Supplemental Retirement Benefit definition

Supplemental Retirement Benefit means the benefit payable to a Participant pursuant to this Plan by reason of his termination of employment with the Company and all Affiliates for any reason other than death.
Supplemental Retirement Benefit means the benefit determined under Article V of this Plan.
Supplemental Retirement Benefit will mean the lump sum actuarial equivalent of the aggregate retirement benefit the Executive would have been entitled to receive under the Company’s supplemental and other retirement plans, including the General Dynamics Corporation Retirement Plan for Salaried Employees (the “Pension Plan”), and if applicable, an individual retirement benefit agreement with the Company or any of its Subsidiaries. For purposes of the foregoing, the “actuarial equivalent” will be determined in accordance with the actuarial assumptions used for the calculation of benefits under the Pension Plan as applied immediately prior to the Termination Date in accordance with past practices.

Examples of Supplemental Retirement Benefit in a sentence

  • The Executive shall be entitled to receive such Supplemental Retirement Benefit without regard to whether the Executive has attained age 55 or completed five years of “Service” (as defined in the SERP) as of the Date of Termination.

  • Such Supplemental Retirement Benefit shall be determined by crediting the Executive with additional months of Service (if any) equal to the number of full calendar months from the Date of Termination to the date on which the Executive would have attained age 62.

  • The Executive’s Supplemental Retirement Benefit shall be calculated based on the Executive’s actual age as of the date of commencement of payment of such Supplemental Retirement Benefit (the “SERP Distribution Date”), and by applying the applicable early retirement factors under the SERP, if the Executive has not attained age 62 but has attained age 55 as of the SERP Distribution Date.

  • The Executive shall be treated as qualified for “Retirement” (as defined in the SERP) as of the Date of Termination, and the Executive’s Vesting Factor with respect to the Supplemental Retirement Benefit shall be 100%.

  • The Supplemental Retirement Benefit paid to or on behalf of the Executive in accordance with this Section 5(c) shall be in full satisfaction of any and all of the benefits payable to or on behalf of the Executive under the SERP.


More Definitions of Supplemental Retirement Benefit

Supplemental Retirement Benefit means the basic retirement benefit determined under Article IV of this Plan.
Supplemental Retirement Benefit means the Executive's benefit under this Agreement.
Supplemental Retirement Benefit means the benefit to be paid as described and pursuant to the calculations set out in Section 2 herein.
Supplemental Retirement Benefit means payments, as calculated in accordance with WAC 131-16-061, ((made by the state board)) to an eligible retired participant or desig- nated beneficiary whose retirement benefits provided by the plan do not attain the level of the retirement benefit goal established by WAC 131-16-015.
Supplemental Retirement Benefit means the deferred compensation retirement benefit determined pursuant to Article 6.
Supplemental Retirement Benefit means the supplemental retirement benefit to be paid to a Part B Participant pursuant to Article III and other applicable provisions of Part B of the Plan.
Supplemental Retirement Benefit means the benefit payable to a Participant pursuant to Section 3.1 or 3.2 of the Plan by reason of his separation from service with the