Definition of Pre-409A Benefits

  1. Pre-409A Benefits means the amount deferred by a Participant under the Plan before January 1, 2005, including earnings thereon, to the extent that the Participant's right to such amount was earned and vested as of December 31, 2004. The amount deferred by a Participant prior to January 1, 2005, equals the present value as of December 31, 2004 of the amount to which the Participant would be entitled under the Plan if the Participant voluntarily terminated service without cause on December 31, 2004, and received a full payment of benefits from the Plan on the earliest possible date allowed under the Plan following termination of service and received benefits in the form with the maximum value. A Participant's Pre-409A Benefits will be determined in accordance with the regulations and other guidance issued under Section 409A of the Code by the Internal Revenue Service.

Examples of Pre-409A Benefits in a sentence

  1. Form and Time of Payment for Pre-409A Benefits and Post-409A Benefits.

Definition of Pre-409A Benefits in Amended and Restated

Pre-409A Benefits means the amount deferred by a Participant under the Plan before January 1, 2005, including earnings thereon, to the extent that the Participant's right to such amount was earned and vested as of December 31, 2004. The amount deferred by a Participant prior to January 1, 2005, equals the present value as of December 31, 2004 of the amount to which the Participant would be entitled under the Plan if the Participant voluntarily terminated service without cause on December 31, 2004, and received a full payment of benefits from the Plan on the earliest possible date allowed under the Plan following termination of service and received benefits in the form with the maximum value. A Participant's Pre-409A Benefits will be determined in accordance with the regulations and other guidance issued under Section 409A of the Code by the Internal Revenue Service.