Standard Benefit definition

Standard Benefit means any amounts earned, accrued or owing to the Executive but not yet paid, and receipt of other benefits, if any, in accordance with applicable plans and programs of Holding, the Company or a Subsidiary, provided, however, that in no event shall the Standard Benefit be deemed to include any bonus payments.
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Standard Benefit means the monthly benefit calculated for normal retirement, early
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Standard Benefit means, for a Participant:
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Examples of Standard Benefit in a sentence

  • A teacher who elects to receive the Standard Benefit is not eligible to receive 3 the Enhanced Benefit.


More Definitions of Standard Benefit

Standard Benefit. A teacher terminating employment after having reached the age of 55 or 43 older, be vested in the Minnesota Teachers Retirement Association (TRA) and having served the School 44 District for five (5) years or more shall, upon retirement, receive a $4,500 deposit in July of each year into an 45 HCSP administered by MSRS until age 65. This deposit will not occur or be prorated in a year in which a 46 teacher is employed by the School District for all or part of the year following their retirement. This deposit 47 will be prorated in the year in which the teacher turns age 65.
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Related to Standard Benefit

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

  • 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;

  • Accrued Benefit have the meanings specified in ERISA.

  • Death Benefit means the insurance amount payable under the Certificate at death of the Insured, subject to all Certificate provisions dealing with changes in the amount of insurance and reductions or termination for age or retirement. It does not include any amount that is only payable in the event of Accidental Death.