Benefit Accruals definition

Benefit Accruals means the aggregate accruals made by the Bank on its books, in order to fully reflect the costs of the Normal Retirement Benefit to be paid hereunder, based upon an assumed Retirement at age 65.
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Examples of Benefit Accruals in a sentence

  • Until the date that Past Service Benefits and assets related to each US Pension Plan are transferred to the applicable ▇▇▇▇▇ ▇▇ Arrangement and its related trust or other funding vehicle, the Novartis Pension Plan shall recognize the applicable Post-Separation Date Benefit Accruals.

  • In determining Benefit Accruals in Plan Years beginning after December 31, 2001, the annual Compensation taken into account for determination periods beginning before January 1, 2002, shall be limited to: (Select one) ☐ a.

  • Benefit Accruals - Bargaining unit members who use accrued benefit time during a leave, resulting in the bargaining unit member continuing to receive full, regular paychecks, will continue to receive their monthly accruals of vacation and sick time.

  • The Shareholder shall be responsible for the Employee Benefit Accruals.

  • Benefit Accruals under the MBCBP shall equal Compensation Credits plus Interest Credits.

  • In determining Benefit Accruals in Plan Years beginning after December 31, 2001, the annual Compensation taken into account for determination periods beginning before January 1, 2002, shall be limited to: (Select one) o a.

  • In determining Benefit Accruals in Plan Years beginning after December 31, 2001, the annual Compensation taken into account for determination periods beginning before January 1, 2002, shall be limited to: (Select one.) ☐ a.