Supplemental 401(k) Plan Benefit definition

Supplemental 401(k) Plan Benefit means the benefit provided by this BEP and the Frozen BEP under Section 3.2(a), based on limitations, imposed by the Code, on the level of compensation that may be contributed by Participants to the 401(k) Plan. In particular, the Supplemental 401(k) Plan Benefit shall be a benefit equal to the amount contributed to the BEP by the Participants, and earnings thereon, both in accordance with Section 3.2(a) of this BEP.
Sample 1

Examples of Supplemental 401(k) Plan Benefit in a sentence

  • The Supplemental 401(k) Plan Benefit provided for in Section 3.1(a) shall be paid commencing upon Termination of Service to the Participant or his designated beneficiary in the manner and for the period as the Participant shall have elected with respect to his benefit under the 401(k) Plan.

  • NOTE−Priority handling may be requested by the pilot, or via telephone from CARCAH or the 53rd Weather Reconnais- sance Squadron (53WRS) operations center personnel, or in the remarks section of the flight plan.REFERENCE−FAAO 7110.65, Weather Reconnaissance Flights, Para 9−3−18.

  • The Bank will establish a memorandum account, maintained as a Supplemental 401(k) Plan Benefit Account for such Participant on the Bank's books, which will be credited with the amount of such contributions.

  • In particular, the Supplemental 401(k) Plan Benefit shall be a benefit equal to the amount contributed to the Bank by the Participants, and earnings thereon, both in accordance with Section 3.2 of this SERP.

  • Each Participant’s Supplemental 401(k) Plan Benefit shall be equal to the excess of the annual benefit to which the Participant would have been entitled under the 401(k) Plan if the Compensation Dollar Limit or the Annual Additions Dollar Limit did not apply.

  • In addition, each Participant who is employed by the Employer on the Effective Date shall receive a special, one-time contribution to his or her Supplemental 401(k) Plan Benefit which shall be equal to the excess of the annual benefit to which the Participant would have been entitled under the 401(k) Plan for 2007, if the Compensation Dollar Limit or the Annual Additions Dollar Limit for 2007 did not apply.

  • A Participant's Supplemental 401(k) Plan Benefits shall be paid as a cash lump sum within 90 days after the Participant's Separation from Service; provided, however, that, to the extent the Participant's Supplemental 401(k) Plan Benefit is invested in Company common stock, such amount shall be paid to the Participant in the form of Company common stock.

  • For purposes of determining a Participant’s Supplemental 401(k) Plan Benefit hereunder, such benefit shall be reduced and offset by the amount of the Supplemental 401(k) Plan Benefit payable to the Participant under the Frozen BEP.

  • Supplemental 401(k) Plan Benefit means the benefit provided by this -------------------------------- SERP based on limitations, imposed by the Code, on the level of savings which may be contributed by Participants under the 401(k) Plan.

  • All amounts credited to a Participant's Supplemental 401(k) Plan Benefit Account shall be credited with interest at a rate equal to the aggregate weighted return provided to the Participant's Account under the 401(k) Plan.

Related to Supplemental 401(k) Plan Benefit

  • Supplemental Benefit means the monthly benefit payable to the Executive under this Agreement.

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

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

  • Supplemental Plan means a written plan for a child outlining the agency's plan to locate a permanent placement for the child and which may be developed concurrently with the case plan.

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

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

  • 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.

  • 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.

  • 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.

  • Thrift Plan means the Financial Institutions Thrift Plan, a qualified and tax-exempt defined contribution plan and trust under Sections 401(a) and 501(a) of the Code, as adopted by the Bank.

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

  • 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.

  • 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.

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

  • Qualified Plan means a Pension Plan that is intended to be tax-qualified under Section 401(a) of the IRC.

  • 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;

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

  • 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.

  • Pension Benefit means a pension, annuity, gratuity or similar allowance which is payable—

  • 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.

  • Retired Participant means a person who has been a Participant, but who has become entitled to retirement benefits under the Plan.

  • Company 401(k) Plan has the meaning set forth in Section 6.4(e).

  • retirement annuity contract means a contract or scheme approved under Chapter III of Part XIV of the Income and Corporation Taxes Act 1988;

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

  • Company Pension Plan means each: (a) Company Employee Plan that is an “employee pension benefit plan,” within the meaning of Section 3(2) of ERISA; or (b) other occupational pension plan, including any final salary or money purchase plan.