Total Offset Amount definition

Total Offset Amount is the total of all amounts paid or payable as described in subsections (a) through (h) of this Section 3 (collectively, the "Total Offset Amount") attributable to Company contributions or accruals, whether made before or after the date of this Supplement.
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Examples of Total Offset Amount in a sentence

  • The "Preliminary Annuity Amount" is the amount of the life annuity (assuming payments to the Executive of equal semi-annual installments commencing on the first day of the sixth month following the Applicable Calculation Date and continuing every six (6) months thereafter until the Executive's death) that can be purchased using the Total Offset Amount (as hereinafter defined).

  • If the Executive makes such an election and the election results in the utilization by Equitable of any portion of the Policy Value to fund such an annuity having survivor benefits, the Company shall adjust its calculation of the Total Offset Amount as provided in the following two sentences.

  • The investment direction referred to in this subsection (i) shall not apply to any amounts that are not included in the Total Offset Amount, such as the Executive's pre-tax deferrals under the Top-Hat and Savings Plans.