Monthly Normal Retirement Benefit definition

Monthly Normal Retirement Benefit means, for any Participant, the amount of Benefits payable to such Participant pursuant to Section 3.0(a).
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Examples of Monthly Normal Retirement Benefit in a sentence

  • Monthly Normal Retirement Benefit payments are payable and shall begin as of the Participant’s Normal Retirement Date and shall be paid monthly thereafter.

  • The term 'Littelfuse Superseded Retirement Plan Monthly Normal Retirement Benefit' as used in this Section (B) shall mean the monthly amount of retirement income, payable as a straight life annuity, commencing on the Employee's Normal Retirement Date, which is equal to the monthly normal retirement benefit, if any, being provided on behalf of the Participant under the terms of the Littelfuse superseded retirement plan as of December 31, 1975.

  • Monthly Normal Retirement Benefit payments shall begin as of the Retired Participant's Normal Retirement Date.

  • Monthly Normal Retirement Benefit payments are payable and shall begin as of the Participant’s Normal Retirement Date, and shall be paid monthly thereafter.

  • In addition, when determined as of the subject date, the Transition Group Participant’s Assumed Monthly Normal Retirement Benefit Formula Amount (as is otherwise generally calculated under the provisions of Subsection 5.1.2 above) shall not be less than the Transition Group Participant’s Prior Pension Plan Amount determined as of the later of his 65th birthday or the subject date under the provisions of Subsection 9.2.4(a) below.

  • Monthly Normal Retirement Benefit payments shall begin as of the Member's Normal Retirement Date.

  • The term `Littelfuse Superseded Retirement Plan Monthly Normal Retirement Benefit' as used in this Section (B) shall mean the monthly amount of retirement income, payable as a straight life annuity, commencing on the Employee's Normal Retirement Date, which is equal to the monthly normal retirement benefit, if any, being provided on behalf of the Participant under the terms of the Littelfuse superseded retirement plan as of December 31, 1975.

  • Such Participant's Monthly Normal Retirement Benefit is equal to forty-five percent (45%) of such Participant's Covered Salary in effect on such Participant's Normal Retirement Date.

Related to Monthly Normal Retirement Benefit

  • Normal Retirement Benefit means an annual benefit payment in the amount of Sixty-Six Thousand Three Hundred and Seventy-Three Dollars ($66,373.00) for a period of fifteen (15) years.

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

  • 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.

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

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

  • 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;

  • 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.

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

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

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

  • Net Benefit means the present value of the Covered Payments net of all federal, state, local, foreign income, employment and excise taxes.

  • 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.

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

  • Retirement Age means the earlier to occur of:

  • Annual Benefit means an annual sum of fifty thousand dollars ($50,000) multiplied by the Applicable Percentage (defined below) and then reduced to the extent required: (i) under the other provisions of this Agreement; (ii) by reason of the lawful order of any regulatory agency or body having jurisdiction over the Employer; and (iii) in order for the Employer to properly comply with any and all applicable state and federal laws, including, but not limited to, income, employment and disability income tax laws (eg., FICA, FUTA, SDI).

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

  • Supplemental Benefit means the monthly benefit payable to the Executive under this Agreement.

  • relevant benefit means any benefit specified in paragraph 21(2); and

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

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

  • Retirement Date means the date as of which a Participant retires for reasons other than Total and Permanent Disability, whether such retirement occurs on a Participant's Normal Retirement Date or Late Retirement Date (see Section 6.1).

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

  • Early Retirement Age means the date that the Executive has attained age 55 and completed seven Years of Service.

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