Total Pension Benefit definition

Total Pension Benefit means on retirement from the Company at age 62 a yearly pension equal to 66.67% of his Basic Salary plus 33.33% of his Bonus, less his Retained Benefits.
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Total Pension Benefit means, the total pension benefit payable under the Corporation's qualified Pension Plan as follows:
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Examples of Total Pension Benefit in a sentence

  • In the event of major acquisitionsjudgements about the discount rate, future growth, profitability and investment levels.

  • In the model (3-3), the Total Pension Benefit accounts for both the average pension and length of retirement.

  • Debt to Your Total Pension Benefit - This option allows you to pay for the purchase through anactuarial reduction of your total pension benefit.

  • How Your Total Pension Benefit Will Be Determined Beginning October 1, 2009 The benefits you have earned to date and will earn through September 30, 2009, will not be affected in any way by the changes being made to the Plan.

  • Total Pension Benefit Obligation$3,842,602$3,460,259$1,260,574% of Total Pension Benefit Obligation100.00%100.00%32.81%FUNDING STATUS AT FAIR VALUE OF ASSETSB.

  • A Participant’s Supplemental Benefit shall be the amount (if any) by which the Total Pension Benefit exceeds the Participant’s Retirement Plan Benefit.

  • On the other hand, the surface brightness does not necessarily resem- ble the real physical gas structure.

Related to Total Pension Benefit

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

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

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

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

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

  • Actuarial equivalent means a benefit of equal value when

  • 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.

  • 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.

  • Net Benefit means the present value of the Covered Payments net of all federal, state, local, foreign income, employment and excise taxes.

  • state pension credit means state pension credit under the State Pension Credit Act 2002;

  • Annual Benefit Limit means the maximum amount of benefits paid by the Company to the Policy Holder in a Policy Year irrespective of whether any limits of any benefit items stated in the Benefit Schedule have been reached. The Annual Benefit Limit is counted afresh in a new Policy Year.

  • Disability Benefit means the benefit set forth in Article 8.

  • Change in Control Benefit means the benefit described in Section 2.4.

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

  • war pension means a war disablement pension, a war widow’s pension or a war widower’s pension;

  • 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;

  • Lifetime Benefit Limit means the maximum amount of benefits paid by the Company to the Policy Holder cumulatively since the inception of these Terms and Benefits, irrespective whether any limits of any benefit items stated in the Benefit Schedule have been reached or whether the Annual Benefit Limit in a Policy Year has been reached.

  • Canadian Defined Benefit Pension Plan means a Canadian Pension Plan that contains or has ever contained a “defined benefit provision” as such term is defined in Section 147.1(1) of the Income Tax Act (Canada).

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

  • 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.

  • Annual Benefit means an annual sum of fifty thousand dollars ($50,000) multiplied by the Applicable Percentage (defined below) and then reduced to the extent required: (i) under the other provisions of this Agreement; (ii) by reason of the lawful order of any regulatory agency or body having jurisdiction over the Employer; and (iii) in order for the Employer to properly comply with any and all applicable state and federal laws, including, but not limited to, income, employment and disability income tax laws (eg., FICA, FUTA, SDI).

  • Pension Benefit Plan means at any time any employee pension benefit plan (including a Multiple Employer Plan, but not a Multiemployer Plan) which is covered by Title IV of ERISA or is subject to the minimum funding standards under Section 412 of the Code and either (i) is maintained by any member of the Controlled Group for employees of any member of the Controlled Group; or (ii) has at any time within the preceding five years been maintained by any entity which was at such time a member of the Controlled Group for employees of any entity which was at such time a member of the Controlled Group.

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

  • Maximum Benefit means the maximum benefit amount of each of the benefits covered under this Policy as stated in the Schedule of Benefits.

  • occupational pension means any pension or other periodical payment under an occupational pension scheme but does not include any discretionary payment out of a fund established for relieving hardship in particular cases;

  • qualifying age for state pension credit means (in accordance with section 1(2)(b) and (6) of the State Pension Credit Act 2002)—