Definition of Post-2004 Accruals

Post-2004 Accruals means the portion of the benefit to which the Participant is entitled under the Plan on Separation from Service that exceeds the Participant's Grandfathered Benefit, if any.
Sample 1

Examples of Post-2004 Accruals in a sentence

Notwithstanding the foregoing, no Post-2004 Accruals may be so distributed upon termination of the Plan in whole or in part except to the extent such acceleration of the time and form of payment is permitted under Section 409A of the Code and the regulations and guidance issued thereunder and, if not so permitted, such amounts shall only be paid as provided in Section 6.