Normal Survivor Benefit definition

Normal Survivor Benefit means ten annual amounts, each equal to 50% of the Participant’s Final Base Compensation, payable in monthly installments, or the lump sum Actuarial Equivalent if the Participant so elects and as provided in Section 4.10.
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Normal Survivor Benefit means ten annual amounts, each equal to 50% of the Participant's Final Base Compensation, payable in monthly installments.
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Examples of Normal Survivor Benefit in a sentence

  • The Participant's Normal Survivor Benefit determined as of the date of the Change in Control commencing as soon as practicable after the Participant's death.

  • The Participant's Normal Survivor Benefit determined as of the date of the Change In Control, which shall be effective on the first day of the month following the Participant's death and be paid or commence as soon as practicable, but not later than 90 days, after the Participant's death.

  • The Beneficiary of a Participant who ------------------------------- dies before termination of employment shall be entitled to receive a Pre-Retirement Survivor Benefit consisting of the Normal Survivor Benefit commencing as soon as practicable after the Participant's death.

  • The Participant's Normal Survivor Benefit commencing as soon as practicable after the Participant's death; provided that no benefit shall be paid before the Participant's request for this benefit becomes effective 12 months after it is received by the Committee as described above.

  • Except as provided in Sections 4.06 and 4.07, the Beneficiary of a Participant who dies before Separation from Service shall be entitled to receive a Pre-Retirement Survivor Benefit consisting of the Normal Survivor Benefit; provided, however, that such benefit must be paid or commence within 90 days following the Participant’s death.

  • The Participant’s Normal Survivor Benefit, which shall be effective on the first day of the month following the Participant’s death and be paid or commence as soon as practicable, but no later than 90 days, after the Participant’s death.

  • Except as provided in Sections 4.06 and 4.07, the Beneficiary of a Participant who dies before Separation from Service shall be entitled to receive a Pre-Retirement Survivor Benefit consisting of the Normal Survivor Benefit; provided, however, that such benefit must be paid or commence within 90 days following the Participant's death.

  • The Participant’s Normal Survivor Benefit determined as of the date of the Change in Control, which shall be effective on the first day of the month following the Participant’s death and be paid or commence as soon as practicable, but not later than 90 days, after the Participant’s death.

  • The Participant's Normal Survivor Benefit, which shall be effective on the first day of the month following the Participant's death and be paid or commence as soon as practicable, but no later than 90 days, after the Participant's death.

Related to Normal Survivor Benefit

  • Pre-Retirement Survivor Benefit means the benefit set forth in Article 6.

  • Death Benefit means the insurance amount payable under the Certificate at death of the Insured, subject to all Certificate provisions dealing with changes in the amount of insurance and reductions or termination for age or retirement. It does not include any amount that is only payable in the event of Accidental Death.

  • Normal Retirement Benefit means an annual benefit equal to One Hundred Fifty Thousand Dollars and No/100 ($150,000.00) per year, payable in accordance with the terms of this Agreement. Beginning on the thirteenth month that the Normal Retirement Benefit is paid, and continuing thereafter until paid in full, the Normal Retirement Benefit shall be increased annually by three percent (3%) from the previous year’s Normal Retirement Benefit amount to account for cost of living increases.

  • Net death benefit means the amount of the life insurance policy or certificate to be settled less any outstanding debts or liens.

  • Retirement Benefit means the benefit set forth in Article 5.

  • Qualified Preretirement Survivor Annuity means an annuity which is payable for the life of the Participant's surviving spouse.

  • Plan Benefit means the benefit payable to a Participant as calculated in Article V.

  • Supplemental Retirement Benefit means the benefit determined under Article V of this Plan.

  • Early Retirement Benefit means the retirement benefit payable to a member following early

  • Supplemental Benefit means the monthly benefit payable to the Executive under this Agreement.

  • Actuarial equivalent means a benefit of equal value when

  • Disability Benefit means the benefit set forth in Article 8.

  • Accrued Benefit means the amount standing in a Participant's Account(s) as of any date derived from both Employer contributions and Employee contributions, if any.

  • Lump Sum means the total sum which will have become payable to the Contractor by the Principal upon completion of the Works.

  • Joint and Survivor Annuity means an immediate annuity for the life of a Participant with a survivor annuity for the life of the Participant's Spouse which is not less than fifty percent (50%), nor more than one hundred percent (100%) of the amount of the annuity payable during the joint lives of the Participant and the Participant's Spouse which can be purchased with the Participant's Vested interest in the Plan reduced by any outstanding loan balances pursuant to Section 7.4.

  • Surviving Spouse means the widow or widower, as the case may be, of a Deceased Participant or a Deceased Beneficiary (as applicable).

  • Net Benefit means the present value of the Covered Payments net of all federal, state, local, foreign income, employment and excise taxes.

  • Retirement Benefits means benefits paid by reference to reaching, or the expectation of reaching, retirement or, where they are supplementary to those benefits and provided on an ancillary basis, in the form of payments on death, disability, or cessation of employment or in the form of support payments or services in case of sickness, indigence or death. In order to facilitate financial security in retirement, these benefits may take the form of payments for life, payments made for a temporary period, a lump sum, or any combination thereof;

  • Termination Benefit means the benefit set forth in Article 7.

  • Qualified Joint and Survivor Annuity means an annuity for the life of the Participant with a survivor annuity for the life of his Spouse as described in Section 8.2.

  • Pension Benefit means a pension, annuity, gratuity or similar allowance which is payable—

  • Public benefit means making capital available, or facilitating the availability of capital, to businesses in this state that have 750 or fewer employees, the intent of which is to create or retain employment opportunities for residents of this state, stabilize or increase the tax base of this state, or support the redevelopment of facilities for use by small businesses.

  • Monthly Benefit means the monthly amount payable by Liberty to you if you are Disabled or Partially Disabled.

  • Regular benefits ’ means benefits payable to an individual under this act or under any other state law, including benefits payable to federal civilian employees and to ex-servicemen pursuant to 5 U.S.C. chapter 85, other than extended benefits.

  • Single Life Annuity means a Participant’s Grandfathered Benefit and/or 409A Benefit, as applicable, payable as an annuity in equal monthly installments over the life of the Participant, commencing as of the Payment Date and terminating in the month in which the Participant dies, with no further payments thereafter.

  • Annual Benefit means an annual sum of fifty thousand dollars ($50,000) multiplied by the Applicable Percentage (defined below) and then reduced to the extent required: (i) under the other provisions of this Agreement; (ii) by reason of the lawful order of any regulatory agency or body having jurisdiction over the Employer; and (iii) in order for the Employer to properly comply with any and all applicable state and federal laws, including, but not limited to, income, employment and disability income tax laws (eg., FICA, FUTA, SDI).