ITT Retirement Plan definition

ITT Retirement Plan means the ITT Industries Salaried Retirement Plan as in effect on December 19, 1995 or any successor thereto.
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ITT Retirement Plan means the ITT Corporation Salaried Retirement Plan. "ITT Savings Plan" means the ITT 401(k) Retirement Savings Plan.
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Examples of ITT Retirement Plan in a sentence

  • The ITT Retirement Plan shall retain all assets of the ITT Retirement Plan and all liabilities for the benefits accrued thereunder by each ESI Individual as of the Offering Date (the "ITT Accrued Benefit").

  • The purpose is to minimize stigma and to advance the integration of persons with disabilities into the community.

  • In addition to the Purchaser's right to acquire the Shares subject to the Option, Parent beneficially owns 24,900 Shares, 20,000 of which are held by the ITT Retirement Plan for Salaried Employees and 4,900 of which are held by an index fund administered by ITT Hartford Group Inc.

  • As soon as practicable after the Closing Date, Starwood shall cause to be transferred from the ITT Retirement Plan to the WD Retirement Plan assets having a fair market value equal to the aggregate present value of the accrued benefit obligation attributable to the WD Individuals under the ITT Retirement Plan, calculated as of the Closing Date, using the assumptions set forth in PBGC Reg.

  • Upon such transfer of assets, the ITT Retirement Plan will assume the liabilities related to the assets transferred to it.

  • Rayonier shall establish, effective as of the Distribution Date, a defined benefit salaried employee retirement plan (the "Rayonier Retirement Plan") with terms similar in all material respects to the Retirement Plan for Salaried Employees of ITT Corporation (the "ITT Retirement Plan"), subject to such modifications as are considered appropriate to assure that the Rayonier Retirement Plan will obtain a favorable determination letter from the Internal Revenue Service (the "IRS").

  • The WD Retirement Plan shall (i) provide benefits identical in all material respects to those provided under the ITT Retirement Plan and (ii) recognize all service rendered by such WD Employees, including service prior to the Closing Date (as determined under the ITT Retirement Plan), for purposes of benefit eligibility, vesting and benefit accrual.

  • Notwithstanding the above, an ESI Employee's benefit accrued under the ITT Retirement Plan shall not be based on any service rendered with, or compensation received from, ESI after the Offering Date.

  • Effective as of the Applicable Distribution Date, ITT and ESI each will establish a new defined benefit plan intended to be tax-qualified under Section 401(a) of the Code for the benefit of ITT Employees and ESI Employees, respectively (the "ITT Retirement Plan" and the "ESI Retirement Plan").

Related to ITT Retirement Plan

  • Supplemental Retirement Plan means (i) the Company’s Amended and Restated Supplemental Executive Retirement Plan, (ii) the Company’s Supplemental Management Retirement Plan, (iii) the Company’s Amended and Restated Top Hat Restoration Plan, and (iv) the Company’s Defined Contribution Restoration Plan.

  • Retirement Plans means the retirement income, supplemental executive retirement, excess benefits and retiree medical, life and similar benefit plans providing retirement perquisites, benefits and service credit for benefits at least as great in value in the aggregate as are payable thereunder prior to a Change in Control.

  • Retirement Plan means a plan which provides retirement benefits to you and which is not funded wholly by your contributions. The term shall not include a profit-sharing plan, informal salary continuation plan, registered retirement savings plan, stock ownership plan, 401(K) or a non-qualified plan of deferred compensation.

  • Special Retirement means an Optionee’s termination of employment or service with the Employers and Affiliates on or after the later of (i) the Optionee’s attainment of age 62 and (ii) the Optionee’s Early Retirement Date or Normal Retirement Date, as such terms are defined in the Telephone and Data Systems, Inc. Pension Plan.

  • Qualifying Retirement means the Employee’s voluntary termination of employment after the Employee has (i) attained (X) age sixty-five (65), (Y) age fifty-five (55) with ten (10) Years of Service as a full-time employee of the Partnership or any of its Affiliates, or (Z) an age which, when added to such Years of Service of the Employee equals at least seventy-five (75), and (ii) previously delivered a written notice of retirement to the Partnership and on the date of retirement the Employee has satisfied the minimum applicable advance written notice requirement set forth below: Age at Voluntary Termination Number of Years of Advance Notice 58 or younger 59 60 or older 3 years 2 years 1 year By way of illustration, and without limiting the foregoing, if (i) the Employee is eligible to retire at age fifty-nine (59) after ten (10) Years of Service, (ii) the Employee gives two (2) years notice at age fifty-eight (58) that the Employee intends to retire at age sixty (60), and (iii) the Employee later terminates employment at age fifty-nine (59), then the Employee’s retirement at age fifty-nine (59) would not constitute a Qualifying Retirement. However, if (i) the Employee is eligible to retire at age fifty-nine (59) after ten (10) Years of Service, (ii) the Employee gives two (2) years notice at age fifty-eight (58) that the Employee intends to retire at age sixty (60), and (iii) the Employee terminates employment upon reaching age sixty (60), then the Employee’s retirement at age sixty (60) would constitute a Qualifying Retirement.

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

  • Eligible Retirement Plan means an individual retirement account described in Section 408(a) of the Code, an individual retirement annuity described in Section 408(b) of the Code, an annuity plan described in Section 403(a) of the Code, or a qualified trust described in Section 401(a) of the Code, that accepts the Distributee's Eligible Rollover Distribution. However, in the case of an Eligible Rollover Distribution to the surviving Spouse, an Eligible Retirement Plan is an individual retirement account or individual retirement annuity.

  • Public employees retirement system means the retirement plan and program

  • Normal Retirement means retirement from active employment with the Company or any Subsidiary on or after age 65.

  • SERP has the meaning assigned thereto in Section 5(c) hereof.

  • Disability retirement for plan 1 members, means the period

  • Designated Retirement Account means any retirement plan or account described or qualified under the Internal Revenue Code of 1986, as amended, or a subaccount thereof.

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

  • Supplemental Retirement Income Benefit means an annual amount (before taking into account federal and state income taxes), payable in monthly installments throughout the Payout Period. Such benefit is projected pursuant to the Agreement for the purpose of determining the Contributions to be made to the Retirement Income Trust Fund (or Phantom Contributions to be recorded in the Accrued Benefit Account). The annual Contributions and Phantom Contributions have been actuarially determined, using the assumptions set forth in Exhibit A, in order to fund for the projected Supplemental Retirement Income Benefit. The Supplemental Retirement Income Benefit for which Contributions (or Phantom Contributions) are being made (or recorded) is set forth in Exhibit A.

  • Individual retirement account means a trust, custodial arrangement, or annuity under Section 408(a) or (b), Internal Revenue Code of 1954 (26 U.S.C. Section 408 (1986)).

  • Normal Retirement Date means the later of the Normal Retirement Age or Termination of Employment.

  • Earliest Retirement Age means the earliest date on which, under the Plan, the Participant could elect to receive retirement benefits.

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

  • Savings Plan or "plans" means a plan that provides different investment strategies and allows account distributions for qualified higher education expenses.

  • Normal Retirement Age means the Executive's 65th birthday.

  • Health benefits plan means a benefits plan which pays or

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

  • Approved Retirement means any voluntary termination of employment that occurs on or after the date on which the sum of your age and years of employment with Deluxe and/or its Affiliates equals at least seventy-five (75) and that is approved by the Compensation Committee of the Board.

  • Thrift Plan means the Financial Institutions Thrift Plan, a qualified and tax-exempt defined contribution plan and trust under Sections 401(a) and 501(a) of the Code, as adopted by the Bank.

  • Salaried Employee means an employee who is not covered by the Fair Labor Standards Act who regularly receives each pay period a predetermined amount constituting all or part of compensation. This base salary cannot be reduced because of variations in the quality or quantity of work performed.

  • Qualified Retirement means the Participant’s voluntary termination of Service after reaching age 65 and completing 10 years of service with the Company, its Subsidiaries or predecessors.