Future Benefits definition

Future Benefits means the future benefits set forth in paragraph 2.5 below.

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Future Benefits. Commencing within the later of (i) 6 months after execution of the Settlement Agreement or (ii) 30 days after the date a Judgment approving the Settlement becomes Final and Non-Appealable, Defendant will imple- ment procedures and policies reasonably calculated to accomplish the payment of statutory interest to owners in Oklahoma without awaiting a demand for such statutory interest, and will maintain such procedures (or other policies and procedures reasonably calculated to accomplish the same result) unless or until there is a change in Oklahoma law. It is understood and agreed that nothing in this paragraph is intended to release or compro- mise any claims the Settlement Class members might have against the Released Parties as to claims accruing outside the Claim Period, to the extent that the Settlement Class members contend that the above Future Benefits fail to fulfill the obligations the Released Parties may have to the Settle- ment Class members. It is further understood and agreed that nothing in this paragraph is intended to prohibit the Released Parties from, at their sole individual options, deciding to change their practices regarding the Future Benefits in a way that is more favorable to Class Members, with there being no need to obtain the approval of any person, entity, or tribunal in order to make such a change.

Future Benefits means AWA withdrawals and Lifetime GMIB Payments. You may contact your financial professional or the Processing Office to determine if, as of that date, a contemplated withdrawal amount would cause an Excess Withdrawal.

Examples of Future Benefits in a sentence

The Payment in Lieu of Lost Future Benefits to which the Executive shall be entitled under this Agreement shall be (i) the supplemental pension benefit described in Paragraph 1(b) of this Annex A, and (ii) the supplemental matching contribution account described in Paragraph 1(c) of this Annex A.
Upon the Executive's death during the Employment Period, this Agreement shall terminate without further obligations to the Executive's legal representatives under this Agreement, other than for payment of Accrued Obligations, the Payment in Lieu of Lost Future Benefits described in Annex A, and the timely payment or provision of the benefits described in Sections 8(a)(4) and 8(a)(6) (the "Other Benefits").
The vesting of such Payment in Lieu of Lost Future Benefits shall be determined in accordance with Section 8 of this Agreement.
If the Executive's employment is terminated by reason of the Executive's Disability during the Employment Period, this Agreement shall terminate without further obligations to the Executive, other than for payment of Accrued Obligations, the Payment in Lieu of Lost Future Benefits described in Annex A, and the timely payment or provision of Other Benefits (as defined in Section 8(d)).
The Payment in Lieu of Lost Future Benefits shall be paid to the Executive's Beneficiary (within the meaning of the SERP) under the terms set forth in, and pursuant to the elections made under, the SERP.
The Payment in Lieu of Lost Future Benefits shall be paid to the Executive or his Beneficiary (within the meaning of the SERP), as the case may be, under the terms set forth in, and pursuant to the elections made under, the SERP.
The Payment in Lieu of Lost Future Benefits, if any, shall be paid to the Executive or his Beneficiary (within the meaning of the SERP), as the case may be, under the terms set forth in, and pursuant to the elections made under, the SERP.
If the Executive terminates employment during the Employment Period, excluding a termination for Good Reason, this Agreement shall terminate without further obligations to the Executive, other than for Accrued Obligations, the Payment in Lieu of Lost Future Benefits, if any, described in Annex A to the extent the Executive is vested in his benefits under the Pension Plan, and the timely payment or provision of benefits pursuant to the last sentence of Section 8(a)(4) and Section 8(a)(6).
In addition, during the Employment Period the Executive shall be entitled under this Agreement to the Payment in Lieu of Lost Future Benefits described in Annex A attached hereto and made a part hereof by this reference (“Payment in Lieu of Lost Future Benefits”).
In addition, during the Employment Period the Executive shall be entitled under this Agreement to the Payment in Lieu of Lost Future Benefits described in Annex A attached hereto and made a part hereof by this reference ("Payment in Lieu of Lost Future Benefits").

More Definitions of Future Benefits

Future Benefits means the future benefits provided by QEP in consideration for the Settlement, which are set forth in Section 2 below.

Future Benefits means the present value of the cost of benefits that will become due under the insurance plan in the future in respect of current or past claims, as determined by the Board’s actuary. (“prestations futures”) 2010, c. 26, Sched. 21, s. 1 (2).

Future Benefits means the future benefits set forth in Section 2.4 below.