Definition of Pre-2005 Replacement Benefit


Pre-2005 Replacement Benefit means the portion of a Participants 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 Participants Normal Retirement Date.
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.
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.