Moody’s Rate definition

Moody’s Rate means the average of the daily Moody’s Corporate Bond Yield Average – Monthly Average Corporates as published by Xxxxx’x Investors Service, Inc. (or any successor) for the month next preceding the Date of Termination. Any remaining payments due under the Agreement shall be paid as otherwise provided herein.

Moody’s Rate means Moody’s Seasoned Corporate Bond Rate which is an economic indicator consisting of an arithmetic average of yields of representative bonds (industrial and AAA, AA and A rated public utilities) as of January 1 prior to each Plan Year as published by Moody’s Investors Service, Inc. (or any successor thereto), or, if such index is no longer published, a substantially similar index selected by the Board of Directors.

Moody’s Rate means, for each calendar quarter, the interest rate that is the sum of (i) the average of the Moody’s long-term corporate bond yields for A, Aa, and Aaa bonds first published for such quarter plus (ii) .50.

Examples of Moody’s Rate in a sentence

• Upon the expiration of the applicable six (6) month period, all payments deferred pursuant to this Section 9 (excluding in-kind benefits) shall be paid in a lump sum payment to the Executive, plus interest thereon from the date of the Executive’s Involuntary Termination through the payment date at an annual rate equal to Moody’s Rate.

• Upon the expiration of the applicable six-month period under Section 409A(a)(2)(B)(i) of the Code, all payments deferred pursuant to this Section 10 (excluding in-kind benefits) shall be paid in a lump sum payment to the Executive, plus interest thereon from the date of the Executive’s Involuntary Termination through the payment date at an annual rate equal to Moody’s Rate.

• Effective January 1, 2009, the rate of interest for each Plan Year shall be the Moody’s Rate.

• Upon the expiration of the applicable six-month period under Section 409A(a)(2)(B)(i) of the Code, all payments deferred pursuant to this Section 9 (excluding in-kind benefits) shall be paid in a lump sum payment to the Executive, plus interest thereon from the date of the Executive’s Involuntary Termination through the payment date at an annual rate equal to Moody’s Rate.

• Interest on the unpaid balance will be credited for the remaining periods at 125% of the Moody’s Rate established for each of the subsequent Plan Years.

More Definitions of Moody’s Rate

Moody’s Rate means Moody's Seasoned Corporate Bond Rate which is an economic indicator consisting of an arithmetic average of yields of representative bonds (industrial and AAA, AA and A rated public utilities) as of January 1 prior to each Plan Year as published by Xxxxx'x Investors Service, Inc. (or any successor thereto), or, if such index is no longer published, a substantially similar index selected by the Board of Directors.

Moody’s Rate means the "Corporate Average" yield of long-term, high- grade corporate bonds as reported by Xxxxx'x Investors Service, or such other substantially similar yield designated by the Plan Administrator as the applicable interest rate.

Moody’s Rate means, for each calendar quarter, the interest rate that is the sum of (i) the average of the Moody’s long-term corporate bond yields for A, Aa, and Aaa bonds first published for such quarter plus (ii) .50. For purposes of determining the amount of interest to be credited to an Account under Section 4 of Article II of the Plan, the Moody’s Rate shall be determined on a quarterly basis.

Moody’s Rate means the interest rate that is the sum of (i) the average of the Moody’s A, Aa, and Aaa Bond rates determined as of the quarter next preceding the quarter during which installment payments commence under Article II of the Plan plus (ii) .50.

Moody’s Rate means the composite average yield on corporate bonds as published by Moody’s Investor Service for the month of the October falling in the immediately prior Plan Year.

Moody’s Rate means Moody's Seasoned Corporate Bond Rate which is an economic indicator consisting of an arithmetic average of yields of representative bonds (industrial and AAA, AA and A rated public utilities) as of January 1 prior to each Plan Year as published by Moody's Investors Service, Inc. (or any successor thereto), or, if such index is no longer published, a substantially similar index selected by the Board of Directors.

Moody’s Rate means the "corporate bond yield average" with respect to "average corporations" for the month of December which precedes the first day of Plan Year prior to the Plan Year in which the lump sum distribution is to be made (i.e., the rate for December 2000 applies to the Plan Year beginning February 1, 2002), as determined from the Moody's Bond Record published by Moody's Investor Services, Inc. Participant mortaxxxx: unisex rates based upon 90% of the Male 1971 Group Mortality Table and 10% of the Female 1971 Group Mortality Table. Beneficiary and alternate payee mortality: unisex rates based upon 10% of the Male 1971 Group Mortality Table and 90% of the Female 1971 Group Mortality Table.