Monthly Benefit Amount Sample Clauses

Monthly Benefit Amount. Subject to the provisions of the Vesting Percentage paragraph below, the amount of the Director's monthly benefit under this paragraph shall be equal to the vested portion of the amount shown in the following table for the Anniversary Year immediately preceding the Director's Termination of Service: Anniversary Year Monthly Benefit 1 116.58 2 224.17 3 323.50 4 415.25 5 500.00 6 n/a 7 n/a 8 n/a 9 n/a 10 n/a 11 n/a 12 n/a 13 n/a 14 n/a 15 n/a B. Vesting Percentage. The amount of the Director's benefit under this paragraph shall be equal to the vested portion of the amount determined under the Percentage Of Compensation Benefit paragraph, above, as determined by the Director's Years of Service as of the Director's Termination of Service according to the following table: 100% vested immediately
Sample 1Sample 2See All (7)
AutoNDA by SimpleDocs
Monthly Benefit Amount. The Company will pay the Participant each month an amount that is equal to 32.5% of the Participant's Average Annual Compensation divided by 12.
Sample 1Sample 2
Monthly Benefit Amount. Subject to the provisions of the Vesting Percentage paragraph below, the amount of the Director's monthly benefit under this paragraph shall be equal to the vested portion of the amount shown in the following table for the Anniversary Year immediately preceding the Director's Termination of Service: Anniversary Year Monthly Benefit 1 54.92 2 105.67 3 152.50 4 195.75 5 235.67 6 272.50 7 306.58 8 338.00 9 367.00 10 393.83 11 418.58 12 441.42 13 462.50 14 482.00 15 500.00
Sample 1
Monthly Benefit Amount. Insured may choose amounts, subject to the following: • Minimum monthly benefit is $400. • Maximum monthly benefit is c $3,000; -or- c $5,000; -or- c $ (insert maximum from proposal) Insured’s maximum monthly benefit may not exceed 60% of his/her Monthly Earnings, as defined in the policy. • The monthly benefit in CA, HI, NJ and RI varies due to state Disability income plan.
Sample 1
Monthly Benefit Amount. The Longer of:
Sample 1
Monthly Benefit Amount. For purposes of this Agreement, the "Monthly Benefit Amount" means one-twelfth (1/12) of Employee's annual base salary as established and in effect as of the Termination Date (unless such base salary in effect as of the date of the Change of Control is greater, in which event the latter will apply)
Sample 1

Related to Monthly Benefit Amount

  • Death Benefit Amount The Death Benefit Amount as of any Business Day prior to the Annuity Date is equal to the greater of:

  • Accrued Benefit 1.05 1.16 Nonforfeitable ............................................. 1.05 1.17 Plan Year/Limitation Year .................................. 1.05 1.18 Effective Date ............................................. 1.05 1.19 Plan Entry Date ............................................ 1.05 1.20

  • Net Benefit A Net Benefit for a particular fund or, in the case of a multi-class fund, a class results when aggregate Benefits exceed aggregate Losses (i.e., net redemptions on a day the fund’s or class’s NAV is understated or net subscriptions on a day the fund’s or class’s NAV is overstated) during the Error Period.

  • 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.

  • VALUE OF PARTICIPANT'S ACCRUED BENEFIT If a distribution (other than a distribution from a segregated Account) occurs more than 90 days after the most recent valuation date, the distribution will include interest at: (Choose (a), (b) or (c))

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

  • Post-Retirement Benefits The present value of the expected cost of post-retirement medical and insurance benefits payable by the Borrower and its Subsidiaries to its employees and former employees, as estimated by the Borrower in accordance with procedures and assumptions deemed reasonable by the Required Lenders is zero.

  • Early Retirement Benefit If the Executive terminates employment after the Early Retirement Date but before the Normal Retirement Date, and for reasons other than death or Disability, the Bank shall pay to the Executive the benefit described in this Section 2.2.

  • Normal Retirement Benefit Upon Termination of Employment on or after the Normal Retirement Age for reasons other than death, the Company shall pay to the Executive the benefit described in this Section 2.1 in lieu of any other benefit under this Agreement.

  • Death Benefit Should Employee die during the term of employment, the Company shall pay to Employee's estate any compensation due through the end of the month in which death occurred.

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