Primary Benefit definition

Primary Benefit means an annual benefit determined as follows:

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Primary Benefit means a benefit described in SECTION VII of the Plan.

Primary Benefit means the Trust’s or the Executive’s rights to proceeds at the Executive’s death provided under the 1994 Agreement. If the policy subject to the 1994 Agreement lapses, the Primary Benefit shall he deemed to be one million dollars ($1,000,000).

Examples of Primary Benefit in a sentence

The Administrative Committee, upon application by the Participant, shall grant him one postponement of the date on which the final Primary Benefit Payment shall become due and payable; provided that the date to which the Full Payout Date may be postponed pursuant to this Section 5.3 shall be an anniversary of the Retirement Benefit Commencement Date and shall not occur earlier than the fifteenth anniversary and not later than the twentieth anniversary of such Date.
The Primary Benefit and Pro Rata Bonus shall be in satisfaction of any and all other compensation, bonus, severance and/or other payments of any kind whatsoever, otherwise due or to be paid to the Executive, except for accrued, but not paid, Base Annual Compensation and accrued and to be paid bonus from any prior period, and except for the payments to the Executive pursuant to Section 3 (b).
Should an employee's for government benefits be accepted, benefits otherwise payable under the Company Weekly Indemnity Plan will be reduced by the Primary Benefit payable under the provisions of the government Should payments made by the government cover a period for which benefits have already been paid by the company, employees shall endorse their government benefit cheques of the company.

More Definitions of Primary Benefit

Primary Benefit means a monthly benefit equal to 1/12th of:

Primary Benefit shall have the meaning accorded thereto in Section 3(a).

Primary Benefit means a monthly benefit equal to the sum of the following: