Benefit Age definition

Benefit Age means the Executive's sixty-fifth (65th) birthday.

Benefit Age means the later of: (i) the Director's sixty-fifth (65th) birthday or (ii) the actual date the Director's full-time service with the Bank terminates.

Benefit Age shall be the birthday on which the Executive becomes eligible to receive benefits under the Plan. Such birthday shall be designated in the Executive's Joinder Agreement.

Examples of Benefit Age in a sentence

• Premium calculationPremium will be calculated based on the Plan, Daily Cash Benefit, Age, Policy Tenure, Optional Covers and Maximum Coverage Limit selected.VI.17 Loadings & Special Conditions We may apply a risk loading on the premium payable (excluding statutory levies and taxes) on the Policy based upon the health status of the persons proposed for insurance and declarations made in the Proposal Form.Maximum loading applicable per Medical Condition/Diagnosis shall notexceed 100%.

• Retiree Lives Type of Benefit Payment Number Annual BenefitsGroup Averages Benefit Age Retirees and Beneficiaries 64,445 $892,999,525 $13,857 This valuation also includes 89,794 inactive members eligible for a contribution refund only (including 39,142 members reported separately who had completed one or more years of service before terminating).

• Applicants shall not be within three (3) years of full retirement or Social Security Benefit Age.

• Tier 2 pension If you are assessed as being unable to do regular employment of like duration you will be entitled to the retirement benefits you have earned to date enhanced by 2/3rds of your prospective membership up to reaching the Scheme’s Normal Benefit Age.

• Early Retirement Benefit Age 55 with at least 15 years of service.

More Definitions of Benefit Age

Benefit Age shall be the birthday on which the Director becomes eligible to receive benefits under the plan. Such birthday shall be designated in the Director's Joinder Agreement.

Benefit Age means the later of: (i) the Executive's sixty-fifth (65th) birthday or (ii) the actual date the Executive's full-time service with the Bank terminates. Notwithstanding the above, if the Executive is employed by the Bank on his Early Retirement Age and elects to retire on or after the attainment of his Early Retirement Age but before Normal Retirement Age, "Benefit Age" shall mean the later of: (i) the Executive's sixtieth (60th) birthday or (ii) the actual date of the Executive's retirement.

Benefit Age means the later of: (i) the Executive's sixtieth (60th) birthday or (ii) the actual date of the Executive's retirement.

Benefit Age shall be the later of (i) the date of termination of employment with the Bank, or (ii) age 55. My monthly “Supplemental Retirement Income Benefit” as granted by the Administrator under this Joinder Agreement #3 shall be $1,083.33. The “Payout Period” shall be 180 months. In general, I understand that my receipt (or my Beneficiary’s receipt) of the Supplemental Retirement Income Benefit (or Survivor’s Benefit) under this Joinder Agreement #3 shall be subject to all provisions of the Master Agreement including Sections 2.1, 2.3, 2.4 and 2.6. I understand that I will vest in the Supplemental Retirement Income Benefit described and provided in this Joinder Agreement #3 at the rate of 1/3 thereof on each of June 30, 1998, December 31, 1998 and June 30, 1999, and I will nevertheless be 100% vested in my Supplemental Retirement Income Benefit under this Joinder Agreement #3 if I should die or become disabled prior to any vesting date while employed by the Bank. I hereby designate the following individuals as my “Beneficiary” of the benefits provided under this Joinder Agreement #3 and I am aware that I can subsequently change such designation by submitting to the Administrator, at any subsequent time, and in substantially the form attached hereto as Exhibit A, a written designation of the primary and secondary Beneficiaries to whom payment shall be made in the event of my death prior to complete distribution of the benefits under this Joinder Agreement #3. I understand that any Beneficiary designation made subsequent to execution of this Joinder Agreement #3 shall become effective only when receipt thereof is acknowledged in writing by the Administrator.

Benefit Age means the Executive’s sixty-fifth (65th) birthday provided, however, that another date may be chosen upon mutual agreement between the Executive and the Bank’s Board of Directors.

Benefit Age shall be the birthday on which the Executive becomes eligible to receive the maximum Supplemental Retirement Income Benefit under the Plan.

Benefit Age means the date set forth in each Executive’s Participation Agreement