Specified Benefits are as follows:

Specified Benefits are any amounts or benefits that would be subject to Section 409A penalties if the Company were to pay or otherwise settle such amounts or benefits, pursuant to this Agreement, on account of the Senior Officer's separation from service. Within 14 calendar days after the end of the 409A Suspension Period, the Senior Officer shall be paid a lump sum payment in cash equal to any Specified Benefits delayed because of the preceding sentence, without interest. Thereafter, the Senior Officer shall receive any remaining payments or other benefits as if there had not been an earlier delay.

Examples of Specified Benefits in a sentence

Upon Resignation of Executive, Specified Benefits to which Executive was entitled immediately prior to Resignation shall continue on the same terms and conditions as provided in Paragraph 7(e) in the case of Termination (including equivalent payments provided for therein), and Post-Period Benefits shall be provided on the same terms and conditions as provided in Paragraph 7(e) in the case of Termination.
If you receive the Capped Benefit, you may determine the extent to which each of the Specified Benefits shall be reduced.
In the event of a Participant’s death, however, the Specified Benefits shall be paid to the Participant’s Beneficiary without regard to the 409A Suspension Period.
Upon Resignation of Executive, Specified Benefits to which Executive was entitled immediately prior to Resignation shall continue on the same terms and conditions as provided in Paragraph 7(e) in the case of Termination (including equivalent payments provided for therein).
You shall be entitled, in your sole discretion, to elect to receive either the Specified Benefits or the Capped Benefit.

More Definitions of Specified Benefits

Specified Benefits means, to the extent the Transferred Employee was a participant therein, (x) the 13 Employee Benefit Plans listed on Schedule 5.9 under the heading “Medical, surgical, hospitalization, life insurance and other “welfare” plans, funds or programs (within the meaning of Section 3(1) of ERISA)” and the 4 Employee Benefit Plans listed on Schedule 5.9 under the heading “Other employee benefit plans, funds, programs agreements or arrangements,” and (y) the Magic Brands, LLC 401(k) Plan. Nothing in this Agreement shall require the Purchaser to assume any Employee Benefit Plan or prevent the Purchaser from enacting other plans or benefits.

Specified Benefits means pensions, allowances, lump sums or other like benefits on retirement or on death or on (or following) leaving service with any Group member (other than as a result of retirement or death);

Specified Benefits means those community benefits requirements set out in Part One of the Community Benefit Project Plan.

Specified Benefits has the meaning set forth in Section 6.4(f).

Specified Benefits is defined in Section 7.2(b).

Specified Benefits shall have the meaning assigned to such term by the Agreements.

Specified Benefits has the meaning ascribed to it in Section 6.