Examples of Prior Employer Benefit in a sentence
Except as otherwise provided in the following sentence with respect to certain Participants, any Prior Employer Benefit plus other payments, if specifically designated by the Administrative Committee to be deducted, which are made pursuant to an individual employee contract to provide retirement income or deferred compensation, regardless of whether the contract is made by the Company, a Subsidiary, or any other employer.
Notwithstanding the preceding sentence, upon a specific designation by the Administrative Committee, in its discretion, the benefit described in this subparagraph (d) of this Section 5.3 shall not be reduced by any Prior Employer Benefit payable with respect to a Participant whose Retirement Date occurs on or after March 1, 2002.
Notwithstanding the preceding sentence, upon a specific designation by the Administrative Committee, in its discretion, the benefit described in this subparagraph (b) of this Section 5.3 shall not be reduced by any Prior Employer Benefit payable with respect to a Participant whose Retirement Date occurs on or after March 1, 2002.
The Compensation Committee, or its delegates, shall determine for each Prior Employer Benefit a monthly offset amount based on a -26- 31 single life annuity form equivalent to the Prior Employer Benefit (assuming the same commencement date as the Participant's Enhanced Retirement Benefit).
The Early Retirement Reduction Factor LESS Any Prior Employer Benefit plus other payments, if specifically designated by the Administrative Committee to be deducted, which are made pursuant to an individual employee contract to provide retirement income, regardless of whether the contract is made by the Company, a Subsidiary, or any other employer.
The Compensation Committee, or its delegates, shall determine for each Prior Employer Benefit a monthly offset amount based on a single life annuity form equivalent to the Prior Employer Benefit (assuming the same commencement date as the Participant's Enhanced Retirement Benefit).
Any Prior Employer Benefit plus other payments, if specifically designated by the Administrative Committee to be deducted, which are made pursuant to an individual employee contract to provide retirement income, regardless of whether the contract is made by the Company, a Subsidiary, or any other employer.
To the extent the Projected Prior Employer Benefit includes a defined contribution plan benefit, projected future contributions to such plan shall be assumed to earn the same rate of return utilized in Section 2(x) (iii).
Notwithstanding the preceding sentence, the benefit described in this subparagraph (d) of this Section 5.3 shall be reduced by any Prior Employer Benefit payable with respect to a Participant whose Retirement Date occurs on or after March 1, 2002.
Notwithstanding the preceding sentence, the benefit described in this subparagraph (b) of this Section 5.3 shall not be reduced by any Prior Employer Benefit payable with respect to a Participant whose Retirement Date occurs on or after March 1, 2002.