Definition of Post-2004 Replacement Benefit


Post-2004 Replacement Benefit means the portion of a Participants Replacement Benefit accrued on and after January 1, 2005, plus any portion accrued prior to January 1, 2005, that is not earned and vested as of December 31, 2004.
Sample 1

Examples of Post-2004 Replacement Benefit in a sentence

The Pre-2005 Replacement Benefit and, for a Participant who is not a Key Employee, Post-2004 Replacement Benefit shall be paid monthly for a period of fifteen years beginning as of the Participants Normal Retirement Date.
The Pre-2005 Replacement Benefit and, for a Participant who is not a Key Employee, Post-2004 Replacement Benefit shall be paid monthly for a period of fifteen years beginning as of the Participants Deferred Retirement Date.
The Pre-2005 Replacement Benefit and, for a Participant who is not a Key Employee, Post-2004 Replacement Benefit shall be paid monthly for a period of fifteen years beginning as of the Disability Retirement Date.
Except as provided in Treasury Regulations, no acceleration in the time or schedule of any payment of the Participants Post-2004 Replacement Benefit or any amount scheduled to be paid from the Participants Post-2004 Replacement Benefit is permitted.
Payment of his Pre-2005 Replacement Benefit and, for a Participant who is not a Key Employee, Post-2004 Replacement Benefit (in each case vested and accrued in accordance with the preceding sentence) shall begin as of the date his employment is terminated.