Examples of Normal Retirement Age in a sentence
The annual benefit will be paid for fifteen (15) years in equal monthly installments commencing the month following Normal Retirement Age.
Notwithstanding the foregoing, if the Executive’s death occurs after Normal Retirement Age, the Bank shall increase this annual benefit by .3274% per month for each full month between Normal Retirement Age and the Executive’s death, up to a maximum of sixty (60) months.
Notwithstanding the foregoing, if Separation from Service occurs after Normal Retirement Age, the Bank shall increase this annual benefit by .3274% per month for each full month between Normal Retirement Age and Separation from Service, up to a maximum of sixty (60) months.
In the event the Executive suffers a Disability prior to Normal Retirement Age the Employer shall pay the Executive the annual benefit shown on Schedule A for the Plan Year ending immediately prior to Disability in lieu of any other benefit hereunder.
In the event the Executive dies prior to Separation from Service, Disability and Normal Retirement Age, the Employer shall pay the Beneficiary the annual benefit shown on Schedule A for the Plan Year ending immediately prior to the Executive’s death in lieu of any other benefit hereunder.