Prior Plan Benefit definition

Prior Plan Benefit means the Member’s accrued benefit under the Prior Plan, as described in section A.1 of the Appendix which is attached hereto and hereby made a part of the Plan.

Prior Plan Benefit means a Participant’s “accrued benefit” as defined under the Prior Plan and as determined as of the Transition Date, indexed to reflect the growth in the Participant’s rate of Base Pay as set forth below.

Prior Plan Benefit means a Participant’s benefit vested and accrued under the Prior Plan, determined as of December 31, 2004.

Examples of Prior Plan Benefit in a sentence

• You may not elect to begin to receive payment of your vested Prior Plan Benefit in the form of monthly payments beginning before you attain age 55.

• It is an express condition precedent to the effectiveness of this Agreement that the Employee execute and deliver the Waiver of Prior Plan Benefit attached as Schedule “B” to this Agreement terminating the Employee’s rights under such prior plan and any related agreement(s), whether written or oral, and under any other supplemental benefit plan provided by the Employer which affords the Employee benefits in the event of the Employee’s retirement or a Change in Control of the Employer.

• Prior Plan Benefit elections are administered separately in accordance with the terms and procedures in effect under the Prior Plans, as set forth in Appendices A and B.

• The Participant’s expected Accrued Benefit Derived from Company Contributions at his Normal Retirement Date under the Pension Plan, assuming that the Participant had elected to make Participant Contributions to the Plan in each Plan Year such contributions as were permitted and that interest credited to the Account Balance Benefit for future years will be at the rate of 7.5%, including the Prior Plan Benefit and the Minimum Benefit.

• The HEI Patent Fund grants normally covered 100 per cent of eligible costs for patenting activities.2. The Industry Patent Fund which involved the provision of advisory and financial supports to indigenous enterprises and entrepreneurs engaged in research, development and innovation activities regarding the protection and commercialisation of inventions.

More Definitions of Prior Plan Benefit

Prior Plan Benefit means the benefit described in Appendix 3.1(b)(ii).

Prior Plan Benefit means such Participant’s frozen benefit accrued as of March 31, 1994, under the CAE-Link Corporation Pension Plan. For purposes of benefits under

Prior Plan Benefit means an amount which was transferred to this Plan directly from a qualified plan and trust described in Section 401(a) and, if applicable, 401(k) of the Code.

Prior Plan Benefit means an amount which was transferred to the SSIP directly from a qualified plan and trust described in Section 401(a) and, if applicable, 401(k) of the Code, which was maintained by IR Company or an Affiliated Company with respect to IR Company, and the transfer was approved by the Benefits Administration Committee (as such term is described in the IR Plan), and subsequently transferred to the IR Plan from the SSIP.

Prior Plan Benefit means an amount equal to an Executive’s account balance, if any, in the Prior Plan that is transferred to the Plan upon termination of the Prior Plan.

Prior Plan Benefit means the benefit of a Participant under the Horace Mann Executive Supplemental Employee Retirement Plan (“ESERP”) represented by the Participant’s “NQMPPP Feature account” which benefit was transferred to the Plan pursuant to the provisions of the ESERP and credited to the Participant’s Account in the Plan as of April 1, 2002.

Prior Plan Benefit means the monthly benefit earned by a Participant under the Prior Plan, if any, through August 31, 1987.