Normal Retirement Benefit definition

Normal Retirement Benefit means the benefit described in Section 2.1.

Normal Retirement Benefit means an annual benefit payment in the amount of Twenty Eight Thousand Three Hundred and Forty Eight dollars ($28,348) for a period of Fifteen (15) years.

Normal Retirement Benefit means the benefit described in Section 4.1.

Examples of Normal Retirement Benefit in a sentence

• The annual benefit under this Section 3.1 is the Normal Retirement Benefit amount described in Section 2.1.1.

• The benefit under this Section 3.1 is the Normal Retirement Benefit amount described in Section 2.1.1.

• Additionally, the Durham and Orange Transit Plans commit another $161 million YOE in borrowing proceeds to be repaid by the dedicated local revenues.39 Table 2-3: Local Revenues Dedicated in the Durham and Orange Transit Plans Sales Tax.

• If the Participant remains in the service of the Plan Sponsor until reaching his Normal Retirement Age, the Participant shall be entitled to his Normal Retirement Benefit.

• Upon attainment of Normal Retirement Age, the Participant shall be One Hundred (100%) percent vested in his Normal Retirement Benefit.

More Definitions of Normal Retirement Benefit

Normal Retirement Benefit means the Retirement benefit determined under Section 5.1 of this Appendix A upon Employee's Retirement on or after his Normal Retirement Date.

Normal Retirement Benefit means the benefit described in Article 3.

Normal Retirement Benefit shall have the meaning set forth in the Pension Plan.

Normal Retirement Benefit has the meaning set forth in Section 3.1.

Normal Retirement Benefit means an annual installment benefit of Twenty-Five Thousand Dollars ($25,000) payable commencing upon the Executive’s Normal Retirement Date as provided in Section 2.1.

Normal Retirement Benefit means the benefit provided to Executive pursuant to Section 2.1 hereof.

Normal Retirement Benefit means a monthly benefit beginning at Normal Retirement and continuing for 180 months or the life of the Member, whichever is the greater. The monthly benefit is an amount calculated by multiplying the Retirement Benefit Percentage times the Member's Basic Compensation at the Member's date of retirement and is not offset by benefits in the Company's qualified thrift plan or Section 401(k) plan, nor by a Member's primary Social Security benefits. However, in the event a defined benefit pension plan is implemented by the Company, the monthly benefits payable under this Plan to those Members who are eligible for benefits under a defined benefit pension plan shall be reduced by the Member's monthly benefits under such pension plan.