Examples of Pension Plan of Arch Chemicals in a sentence
In the event that a Participant becomes Disabled, the Participant shall be credited with service and compensation under this Plan for the period of Disability in the same manner as service and compensation is credited for a Disabled non-collectively bargained employee who participates in The Pension Plan of Arch Chemicals until such time as the Participant has a Separation from Service or is no longer Disabled and returns to work.
All other actuarial determinations under the Plan shall be made using the actuarial equivalent factors and other assumptions specified in The Pension Plan of Arch Chemicals.
In the case of a Deferred Vested Participant, benefits paid from this Plan will be calculated assuming that the Participant will not commence benefits under The Pension Plan of Arch Chemicals until he or she attains age sixty-five (65), even though the Participant may actually commence benefits under The Pension Plan of Arch Chemicals prior to that date.
For purposes of determining a Participant’s “Average Compensation,” “Years of Benefit Service,” “Retirement Allowance” and “Primary Social Security Benefit” under this Plan, except as otherwise provided in this paragraph (b), such terms shall be as defined in The Pension Plan of Arch Chemicals and take into account compensation and service (including periods of Disability, but only to the extent provided in (d), below) credited to such Participant while employed by Arch and its affiliates.
These limitations are collectively referred to herein as “Benefit Limitations.” This Plan is intended to provide Participants affected by Benefit Limitations (and their beneficiaries) with benefits equal to the difference in value between what such Participants’ benefits under The Pension Plan of Arch Chemicals would be absent the Benefit Limitations, and what their benefits are taking into account the Benefit Limitations.
Contractor will endeavor to provide thirty (30) days prior written notice to the Owner if coverage is suspended, voided, cancelled by either party, reduced in coverage, reduced in limits below minimum required limits, or non‐renewed.
For purposes of this Plan, an "Employing Company" means any company which has adopted this Plan and is included within the definition of an Employing Company under the terms of The Pension Plan of Arch Chemicals and any other qualified defined benefit plans maintained by Arch (collectively, the "Qualified Plans").
The annual retirement benefits payable under The Pension Plan of Arch Chemicals and the Arch Supplementary and Deferral Pension Benefit Plan which are to be used to reduce the benefit payable under Formula A and Formula B, above, shall be determined assuming that the Participant began receiving benefits thereunder at the date on which benefits commence under this Plan pursuant to Sections 3.3 or 3.4 regardless of when such benefits actually commence.
Except as provided in Section 4.1(e), above, all actuarial determinations under the Plan shall be made using the actuarial equivalent factors and other assumptions specified in The Pension Plan of Arch Chemicals.
In the case of a deferred vested Participant, benefits paid from this Plan will be calculated assuming that the Participant did not commence benefits under The Pension Plan of Arch Chemicals until he or she reached age sixty-five (65), even though the Participant may actually commence benefits under The Pension Plan of Arch Chemicals prior to that date.