Definition of Policy Earnings

  1. Policy Earnings means, for each Plan Year, the after-tax income of a Participant's Policy with respect to such Plan Year as defined by FASB Technical Bulletin 85-4, applied as though the Policy were purchased on the Effective Date.

Definition of Policy Earnings in Retirement Plan

Policy Earnings means, for each Plan Year, the after-tax income of a Participant's Policy with respect to such Plan Year as defined by FASB Technical Bulletin 85-4, applied as though the Policy were purchased on the Effective Date.