Non-Grandfathered Benefit definition

Non-Grandfathered Benefit means a Sub-Account that consists of the amount of deferrals and contributions credited to a Participant’s Deferred Compensation Account after December 31, 2004, plus or minus Credited Investment Return (Loss) thereon.

Non-Grandfathered Benefit means the portion of the benefit payable under the Supplemental Plan which exceeds the Grandfathered Benefit.

Non-Grandfathered Benefit means a benefit under the Plan that is not a Grandfathered Benefit.

Examples of Non-Grandfathered Benefit in a sentence

• If a Participant has terminated employment after attaining age 55, and the value of the Participant’s Non-Grandfathered Benefit does not exceed $100,000 at the time of such Termination of Employment, such benefit shall be paid in the form specified in Section 4.3(b)(i), regardless of any election to the contrary.

• If a Participant has terminated employment before attaining age 55, the Participant’s Non-Grandfathered Benefit shall be paid in the form specified in Section 4.3(b)(i), regardless of any election to the contrary.

• Notwithstanding anything herein to the contrary, with respect to amounts credited to a Participant’s Non-Grandfathered Benefit Account, a Participant shall not receive a payment under the Plan before the first day of the seventh month (but no later than sixty (60) days from such day) following the date of the Participant’s Separation from Service.

• Notwithstanding the foregoing, during the 2007 calendar year, a Participant was permitted to elect to change the form of distribution with respect to amounts credited to his or her or her Non-Grandfathered Benefit Account so long as the change applied only to amounts that would not otherwise be payable in 2007 and the change did not cause an amount to be paid in 2007 that would not otherwise be payable in 2007.

• Any Non-Grandfathered Benefit Distribution Election Form submitted to the Committee after such period will be considered a change to the Participant’s prior election, subject to the timing rules outlined in 3.03(b)(iii)(C), below.

More Definitions of Non-Grandfathered Benefit

Non-Grandfathered Benefit means the portion of a Participant’s Account under the Plan which is either accrued or ceases to be subject to a substantial risk of forfeiture after 2004, i.e., any Plan benefit other than a Grandfathered Benefit.

Non-Grandfathered Benefit means the entire benefit of a Participant who does not have a Grandfathered Benefit.

Non-Grandfathered Benefit means the portion of a Participant’s Deferred Compensation Plan Account that is attributable to amounts credited to a Participant’s account under the Dover Deferred Compensation Plan after December 31, 2004, plus or minus Earnings credited on such amount thereafter.

Non-Grandfathered Benefit means any benefit which is not a Grandfathered Benefit.

Non-Grandfathered Benefit means the portion of the Total Retirement Benefit representing the benefit of an Executive under the Plan which is either accrued or ceases to be

Non-Grandfathered Benefit means any benefit payable under this Plan which is not a Grandfathered Benefit.

Non-Grandfathered Benefit means the portion of a Participant’s benefit determined under Section IV(1) of the Restoration Plan that is not a Grandfathered Benefit.