Incentive Compensation Retirement Benefit definition

Incentive Compensation Retirement Benefit means a monthly retirement benefit calculated by reference to the aggregate awards made to an Employee under (a) the Incentive Compensation Plan, (b) the Chrysler Corporation Long-Term Incentive Plan under the Incentive Compensation Plan (herein called the "Long-Term Incentive Plan") (c) the Chrysler Corporation Long-Term Performance Plan under the Chrysler Corporation 1991 Stock Compensation Plan
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Incentive Compensation Retirement Benefit means the retirement benefit determined under Section 4.1 (Incentive Compensation Retirement Benefit) of the Plan.
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Examples of Incentive Compensation Retirement Benefit in a sentence

  • The Plan will pay a Participant an annual retirement benefit equal to the sum of a Participant's Excess Retirement Benefit, Supplemental Incentive Compensation Retirement Benefit, and Supplemental Performance Return Retirement Benefit.

  • Notwithstanding the foregoing, the American Motors Supplemental Pension Plan death benefit shall be paid in the same form as the Incentive Compensation Retirement Benefit.

  • If an Employee has five or more years of Credited Service as of the Employee’s Separation Date and he (i) does not resign to work for a Competing Firm and he signs an acknowledgment of such fact no later than the Employee’s Separation Date or (ii) was not discharged for cause, then he shall have a 100% nonforfeitable interest in the Employee’s Incentive Compensation Retirement Benefit.

  • Notwithstanding anything in this Plan to the contrary, the Incentive Compensation Retirement Benefit of an Employee who is otherwise eligible to participate in this Plan and who has received a distribution of benefits otherwise provided for under this Plan or the Prior Plan (including in the form of an Annuity) shall not include any amount attributable to amounts previously distributed (including in the form of an Annuity).

  • If the retired Employee’s benefit commencement date under the Prior Plan was between November 12, 2003, and December 31, 2005, the lump sum value is the remaining value of the Incentive Compensation Retirement Benefit in the Plan’s standard form of payment as set forth in the Prior Plan using the male portion of the mortality tables used for expensing and the Plan’s discount rate as established in the December of the calendar year prior to the distribution date.

  • Subject to Section 4.13 (Delay for Specified Employees) and Section 4.10 (Deferred Vested Benefits), the Employee shall be entitled to receive a monthly retirement benefit under this Plan, equal to the Employee’s nonforfeitable Incentive Compensation Retirement Benefit determined under Section 4.1 (Incentive Compensation Retirement Benefit), commencing on the first day of the month next following the later of the Employee’s Separation Date or attainment of age 55.

  • The second row provides the coefficients from scenario three to include its intercept that is not represented but attached in Appendix C.

  • SREFis now considering a mezzanine loan of $10,000,000 to increase the leverage on the asset to 85%; this interest-only loan carries a 15% interest rate and a five yearterm-to-maturity.

  • An Employee who, at the time of his Separation Date, meets the requirements for the Special Early Retirement provisions of the ESERP shall be eligible to receive an unreduced Incentive Compensation Retirement Benefit under this Plan.

  • The American Motors Supplemental Pension Plan benefit (as provided for in Article XII) shall be paid in the same form as the Incentive Compensation Retirement Benefit, and subject to the requirement that annuity payments shall cease after a Prior Company Employee’s attainment of Age 62.

Related to Incentive Compensation Retirement Benefit

  • 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;

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

  • Bonus Compensation shall have the meaning set forth in Section 3(b).

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

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

  • Average Incentive Compensation means the average of the annual incentive compensation under Subparagraph 3(a) received by Executive for the three (3) immediately preceding fiscal years or such fewer number of complete fiscal years as Executive may have been employed by the Company. In no event shall “Average Incentive Compensation” include any sign-on bonus, retention bonus or any other special bonus. Notwithstanding the foregoing, if the Executive breaches any of the provisions contained in Paragraphs 4 and 5 of this Agreement, all payments of the Severance Amount shall immediately cease. Notwithstanding the foregoing, in the event Executive terminates his employment for Good Reason as provided in Subparagraph 6(e), he shall be entitled to the Severance Amount only if he provides the Notice of Termination provided for in Subparagraph 6(f) within thirty (30) days after the occurrence of the event or events which constitute such Good Reason as specified in clauses (A), (B), (C), (D), (E) and (F) of Subparagraph 6(e);

  • Earned Compensation means any Annual Base Salary earned, but unpaid, for services rendered to the Company on or prior to the date on which the Employment Period ends pursuant to Section 3(a) (but excluding any salary and interest accrued thereon payment of which has been deferred).

  • 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.

  • 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.

  • Clawback Eligible Incentive Compensation means all Incentive-based Compensation Received by an Executive Officer (i) on or after the effective date of the applicable Nasdaq rules, (ii) after beginning service as an Executive Officer, (iii) who served as an Executive Officer at any time during the applicable performance period relating to any Incentive-based Compensation (whether or not such Executive Officer is serving at the time the Erroneously Awarded Compensation is required to be repaid to the Company), (iv) while the Company has a class of securities listed on a national securities exchange or a national securities association, and (v) during the applicable Clawback Period (as defined below).

  • 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).

  • Incentive Compensation Plans means annual incentive compensation plans and long-term incentive compensation plans of the Company, which long-term incentive compensation plans may include plans offering stock options, restricted stock and other long-term incentive compensation.

  • Deferred Compensation Award means an award of Stock Units granted to a Participant pursuant to Section 12 of the Plan.

  • Incentive Pay means an annual amount equal to the aggregate annual bonus, in addition to Base Pay, made or to be made in regard to services rendered in any calendar year or performance period pursuant to any bonus plan of the Company.

  • Incentive Compensation Plan means any plan, agreement or other arrangement that provides for the grant or issuance of equity or equity-based awards and that is now in effect or is hereafter adopted by the Company or the Managing Member for the benefit of any of their respective employees or other service providers (including directors, advisers and consultants), or the employees or other services providers (including directors, advisers and consultants) of any of their respective Affiliates or Subsidiaries.

  • Severance Compensation means the compensation set forth in (i), (ii), and (iv) above.

  • Basic Compensation means Salary and Benefits.

  • Recoverable Incentive Compensation means Incentive Compensation received by a Covered Officer during the Lookback Period that exceeds the amount of Incentive Compensation that would have been received had such amount been determined based on the Accounting Restatement, computed without regard to any taxes paid (i.e., on a gross basis without regard to tax withholdings and other deductions). For any compensation plans or programs that take into account Incentive Compensation, the amount of Recoverable Incentive Compensation for purposes of this Policy shall include, without limitation, the amount contributed to any notional account based on Recoverable Incentive Compensation and any earnings to date on that notional amount. For any Incentive Compensation that is based on stock price or TSR, where the Recoverable Incentive Compensation is not subject to mathematical recalculation directly from the information in an Accounting Restatement, the Administrator will determine the amount of Recoverable Incentive Compensation based on a reasonable estimate of the effect of the Accounting Restatement on the stock price or TSR upon which the Incentive Compensation was received. The Company shall maintain documentation of the determination of that reasonable estimate and provide such documentation to the Exchange in accordance with the Listing Standards.

  • 414(s) Compensation means any definition of compensation that satisfies the nondiscrimination requirements of Code Section 414(s) and the Regulations thereunder. The period for determining 414(s) Compensation must be either the Plan Year or the calendar year ending with or within the Plan Year. An Employer may further limit the period taken into account to that part of the Plan Year or calendar year in which an Employee was a Participant in the component of the Plan being tested. The period used to determine 414(s) Compensation must be applied uniformly to all Participants for the Plan Year.

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

  • Deferred Compensation Plan means any plan, agreement or arrangement maintained by the Company from time to time that provides opportunities for deferral of compensation.

  • Eligible Compensation means, with respect to each Participant for each pay period, the full salary and wages paid to such Participant by the Company or a Participating Subsidiary, including commissions, bonuses (to the extent not excluded below), overtime pay and shift differentials. Except as otherwise determined by the Committee, “Eligible Compensation” does not include

  • Performance Compensation Award means any Award designated by the Committee as a Performance Compensation Award pursuant to Section 11 of the Plan.

  • Final compensation of a member means:

  • Deferred Compensation Account means the account maintained with respect to each Participant under the Plan. The Deferred Compensation Account shall be credited with Participant Deferral Credits and Employer Credits, credited or debited for deemed investment gains or losses, and adjusted for payments in accordance with the rules and elections in effect under Section 8. The Deferred Compensation Account of a Participant shall include any In-Service or Education Account of the Participant, if applicable.