Cash Balance Restoration Benefit definition

Cash Balance Restoration Benefit means the benefit payable to a Participant under Section 2.4 of this Plan in the form of a straight life annuity without a cost of living adjustment feature unless one is provided under Section 4 (or in such other form of payment as is prescribed under Section 4). A Participant’s Cash Balance Restoration Benefit shall be comprised of such Participant’s Pre-Section 409A Cash Balance Restoration Benefit (if any), and such Participant’s Post-Section 409A Cash Balance Restoration Benefit (if any).
Sample 1

Examples of Cash Balance Restoration Benefit in a sentence

  • In this event, the following provisions will apply if such Participant’s Pre-Section 409A Cash Balance Restoration Benefit under this Plan is paid in the form of a joint and survivor annuity.

  • If the spouse, or beneficiary dies before the Participant’s Cash Balance Restoration Benefit Retirement Date under the Basic Pension Plan, the joint and survivor annuity with respect to such Participant’s Pre-Section 409A Cash Balance Restoration Benefit is canceled and the benefit is paid in the form of a straight life annuity.

  • Americans who had travelled to the USSR also reported that they had gained new insights, but these received little attention in the USA.

  • Upon completion of the investigation and receipt of the investigative file, the SEEM advises the complainant a final decision will be issued on the claims appealable to the MSPB within 45 calendar days without a hearing.

  • The amount of the Participant’s lump sum distribution with respect to his Cash Balance Restoration Benefit under this Plan shall be computed as specified in Section 4.2 of this Plan using the actuarial factors specified in the Basic Pension Plan.

  • For instance, the minimum passing CGPA in NUML, Islamabad and PMAS-Arid Agriculture University, Rawalpindi is 2.5; whereas, in International Islamic University, Islamabad the minimum passing CGPA for MS/M.Phil students is 2.7.

  • Any such election shall be subject to Section 4.3(b) or (d) and, in any event, the time and form of payment of such Participant’s Post-Section 409A Supplemental Retirement Benefit under this Plan shall be the same as the time and form of payment of such Participant’s Post-Section 409A Cash Balance Restoration Benefit under this Plan.

  • The amount of the distribution with respect to his or her Pre-Section 409A Cash Balance Restoration Benefit under this Plan shall be computed as specified in Section 4.2 of this Plan using the actuarial factors specified in the Basic Pension Plan.

  • The list of participating carriers will be issued by reporting directive under the authority in 14 CFR 385.27(b).

  • In the event a Participant receives a lump sum distribution from the Basic Pension Plan, payment of such Participant’s Pre-Section 409A Cash Balance Restoration Benefit under this Plan will be made in the form of a straight life annuity.

Related to Cash Balance Restoration Benefit

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

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

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

  • 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.

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

  • 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.

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

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

  • Matching Contribution Account means the separate, individual account established on behalf of a Participant to which the Matching Contributions made on such Participant's behalf are credited, together with all earnings and appreciation thereon, and against which are charged any withdrawals, loans and other distributions made from such account and any losses, depreciation or expenses allocable to amounts credited to such account.

  • 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.

  • Supplemental Benefit means the monthly benefit payable to the Executive under this Agreement.

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

  • Pre-Retirement Survivor Benefit means the benefit set forth in Article 6.

  • Net death benefit means the amount of the life insurance policy or certificate to be settled less any outstanding debts or liens.

  • Early Retirement Benefit means the retirement benefit payable to a member following early

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

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

  • Retirement Benefits means benefits paid by reference to reaching, or the expectation of reaching, retirement or, where they are supplementary to those benefits and provided on an ancillary basis, in the form of payments on death, disability, or cessation of employment or in the form of support payments or services in case of sickness, indigence or death. In order to facilitate financial security in retirement, these benefits may take the form of payments for life, payments made for a temporary period, a lump sum, or any combination thereof;

  • Company Contribution Account means (i) the sum of the Participant’s Company Contribution Amounts, plus (ii) amounts credited or debited to the Participant’s Company Contribution Account in accordance with this Plan, less (iii) all distributions made to the Participant or his or her Beneficiary pursuant to this Plan that relate to the Participant’s Company Contribution Account.

  • Retirement allowance means the retirement payments to which a member is entitled.

  • Employer Contribution Account means, for any Participant, the account established by the Administrator or Trustee to which Employer Contributions made under Section 3.5 for the Participant's benefit are credited.

  • superannuation benefit means any payment, other than a refund of contributions, made to a dentist by virtue of the application of the (a) National Health Service Pension Scheme Regulations 1995; or (b) the National Health Service Superannuation Scheme (Scotland) Regulations 1995 or (c) the corresponding provisions of the law in force in Northern Ireland; as a result of his providing general dental services;

  • Disability allowance means monthly payments during

  • Monthly Benefit means the monthly amount payable by Liberty to you if you are Disabled or Partially Disabled.

  • Termination Benefits means the benefits described in Section 4.1(b).