Examples of Normal Form of Benefit in a sentence

Normal Retirement Benefit: An annual benefit at Normal Retirement Date equal to 5% of an Independent Trustee's Annual Compensation multiplied by the Independent Trustee's whole Years of Service, up to a maximum of ten Years of Service, payable in the Normal Form of Benefit, as defined in ss.3(g).
Except as otherwise provided in this ss.3, benefits payable under this ss.3 shall be payable in the form of a monthly annuity for the life of the Independent Trustee, and, if the Independent Trustee dies before he has received one hundred twenty (120) payments, monthly payments in the same amount shall be payable to his beneficiary until the number of payments to the Independent Trustee plus the number of payments to the beneficiary equal one hundred twenty (120) payments (the "Normal Form of Benefit").
The "Normal Retirement Benefit" payable to a Retired Participant pursuant to this Plan Section5.1 shall be a pension commencing on the Participant's Retirement Date and continuing for the period specified by the Employer as the Normal Form of Benefit in the Adoption Agreement.
Unless you elect otherwise at the time you retire or enter the DROP, your pension is payable in the Normal Form of Benefit which is a 10-Year Certain & Life Annuity.
Normal Form of Benefit: 10 Years Certain and Life thereafter; other options are also available.

More Definitions of Normal Form of Benefit

Normal Form of Benefit means an annuity expressed as a ten year certain annuity (no life thereafter). In addition, the Affected Members shall also be permitted to elect a lump sum option on the value of the annuity at his Retirement Date.

Normal Form of Benefit means a joint and 50% survivor annuity if the Participant is married at the time benefits under this Supplement first commence, and a single life annuity if the Participant is unmarried as of such time.

Normal Form of Benefit means the same form of benefit payment, the same benefit commencement date, and the same Beneficiary as elected by an Eligible Employee.

Normal Form of Benefit means a life annuity unless the Participant was designated a Participant in this Plan prior to July 23, 1998, in which case the Normal Form of Benefit shall be a Joint and 50% Survivor annuity.

Normal Form of Benefit means that form of benefit available to a Participant unless such Participant elects an Alternative Form of Benefit in accordance with the provisions of the Plan. For an unmarried Participant, the Normal Form of Benefit shall be an individual life annuity, meaning a form of benefit providing equal monthly payments to the Participant during the Participant's life only. For a married Participant, except as provided in the applicable Schedule of Benefits, the Normal Form of Benefit shall be a joint and survivor annuity which is the Actuarial Equivalent of the single life annuity described above, meaning a form of benefit that provides annuity payments during the Participant's life and, after the Participant's death, annuity payments equal to one hundred percent (100%) of the original annuity payments to the Participant's surviving spouse for the spouse's life. For purposes of determining the Normal Form of Benefit, the EBC shall determine whether a Participant is married as of the date when the payment of the Participant's benefit is to commence.

Normal Form of Benefit means a single lump sum payment. Distributions representing salary deferrals and the vested cash portion of employer matching contributions will be made in cash. Distributions representing the vested Company stock portion of Employer Matching Contributions, the Company stock portion of Voluntary Salary Deferral

Normal Form of Benefit means a monthly pension commencing on the Employee's Annuity Starting Date, and paid on the first day of each following month, terminating with the payment made in the month of the Employee's death. No death benefit is payable under the Normal Form.