Excess Death Benefit definition

Excess Death Benefit means, with respect to a deceased Participant, a dollar amount determined as of the date of his or her death that is equal to (but not below zero) 75 percent of:

Examples of Excess Death Benefit in a sentence

  • The SP shall research, apply, distribute, and document desktop patches and service packs.

  • The Excess Retirement Benefit and Excess Death Benefit payable to a Participant, Surviving Spouse or Beneficiary under this Plan shall not duplicate benefits payable to such Participant, Surviving Spouse or Beneficiary under any other plan or arrangement of a Participating Company or any Affiliated Corporation.

  • Any person entitled to an Excess Death Benefit pursuant to Section 4.9.

  • If any Participant who otherwise would be entitled to an Excess Retirement Benefit under this Plan is discharged for cause due to conviction of a felony related to his or her employment, the rights of such Participant to an Excess Retirement Benefit under this Plan, including the rights of the Participant's spouse to an Excess Retirement Benefit as a Surviving Spouse and/or the rights of a Beneficiary to an Excess Death Benefit, shall be forfeited.

  • May 1, 2017 ($8.25) – 1Q17 earnings released Stockholders’ Equity of $36,964,427, shares outstanding of 3,219,551, hence book value of $11.48 per share.

  • The Excess Death Benefit provided under this Plan, if any, (i) shall commence at the same time, (ii) shall be paid for as long as, and (iii) shall be paid in the same benefit form as the Committee or its delegate has determined with respect to the Death Benefit payable under the AT&T Management Pension Plan.

  • If an event described in Section 4.2(a)(iii) occurs within 90 days prior to a Change in Control, an amount equal to the Excess Death Benefit, if any.

  • If the actual Active Employee Death Benefit or Retiree Death Benefit ("Death Benefit") payable to any person as a result of the death of a Participant under the terms of the SNETMPP is reduced or limited by reason of the Compensation Limitation, an Excess Death Benefit shall be distributed as provided in this Section 5 to the beneficiary otherwise entitled to receive the Death Benefit under the terms and conditions of the SNETMPP.

  • Any person entitled to an Excess Death Benefit, if any, pursuant to Section 4.10.

  • The Plan constitutes a mere promise by AT&T and the Participating Companies to make Excess Retirement Benefit payments and Excess Death Benefit payments, if any, in the future.

Related to Excess Death Benefit

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

  • 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.

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

  • 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.

  • Disability Retirement Date means the first day of the month following the last day of paid employment;

  • lump sum payment period means the period measured in weeks of salary, for which payment has been made to facilitate the transition to retirement or to other employment as a result of the implementation of various programs to reduce the size of the Public Service. The lump sum payment period does not include the period of severance pay, which is measured in a like manner.

  • war disablement pension means any retired pay or pension or allowance payable in respect of disablement under an instrument specified in section 639(2) of the Income Tax (Earnings and Pensions) Act 2003;

  • Benefit Distribution Date means the date upon which all or an objectively determinable portion of a Participant’s vested benefits will become eligible for distribution. Except as otherwise provided in the Plan, a Participant’s Benefit Distribution Date shall be determined based on the earliest to occur of an event or scheduled date set forth in Articles 4 through 9, as applicable.

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

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

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

  • Refund beneficiary means an individual nominated by a qualified participant or a former qualified participant under section 66 to receive a distribution of the participant's accumulated balance in the manner prescribed in section 67.

  • Disability Benefit means the benefit set forth in Article 8.

  • Surviving Spouse means the widow or widower, as the case may be, of a Deceased Participant or a Deceased Beneficiary (as applicable).

  • Disability retirement for plan 1 members, means the period

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

  • 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.

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

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

  • Net Death Proceeds means the total death proceeds of the Policy minus the cash surrender value.

  • Vested Benefits means amounts that are vested or that Executive is otherwise entitled to receive, without the performance by Executive of further services or the resolution of a contingency, under the terms of or in accordance with any investment and savings plan or retirement plan (including any plan providing retiree medical benefits) of the Company or its affiliates, and any ERPs or ESPs related thereto, and any deferred compensation or employee stock purchase plan or similar plan or program of the Company or its affiliates.

  • Last Monthly Benefit means the gross Monthly Benefit payable to the Insured Employee immediately prior to death. Any reductions for Other Income Benefits, or for earnings the Insured Employee received for Partial Disability Employment, will not apply.

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

  • Actuarial equivalent means a benefit of equal value when

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

  • Disability benefit recipient means a member who is receiving a disability benefit.