Excess Benefit definition

Excess Benefit means the benefit determined in accordance with Section 4.01 of this Plan.

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Excess Benefit means the benefit determined in accordance with 590:10-21-5(a) and Section 4.01 of the Excess Benefit Plan document.

Excess Benefit means an excess benefit as defined in the Taxpayer Bill of Rights Act, 2, 26 U.S.C. 4958.

Examples of Excess Benefit in a sentence

The balance of the contributions not paid to the Excess Benefit Trust shall be remitted to the Retirement Fund.
In no event shall amounts previously contributed to the Retirement Fund be reallocated to the Excess Benefit Trust.
The Excess Benefit Plan and Trust will be administered by a Board of Trustees, consisting of the same Trustees who administer the Retirement Fund.
The amount remitted to the Excess Benefit Trust shall be the amount necessary to pay benefits and administrative expenses under the Non-Qualified Excess Benefit Plan for the following month, including any retroactive payments authorized by the Excess Benefit Plan, as calculated by the third-party administrator for the Retirement Fund and Excess Benefit Trust.
The Retirement Fund Trustees are granted the authority to establish and maintain the Excess Benefit Plan and Trust, provided that the language of the Excess Benefit Plan will allow for its termination if continuing benefits under that Plan will impair the funding status of the Retirement Fund, or if legislation is adopted modifying Internal Revenue Code Section 415 to such an extent that the Excess Benefit Plan is no longer required.

More Definitions of Excess Benefit

Excess Benefit means the benefit determined in accordance with 590:10-21-5(a) and Section

Excess Benefit means the benefit provided under Section 4.1 of the Plan.

Excess Benefit means the excess, if any, of the Retirement Benefit which would have been payable to or with respect to a Participant under the Retirement Plan had the limitations on benefits imposed by Section 415 of the Code not been applicable, over the Retirement Benefit actually payable to or with respect to the Participant under the Retirement Plan.

Excess Benefit means, with respect to a Participant as of any date, a benefit equal to the excess, if any, of (i) the benefit that would have been payable to, or with respect to, the Participant under the Pension Plan as of such date in the same form and with the same Annuity Starting Date, if the amount of such benefit were calculated without giving effect to the Qualified Plan Limits, over (ii) the benefit that would be payable to, or with respect to, the Participant under the Pension Plan as of such date in the same form and with the same Annuity Starting Date, after giving effect to the Qualified Plan Limits.

Excess Benefit means, except as is otherwise provided in an Agreement, the excess, if any, of (i) the retirement allowance which would have been payable to or with respect to a participant under the Retirement Plan had the limitations on benefits imposed by Section 4.08 of the Retirement Plan not been applicable over (ii) the retirement allowance payable to or with respect to the participant under the Retirement Plan.

Excess Benefit means the benefit determined under Section 4.2.

Excess Benefit means the portion of the Eligible Member’s Retirement Benefit equal to the difference between the amount of the Eligible Member’s Retirement Benefit and the amount that would have been payable to an Eligible Member in the Plan Year if not for the reduction due to the application of Code Section 415(b).