Retirement plan benefits definition

Retirement plan benefits means employee retirement plan benefits, except pick-up contributions for which a subtraction is allowed under paragraph E, reported as pension or annuity income for federal income tax purposes and individual retirement account benefits reported as individual retirement account distributions for federal income tax purposes. "Retirement plan benefits" does not include distributions that are subject to the tax imposed by the Code, Section 72(t);[PL 2017, c. 170, Pt. H, §2 (AMD).]
Retirement plan benefits means the aggregate monthly benefits payable under the terms of the Retirement Plan.
Retirement plan benefits mean the benefits provided upon Retirement (as defined in the 2006 Equity Plan Terms and Conditions) pursuant to the 2006 Equity Plan Terms and Conditions.

Examples of Retirement plan benefits in a sentence

  • Retirement plan benefits are primarily based on the employee's compensation during the last three to five years before retirement and the number of years of service.

  • Retirement plan benefits are 100% vested upon the completion of 5 years of service or after attaining age 55.

  • The District Court also erroneously interpreted Gonzales as allowing a ban on abortion at a pre-viability stage of pregnancy to be reviewed under the undue burden standard.

  • Retirement plan benefits are primarily based on the employee’s compensation during the last three to five years before retirement and the number of years of service.

  • Retirement plan benefits: Documentation showing the sum of all retirement plan funding costs paid by the organization.a. Include funding for all employees and the company owners.b. Do not include employee withholdings for their portion of contributions to the plan.

  • Retirement plan benefits are primarily based on the employee’s compensation during the last several years before retirement and the employee’s number of years of service for the Company.

  • NOTE 12: DEFERRED CREDITS Following is a summary of the amounts recorded as deferred credits as of December 31, 2019 and 2018: NOTE 13: RETIREMENT PLAN Retirement plan benefits for substantially all employees are provided through participation in a defined contribution SelectRE pension plan with 401k option with cash and deferred arrangement of the National Rural Electric Cooperative Association (NRECA) and its member systems.

  • Retirement plan benefits shall be paid to CEO throughout the Term at a rate which is no less than five percent (5%) of CEO' s Annual Salary, with matching options by ELCIRMO of up to two percent (2%) of CEO 's Annual Salary.

  • Therefore, at the 40% content, the TS of the films slightly decreased.

  • Retirement plan benefits" means employee retirement plan benefits, ex- cept pick-up contributions for which a subtraction is allowed under paragraph E, reported as pension or annuity income for federal income tax purposes and indi- vidual retirement account benefits re- ported as individual retirement account distributions for federal income tax pur- poses.


More Definitions of Retirement plan benefits

Retirement plan benefits means employee retirement plan benefits, ex- cept pick-up contributions for which a subtraction is allowed under paragraph E, reported as pension or annuity income for federal income tax purposes and indi- vidual retirement account benefits re- ported as individual retirement account distributions for federal income tax pur- poses. "Retirement plan benefits" does not include distributions that are subject to the tax imposed by the Code, Section 72(t);
Retirement plan benefits means the amount of benefit provided to the Participant in the form of an annuity that is the Actuarial Equivalent from any defined benefit retirement plan maintained by or contributed to by the Company; provided, however, that in the event that a Supplemental Benefit is to be paid prior to Normal Retirement the amount of “Retirement Plan Benefits” shall be an early benefit that is Actuarially Equivalent to the Normal Retirement benefit.
Retirement plan benefits means employee retirement plan benefits, except pick-up contributions for which a subtraction is allowed under paragraph E, reported as pension or annuity income for federal income tax purposes and individual retirement account benefits reported as individual retirement account distributions for federal income tax purposes.
Retirement plan benefits means em- ployee retirement plan benefits, except pick- up contributions for which a subtraction is al- lowed under paragraph E, reported as pension or annuity income for federal income tax pur- poses and individual retirement account bene- fits reported as individual retirement account distributions for federal income tax purposes. "Retirement plan benefits" does not include distributions that are subject to the tax im- posed by the Code, Section 72(t);

Related to Retirement plan benefits

  • Retirement Benefits means benefits paid by reference to reaching, or the expectation of reaching, retirement or, where they are supplementary to those benefits and provided on an ancillary basis, in the form of payments on death, disability, or cessation of employment or in the form of support payments or services in case of sickness, indigence or death. In order to facilitate financial security in retirement, these benefits may take the form of payments for life, payments made for a temporary period, a lump sum, or any combination thereof;

  • Plan Benefit means the benefit payable to a Participant as calculated in Article V.

  • Retirement Plans means the retirement income, supplemental executive retirement, excess benefits and retiree medical, life and similar benefit plans providing retirement perquisites, benefits and service credit for benefits at least as great in value in the aggregate as are payable thereunder prior to a Change in Control.

  • Retirement Plan means a plan which provides retirement benefits to you and which is not funded wholly by your contributions. The term shall not include a profit-sharing plan, informal salary continuation plan, registered retirement savings plan, stock ownership plan, 401(K) or a non-qualified plan of deferred compensation.

  • Accrued Benefit means the amount standing in a Participant's Account(s) as of any date derived from both Employer contributions and Employee contributions, if any.

  • SERP has the meaning assigned thereto in Section 5(c) hereof.

  • Retirement Benefit means the benefit set forth in Article 5.

  • Separation Benefits has the meaning accorded such term in Section 3.04.

  • Normal Retirement Benefit means the benefit described in Section 2.1.

  • Early Retirement Benefit means the retirement benefit payable to a member following early

  • Supplemental Retirement Benefit means the benefit determined under Article V of this Plan.

  • Accrued Benefits shall include the following amounts, payable as described herein: (i) all base salary for the time period ending with the Termination Date; (ii) reimbursement for any and all monies advanced in connection with the Executive's employment for reasonable and necessary expenses incurred by the Executive on behalf of the Company and its Affiliates for the time period ending with the Termination Date; (iii) any and all other cash earned through the Termination Date and deferred at the election of the Executive or pursuant to any deferred compensation plan then in effect; (iv) notwithstanding any provision of any bonus or incentive compensation plan applicable to the Executive, a lump sum amount, in cash, equal to the sum of (A) any bonus or incentive compensation that has been allocated or awarded to the Executive for a fiscal year or other measuring period under the plan that ends prior to the Termination Date but has not yet been paid (pursuant to Section 5(f) or otherwise) and (B) a pro rata portion to the Termination Date of the aggregate value of all contingent bonus or incentive compensation awards to the Executive for all uncompleted periods under the plan calculated as to each such award as if the Goals with respect to such bonus or incentive compensation award had been attained; and (v) all other payments and benefits to which the Executive (or in the event of the Executive's death, the Executive's surviving spouse or other beneficiary) may be entitled as compensatory fringe benefits or under the terms of any benefit plan of the Employer, including severance payments under the Employer's severance policies and practices in the form most favorable to the Executive that were in effect at any time during the 180-day period prior to the Effective Date. Payment of Accrued Benefits shall be made promptly in accordance with the Employer's prevailing practice with respect to clauses (i) and (ii) or, with respect to clauses (iii), (iv) and (v), pursuant to the terms of the benefit plan or practice establishing such benefits.

  • Vested Benefits means amounts that are vested or that Executive is otherwise entitled to receive, without the performance by Executive of further services or the resolution of a contingency, under the terms of or in accordance with any investment and savings plan or retirement plan (including any plan providing retiree medical benefits) of the Company or its affiliates, and any ERPs or ESPs related thereto, and any deferred compensation or employee stock purchase plan or similar plan or program of the Company or its affiliates.

  • Medical Benefits means the monthly fair market value of benefits provided to the Employee and the Employee’s dependents under the major medical, dental and vision benefit plans sponsored and maintained by the Company, at the level of coverage in effect for such persons immediately prior to the Employee’s termination of employment date. The “monthly fair market value” of such benefits shall be equal to the monthly cost as if such persons elected COBRA continuation coverage at such time at their own expense.

  • Covered benefits or “benefits” means those health care services to which a covered person is entitled under the terms of a health benefit plan.

  • Supplemental Retirement Plan means (i) the Company’s Amended and Restated Supplemental Executive Retirement Plan, (ii) the Company’s Supplemental Management Retirement Plan, (iii) the Company’s Amended and Restated Top Hat Restoration Plan, and (iv) the Company’s Defined Contribution Restoration Plan.

  • Retirement fund means the "Washington law enforcement

  • Basic Plan means as to any Member or Vested Former Member the defined benefit pension plan of the Company or an Affiliated Employer intended to meet the requirements of Code Section 401(a) pursuant to which retirement benefits are payable to such Member or Vested Former Member or to the Surviving Spouse or designated beneficiary of a deceased Member or Vested Former Member.

  • Health benefits plan means a benefits plan which pays or

  • Supplemental Retirement Income Benefit means an annual amount (before taking into account federal and state income taxes), payable in monthly installments throughout the Payout Period. Such benefit is projected pursuant to the Agreement for the purpose of determining the Contributions to be made to the Retirement Income Trust Fund (or Phantom Contributions to be recorded in the Accrued Benefit Account). The annual Contributions and Phantom Contributions have been actuarially determined, using the assumptions set forth in Exhibit A, in order to fund for the projected Supplemental Retirement Income Benefit. The Supplemental Retirement Income Benefit for which Contributions (or Phantom Contributions) are being made (or recorded) is set forth in Exhibit A.

  • Pre-Retirement Survivor Benefit means the benefit set forth in Article 6.

  • Termination Benefits means the benefits described in Section 4.1(b).

  • Gap medical benefits means the benefits (if any) payable in respect of medical expenses that are less than, greater than or equal to the schedule fee, provided always that the medical expenses relate to a professional service that:

  • Employment benefits means all benefits provided or made

  • Deferred Plan means a trust governed by a registered retirement savings plan, registered retirement income fund, registered education savings plan or tax-free savings account.

  • Termination Benefit means the benefit set forth in Article 7.