Cash Balance Pension Benefit definition

Cash Balance Pension Benefit means the benefit payable to the Participant under the Qualified Retirement Plan determined by the balance in the Participant’s cash balance account under the Qualified Retirement Plan.
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Examples of Cash Balance Pension Benefit in a sentence

  • Provisions of this Section 4 to the contrary notwithstanding, if a Participant’s accrued benefit under the Pension Plan respecting periods after the Effective Date is forfeited, such Participant’s Cash Balance Pension Benefit Restoration Account, 401(k) Plan Benefit Restoration Account and Supplemental Benefit Restoration Account shall each be reduced to 0 unless and until such accrued benefit under the Pension Plan is restored thereunder.

  • A Participant’s Cash Balance Pension Benefit Restoration Account, 401(k) Plan Benefit Restoration Account and Supplemental Benefit Restoration Account shall be paid in a single sum to the Participant, or in the event of the Participant’s death, to the Participant’s beneficiary, within 60 days immediately following the earlier of the Participant’s Separation or death, as applicable.

  • Such application shall specify the Annuity Starting Date on which such Cash Balance Pension Benefit shall first be payable.

  • Constraints of the form *[αF][−αF] militate against sequences of mismatched features in a way similar to the OCP’s ban on adjacent matchingfeatures.

  • The annual amount of such Cash Balance Pension Benefit shall be equal to the Cash Balance Participant's Accrued Benefit determined on his Normal Retirement Date.

  • The annual amount of such Cash Balance Pension Benefit shall be equal to the Cash Balance Participant's Accrued Benefit as determined on his Normal Retirement Date.

  • A Cash Balance Participant who retires on his Normal Retirement Date shall be entitled to a Cash Balance Pension Benefit.

  • Executive's vested Cash Balance Pension Benefit plus an amount equal to the present value of the additional vested pension benefits payable to Executive in accordance with the Company's Supplemental Executive Retirement Plan (the "SERP"), as approved by the Compensation Committee of the Board of Directors on December 11, 1997 and referenced in the November 24, 1998 letter from Glen Hiner, a copy of which is appended to this Agreement.

  • He establishes precise chronological and typological distinctions between the treatment of foreigners and citizens—for example, with respect to the granting of the title of euergete¯s.

  • A Cash Balance Participant who wishes to commence receiving his Cash Balance Pension Benefit prior to his Normal Retirement Date must file an application therefor with the Supervisory Committee not later than thirty (30) days prior to his Annuity Starting Date.

Related to Cash Balance Pension Benefit

  • Pension Benefit means a pension, annuity, gratuity or similar allowance which is payable—

  • 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).

  • Company Pension Plan means each: (a) Company Employee Plan that is an “employee pension benefit plan,” within the meaning of Section 3(2) of ERISA; or (b) other occupational pension plan, including any final salary or money purchase plan.

  • state pension credit means state pension credit under the State Pension Credit Act 2002;

  • Actuarial equivalent means a benefit of equal value when

  • Plan Benefit means the benefit payable to a Participant as calculated in Article V.

  • Accrued Benefit means the amount standing in a Participant's Account(s) as of any date derived from both Employer contributions and Employee contributions, if any.

  • Normal Retirement Benefit means the benefit described in Section 2.1.

  • Retirement Benefit means the benefit set forth in Article 5.

  • Pension Benefit Plan means at any time any employee pension benefit plan (including a Multiple Employer Plan, but not a Multiemployer Plan) which is covered by Title IV of ERISA or is subject to the minimum funding standards under Section 412 of the Code and either (i) is maintained by any member of the Controlled Group for employees of any member of the Controlled Group; or (ii) has at any time within the preceding five years been maintained by any entity which was at such time a member of the Controlled Group for employees of any entity which was at such time a member of the Controlled Group.

  • Maximum Benefit means the maximum benefit amount of each of the benefits covered under this Policy as stated in the Schedule of Benefits.

  • Canadian Pension Plan means any plan, program or arrangement that is a pension plan for the purposes of any applicable pension benefits legislation or any tax laws of Canada or a Province thereof, whether or not registered under any such laws, which is maintained or contributed to by, or to which there is or may be an obligation to contribute by, any Borrower or any Guarantor in respect of any Person’s employment in Canada with such Borrower or such Guarantor.

  • Net Benefit means the present value of the Covered Payments net of all federal, state, local, foreign income, employment and excise taxes.

  • war pension means a war disablement pension, a war widow’s pension or a war widower’s pension;

  • Employee Pension Benefit Plan has the meaning set forth in ERISA Section 3(2).

  • 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.

  • Termination Benefit means the benefit set forth in Article 7.

  • Lifetime Benefit Limit means the maximum amount of benefits paid by the Company to the Policy Holder cumulatively since the inception of these Terms and Benefits, irrespective whether any limits of any benefit items stated in the Benefit Schedule have been reached or whether the Annual Benefit Limit in a Policy Year has been reached.

  • Supplemental Retirement Benefit means the benefit determined under Article V of this Plan.

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

  • qualifying age for state pension credit means (in accordance with section 1(2)(b) and (6) of the State Pension Credit Act 2002)—

  • Net Benefits Test means a calculation to determine whether the benefits of a reduction in price resulting from the dispatch of Economic Load Response exceeds the cost to other loads resulting from the billing unit effects of the load reduction, as specified in Operating Agreement, Schedule 1, section 3.3A.4 and the parallel provisions of Tariff, Attachment K-Appendix, section 3.3A.4.

  • 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.

  • Canadian Pension Plans means each pension plan required to be registered under Canadian federal or provincial law that is maintained or contributed to by a Credit Party for its employees or former employees, but does not include the Canada Pension Plan or the Quebec Pension Plan as maintained by the Government of Canada or the Province of Quebec, respectively.

  • Cash Balance means, at any date of determination, the unencumbered and otherwise unrestricted cash and Cash Equivalents of the NCLC Group.

  • Disability Support Pension means the Commonwealth pension scheme to provide income security for persons with a disability as provided under the Social Security Act 1991, as amended from time to time, or any successor to that scheme.