a lump sum Installment Payment equal to $375,000.00 plus (2) 120 monthly Installment Payments in the amount equal to the Base Benefit Amount divided by 12.

  • If the Employee dies while employed by the Bank, but prior to the commencement of any Installment Payments, the Bank shall pay to the Employee's Designated Beneficiary (1) a lump sum Installment Payment equal to $850,000.00 plus (2) 120 monthly Installment Payments in the amount equal to the Base Benefit Amount divided by 12.


More Definitions of Base Benefit Amount

Base Benefit Amount means, with respect to the Employee, a maximum annual benefit of Twelve Thousand Dollars ($12,000).
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Related to Base Benefit Amount

  • Maximum Benefit Amount means the maximum amount payable for coverage provided to You as shown in the Schedule of Benefits.

  • Benefit Amount shall have the meaning set forth in Section 20.12 hereof.

  • 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.

  • Title Benefit Amount has the meaning set forth in Section 6.2(d).

  • Company Contribution Amount means, for any one Plan Year, the amount determined in accordance with Section 3.5.