Restoration Benefit definition

Restoration Benefit means the benefit described in Section 4.

Restoration Benefit means the benefit provided under Article III, comprised of Deferral Contributions, Company Matching Contributions and SBP Company Contributions, as applicable, and Earnings Credits thereon.

Restoration Benefit means the benefit defined in Article III.

Examples of Restoration Benefit in a sentence

• The Eligible Employee’s frozen Restoration Benefit payable under Schedule E, if any, that is solely attributable to Service (as defined in the Pension Plan) after December 31, 2000 and prior to January 1, 2004, shall be paid under the terms of the Plan as in effect on October 3, 2004.

• If the Participant is married and receiving payment in the form of a joint and survivor annuity, the Supplemental Retirement Plan survivor benefit is not actuarially subsidized, even though the Participant may receive an actuarial subsidy with respect to the Pension Restoration Benefit survivor benefit.

• If a Participant becomes entitled to an Executive Benefit under this section 3.3 upon his or her Separation from Service, both the Net Executive Restoration Benefit and the Net Executive SERP Benefit shall commence as of the first day of the month next following the month in which the six-month anniversary of the Participant’s Separation from Service occurs.

• A Participant’s Gross Executive Restoration Benefit shall be determined initially as of December 31, 2008 (in accordance with section 3.5(b)(1)); then adjusted for each full Plan Year of participation thereafter (in accordance with section 3.5(b)(2)); and adjusted further for the Plan Year in which the Participant incurs a Separation from Service (in accordance with section 3.5(b)(3)).

• If a Participant becomes entitled to an Executive Benefit under this section 3.2 upon his or her Separation from Service, both the Net Executive Restoration Benefit and the Net Executive SERP Benefit shall commence as of the first day of the month next following the month in which the six-month anniversary of the Participant’s Separation from Service occurs.

More Definitions of Restoration Benefit

Restoration Benefit means the benefit determined under Article 3 of this Plan and paid from the general assets of the Company.

Restoration Benefit means the benefit provided under Section 4.2. A Restoration Benefit shall be expressed in the form of a single life annuity.

Restoration Benefit means the benefit provided under Section 42.

Restoration Benefit means, as of any date prior to the date payment under this Plan begins to or with respect to a Participant, the Restoration Benefit determined (1) under the terms of Part II of the Plan if the Participant is currently (or was most recently) an active participant in the Pension Plan of Black Hills Corporation or (2) under the terms of Part III of the Plan if the Participant is currently (or was most recently) an active participant in the Black Hills Utility Holdings, Inc. Pension Plan. If a Participant transfers from active participation in the Pension Plan of Black Hills Corporation to active participation in the Black Hills Utility Holdings, Inc. Pension Plan or vice versa, his Restoration Benefit shall be redetermined under the provisions of this Plan that apply to Participants who are active participants in the qualified plan to which he has transferred and the Restoration Benefit, if any, determined prior to the transfer shall be extinguished. Any election made by the Participant under subparagraph 20(e) shall be deemed to have made under subparagraph 24(e) as well, and any election made by the Participant under subparagraph 24(e) shall be deemed to have been made under Paragraph 20(e) as well. As of the date payment begins to or with respect to a Participant under this Plan, his Restoration Benefit shall mean the Restoration Benefit payable to or with respect to the Participant under Part II of the Plan if the Participant was most recently an active participant in the Pension Plan of Black Hills Corporation or Part III of the Plan if the Participant was most recently an active participant in the Black Hills Utility Holdings, Inc. Pension Plan.

Restoration Benefit means the benefit provided under Article III, comprised of Deferrals, Matching Credits and Automatic Profit Sharing Contributions, as applicable, and Earnings Credits thereon.

Restoration Benefit means the benefit payable to each Participant under the terms of the Plan as set forth in Section 4.2.

Restoration Benefit means the Target Benefit described in Section 5 or Section 6 and the benefit described in Section 7.