Early Termination Lump Sum definition

Early Termination Lump Sum means the amount set forth on Schedule A for the Plan Year ending immediately prior to the respective Early Termination Date, which benefit is determined by vesting the Executive in one hundred percent (100%) of the Accrual Balance set forth on Schedule A.
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Examples of Early Termination Lump Sum in a sentence

  • The benefit under this Section 2.2 is the Early Termination Lump Sum set forth on Schedule A for the Plan Year ending immediately prior to the Early Termination Date, determined by vesting the Executive in 10 percent of the Accrual Balance set forth on Schedule A for the first Plan Year and an additional 10 percent of said amount for each succeeding year thereafter until the Executive becomes 100 percent vested in the Accrual Balance.

  • The benefit under this Section 2.2 is the Early Termination Lump Sum set forth on Schedule A for the Plan Year ending immediately prior to Termination of Service, determined by vesting the Director in the Accrual Balance for the Plan Year ending immediately prior to Termination of Service.

  • The benefit under this Section 2.2 is the Early Termination Lump Sum set forth in Schedule A for the Plan Year ending immediately prior to the Early Termination Date, determined by vesting the Executive in the Accrual Balance.

  • The benefit under this Section 2.2 is the Early Termination Lump Sum benefit set forth on Schedule A for the Plan Year ending immediately prior to the Early Termination Date.

  • Upon Early Termination, the Bank shall pay to the Executive the Early Termination Lump Sum in lieu of any other benefit under this Agreement.

  • The benefit to be paid to the Executive under this Section 2.2 is the Early Termination Lump Sum set forth on Schedule A, or the amount accrued in the Deferred Compensation Account on the early termination date, whichever is greater.

  • The Bank shall pay the Early Termination Lump Sum to the Executive in a lump sum within sixty (60) days following Early Termination.

  • Notwithstanding the foregoing, in the event Executive is a Specified Employee at Early Termination, the Bank shall pay the Early Termination Lump Sum to the Executive in a lump sum on the date which is six (6) months after the date of Early Termination.

  • The benefit under this Section 2.2 is the Early Termination Lump Sum Benefit set forth in Schedule A for the Plan Year ending immediately prior to the Early Termination Date, determined by vesting the Director in one hundred percent (100%) of the Accrual Balance on Schedule A.

  • Executive may elect to receive the benefit under this Section 2.2.2 in sixty equal monthly installments, so long as such election is made in writing at the time that this agreement is executed and attached to this Agreement with the Early Termination Lump Sum set forth on Schedule A.

Related to Early Termination Lump Sum

  • Early Termination means the Termination of Employment before Normal Retirement Age for reasons other than death, Disability, Termination for Cause or following a Change of Control.

  • Early Termination Payment is defined in Section 4.3(b) of this Agreement.

  • Early Termination Date means the date determined in accordance with Section 6(a) or 6(b)(iv).

  • Automatic Early Termination provision of Section 6(a) will not apply to Party A and will not apply to Party B.

  • Early Termination Fee has the meaning set forth in Section 2.09(b).

  • Early Termination Amount means, in respect of any Note, its principal amount or such other amount as may be specified in, or determined in accordance with, these Conditions or the relevant Final Terms;

  • Early Termination Rate means the lesser of (i) 6.5% per annum, compounded annually, and (ii) LIBOR plus 100 basis points.

  • Early Termination Charge means, with respect to any 2019-B Lease that is terminated prior to its Maturity Date, an amount equal to the lesser of (a) the present value (discounted at the implicit rate of such 2019-B Lease) of all remaining Monthly Payments and (b) the excess, if any, of the adjusted 2019-B Lease balance over the related 2019-B Vehicle’s fair market wholesale value in accordance with accepted practices in the automobile industry (or by written agreement between the Servicer, on behalf of the Titling Trust, and the Lessee).

  • Early Termination Effective Date is defined in Section 4.2 of this Agreement.

  • Early Termination Notice is defined in Section 4.2 of this Agreement.

  • Early Termination Conditions means the types of conditions listed in Schedule A.

  • Early Termination Schedule is defined in Section 4.2 of this Agreement.

  • Early Termination Event has the meaning specified in Section 9.2.

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

  • Early Termination Notice Date Any date as of which the aggregate Stated Principal Balance of the Mortgage Loans (including REO Mortgage Loans) is less than 1.0% of the sum of the aggregate Cut-Off Date Balance of the Mortgage Pool initially included in the Trust Fund.

  • Change in Control Benefit means the benefit described in Section 2.4.

  • Company Termination Fee has the meaning set forth in Section 7.3(a).

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

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

  • Automatic Termination shall have the meaning set forth in Section 2.3.2.

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

  • Annual Benefit means an annual sum of fifty thousand dollars ($50,000) multiplied by the Applicable Percentage (defined below) and then reduced to the extent required: (i) under the other provisions of this Agreement; (ii) by reason of the lawful order of any regulatory agency or body having jurisdiction over the Employer; and (iii) in order for the Employer to properly comply with any and all applicable state and federal laws, including, but not limited to, income, employment and disability income tax laws (eg., FICA, FUTA, SDI).

  • Reverse Termination Fee has the meaning set forth in Section 7.02(b).

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

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

  • Termination Compensation means a monthly cash amount equal to one-twelfth ( 1/12th) of the highest amount of the annual cash compensation (including cash bonuses and other cash-based compensation, including for these purposes amounts earned or payable whether or not deferred) received by Executive during any one of the three (3) calendar years immediately preceding the calendar year in which Executive’s Termination Date occurs; provided, that if the cash compensation received by Executive during the Termination Year exceeds the highest amount of the annual cash compensation received by Executive during any one of the immediately preceding three (3) consecutive calendar years, the cash compensation received by Executive during the Termination Year shall be deemed to be Executive’s highest amount of annual cash compensation. In no event shall Executive’s Termination Compensation include equity-based compensation (e.g., income realized as a result of Executive’s exercise of non-qualified stock options or other stock based benefits).