Pre-2005 Replacement Benefit definition

Pre-2005 Replacement Benefit means the portion of a Participant’s Replacement Benefit accrued prior to January 1, 2005, that is earned and vested as of December 31, 2004.
Sample 1

Examples of Pre-2005 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 Participant’s Normal Retirement Date.

  • By election in writing, delivered to the Compensation Committee, or its designee, at least one year prior to Retirement, Disability or Severance, a Participant may irrevocably elect to receive his Pre-2005 Replacement Benefit in a single lump sum payment in lieu of installments.

  • In regard to the dispatch of excess energy we agree with the IAT that the buyer should have the right to dispatch all energy including excess energy.

  • Subject to the Compensation Committee’s complete and absolute discretion, the Actuarial Equivalent of the Pre-2005 Replacement Benefit otherwise payable hereunder may be paid over periods of fewer than fifteen years.

  • 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 Participant’s 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.

Related to Pre-2005 Replacement Benefit

  • Retirement Benefit means the benefit set forth in Article 5.

  • Supplemental Retirement Benefit means the benefit determined under Article V of this Plan.

  • Termination Benefit means the benefit set forth in Article 7.

  • Early Retirement Benefit means the retirement benefit payable to a member following early

  • Plan Benefit means the benefit payable to a Participant as calculated in Article V.

  • relevant benefit means any benefit specified in paragraph 21(2); and

  • Death Benefit means the insurance amount payable under the Certificate at death of the Insured, subject to all Certificate provisions dealing with changes in the amount of insurance and reductions or termination for age or retirement. It does not include any amount that is only payable in the event of Accidental Death.

  • Normal Retirement Benefit means the benefit described in Section 2.1.

  • Retirement Benefits means benefits paid by reference to reaching, or the expectation of reaching, retirement or, where they are supplementary to those benefits and provided on an ancillary basis, in the form of payments on death, disability, or cessation of employment or in the form of support payments or services in case of sickness, indigence or death. In order to facilitate financial security in retirement, these benefits may take the form of payments for life, payments made for a temporary period, a lump sum, or any combination thereof;

  • Accrued Benefit means the amount standing in a Participant's Account(s) as of any date derived from both Employer contributions and Employee contributions, if any.

  • Supplemental Benefit means the monthly benefit payable to the Executive under this Agreement.

  • Net Benefit means the present value of the Covered Payments net of all federal, state, local, foreign income, employment and excise taxes.

  • Disability Benefit means the benefit set forth in Article 8.

  • Monthly Benefit means the monthly amount payable by Liberty to you if you are Disabled or Partially Disabled.

  • Service benefit means the credit toward retirement benefits as determined by the

  • Relevant Benefits means any pension, annuity, lump sum, gratuity or other like benefit given or to be given on retirement or death, or in anticipation of retirement.

  • Net Benefits Test means a calculation to determine whether the benefits of a reduction in price resulting from the dispatch of Economic Load Response exceeds the cost to other loads resulting from the billing unit effects of the load reduction, as specified in Operating Agreement, Schedule 1, section 3.3A.4 and the parallel provisions of Tariff, Attachment K-Appendix, section 3.3A.4.

  • Pre-Retirement Survivor Benefit means the benefit set forth in Article 6.

  • Last Monthly Benefit means the gross Monthly Benefit payable to the Insured Employee immediately prior to death. Any reductions for Other Income Benefits, or for earnings the Insured Employee received for Partial Disability Employment, will not apply.

  • Lump Sum means the total sum which will have become payable to the Contractor by the Principal upon completion of the Works.

  • Actuarial equivalent means a benefit of equal value when

  • Disability Support Pension means the Commonwealth pension scheme to provide income security for persons with a disability as provided under the Social Security Act 1991, as amended from time to time, or any successor to that scheme.

  • Basic Plan means as to any Member or Vested Former Member the defined benefit pension plan of the Company or an Affiliated Employer intended to meet the requirements of Code Section 401(a) pursuant to which retirement benefits are payable to such Member or Vested Former Member or to the Surviving Spouse or designated beneficiary of a deceased Member or Vested Former Member.

  • Matching Contribution Account means the separate, individual account established on behalf of a Participant to which the Matching Contributions made on such Participant's behalf are credited, together with all earnings and appreciation thereon, and against which are charged any withdrawals, loans and other distributions made from such account and any losses, depreciation or expenses allocable to amounts credited to such account.

  • Qualified Matching Contribution means any employer contribution allocated to an Eligible Employee's account under any plan of an Employer or a Related Company solely on account of "elective contributions" made on his behalf or "employee contributions" made by him that is a qualified matching contribution as defined in regulations issued under Code Section 401(k), is nonforfeitable when made, and is distributable only as permitted in regulations issued under Code Section 401(k).

  • Termination Benefits means the benefits described in Section 4.1(b).