Amount of Disability Benefit Sample Clauses

Amount of Disability Benefit. The Disability Benefit under this Section 2.3 is 100% of the Normal Retirement Benefit.
AutoNDA by SimpleDocs
Amount of Disability Benefit. The Disability Benefit is one hundred percent (100%) of the Accrual Balance determined as of the end of the month preceding Termination of Employment.
Amount of Disability Benefit. The Disability Benefit under this Section 2.3 is the amount listed in Schedule A determined as of the Plan Year completed immediately prior to the Executive’s Termination of Employment.
Amount of Disability Benefit. Upon the determination of such Participant's eligibility for disability benefits, hereunder, he/she shall receive yearly disability benefits equal in amount to 60% of his/her basic annual rate of pay as shown on his/her yearly contract then in effect less any wages paid from worker's compensation or from the Town or its insurer for police personnel heart disease or hypertension disability under Sec. 7-433c of the Connecticut General Statutes, Revision of 1958, as amended. Such benefits shall be payable directly from the pension fund and shall be payable monthly commencing on the first of the month following the determination of such disability. Xxxxx agrees to consider a new package for disability insurance as presented by the Town's experts.
Amount of Disability Benefit. The Disability Benefit under this Section 2.3 is 100% of the accrued liability listed on Schedule A (for each Month of Service in a partial year, the accrued liability in the year of Termination of Employment will be increased as follows [the annual increase in the accrued liability divided by twelve (12) times the number of Months of Service]), determined as of the date of Termination of Employment.
Amount of Disability Benefit. The Disability Benefit under this Section 2.3 is the Disability Annual Benefit amount set forth in Schedule A for the Plan Year ending immediately prior to the date in which the Termination of Employment occurs plus the additional amount set forth in Section 2.3.3. Commencing on the first anniversary of the first benefit payment, and continuing on each subsequent anniversary, the annual benefit shall increase by the Consumer Price Index.
Amount of Disability Benefit. If Executive should become Substantially Disabled {as. defined in Subsection 4(c) below) while he continues to be employed by the Bank and Executive's employment with the Bank is subsequently terminated by the Bank as a result of the disability prior to his Payment Commencement Date, then the Bank shall pay to Executive a Disability Benefit equal to either:
AutoNDA by SimpleDocs
Amount of Disability Benefit. Subject to adjustment under Section 6.05 of this Act, the disability retirement benefit payable to a member is the normal service retirement benefit described by Section 5.04 of this Act, but not less than the member would have received after 20 years of service credit.
Amount of Disability Benefit 

Related to Amount of Disability Benefit

  • Amount of Benefit The annual benefit under this Section 3.1 is the Normal Retirement Benefit amount described in Section 2.1.1.

  • Retirement Benefit Should the Director still be in the Directorship ------------------ of the Association upon attainment of his 70th birthday, the Association will commence to pay him $590 per month for a continuous period of 120 months. In the event that the Director should die after becoming entitled to receive said monthly installments but before any or all of said installments have been paid, the Association will pay or will continue to pay said installments to such beneficiary or beneficiaries as the Director has directed by filing with the Association a notice in writing. In the event of the death of the last named beneficiary before all the unpaid payments have been made, the balance of any amount which remains unpaid at said death shall be commuted on the basis of 6 percent per annum compound interest and shall be paid in a single sum to the executor or administrator of the estate of the last named beneficiary to die. In the absence of any such beneficiary designation, any amount remaining unpaid at the Director's death shall be commuted on the basis of 6 percent per annum compound interest and shall be paid in a single sum to the executor or administrator of the Director's estate.

Time is Money Join Law Insider Premium to draft better contracts faster.