Definition of Policy Earnings Adjustment Factor

  1. Policy Earnings Adjustment Factor means, for each Plan Year, the excess of (i) the Participant's Adjustment Percentage, over (ii) the maximum Federal income tax rate in effect for taxpayers such as the Company with respect to such Plan Year.

Definition of Policy Earnings Adjustment Factor in Retirement Plan

Policy Earnings Adjustment Factor means, for each Plan Year, the excess of (i) the Participant's Adjustment Percentage, over (ii) the maximum Federal income tax rate in effect for taxpayers such as the Company with respect to such Plan Year.