Benefits Determiner definition

Benefits Determiner means a third party administrator or agent designated by the Committee.
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Benefits Determiner means a third party administrator or agent designated by the Committee. The Benefits Determiner shall calculate the Actuarial Equivalency of the Accrued Benefit payable to a Director or Beneficiary pursuant to Section III of the Plan, unless such amount is set forth in the Director’s Joinder Agreement.
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Benefits Determiner means financial Institutions Consulting Corporation, or its successor or assign.
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Examples of Benefits Determiner in a sentence

  • Trustee shall be entitled to rely conclusively on the written instructions of Bank, or in the event of a Change in Control, the Benefits Determiner, as to all tax reporting and withholding requirements.

  • In determining such value, the Trustee shall use such generally accepted methods and basis as the Trustee, in its discretion, shall deem advisable; provided, however, that the Trustee shall be entitled to request, receive and rely conclusively on the value of any insurance policy as set forth in documents or schedules provided to the Trustee by the issuer or Benefits Determiner.

  • In valuing any policy or contract issued by an insurance company, the Trustee may rely conclusively on any value placed thereon by the issuer thereof or the Benefits Determiner.

  • Except for its gross negligence in selecting a successor benefits determiner, the Trustee shall not be liable for any action or failure to act of the Benefits Determiner, for following any direction or instruction of the Benefits Determiner, or for the proper application of any part of the Trust if distributions are made in accordance with information provided to it by, or the directions of, the Benefits Determiner.

  • If the Executive is Totally and Permanently Disabled prior to Benefit Age, the Executive shall begin receiving the Disability Benefit in lieu of any benefit available under Section 3.3. The Disability Benefit shall equal the annuitized value (using the Interest Factor) of the Executive’s Accrued Benefit, which shall be calculated by the Benefits Determiner.

  • The Disability Benefit shall equal the annuitized value (using the Interest Factor) of the Executive’s Accrued Benefit, which shall be calculated by the Benefits Determiner.

  • Trustee shall not be required to determine the amount of such annuity and Trustee shall rely upon the annuity amount calculated by the Benefits Determiner without any verification of such calculation.

  • If the Executive dies after Termination of Employment due to Disability but before the commencement of such payments, the Executive’s Beneficiary shall be entitled to the Actuarial Equivalent of the Executive’s Accrued Benefit, which shall be calculated by the Benefits Determiner.

  • The Trustee's obligations hereunder shall be determined solely by the terms of this Trust Agreement and the directions of the Benefits Determiner given to it pursuant to the terms of this Trust.

  • The Trustee shall, in accordance with the written instructions of the Bank, or in the event of a Change in Control of the Bank, the written instructions of the Benefits Determiner (as defined in Article XIII), withhold and report any federal, state or local taxes that may be required to be withheld and reported with respect to the payment of benefits pursuant to the terms of the Benefit Plans and shall pay amounts withheld to the appropriate taxing authorities.


More Definitions of Benefits Determiner

Benefits Determiner means Financial Institutions Consulting Corporation, or its successors or assigns.
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Related to Benefits Determiner

  • Expert Determination the process described in Paragraph 6 of Schedule 8.3 (Dispute Resolution Procedure);

  • Adverse Benefit Determination means any of the following:

  • Standard of Conduct Determination shall have the meaning ascribed to it in Section 9(b) below.

  • Employment benefits means all benefits provided or made

  • Retirement board or "board" means the retirement system's governing board provided for in 2-15-1010.

  • Benefits Committee means the Employee Benefits Committee of Textron.

  • Claim for Benefits means a request for a Plan benefit or benefits made by a Member in accordance with the Plan’s Appeals Procedures, including any Pre-Service Claims (requests for Prior Authorization) and Post-Service Claims (requests for benefit payment).

  • Compensation Committee means the Compensation Committee of the Board.

  • Disability benefits means any cash payments which are payable to a covered individual for all or part of a period of disability pursuant to P.L.1948, c.110 (C.43:21-25 et al.).

  • Supervisory Board means the individual or group of individuals that

  • Accrued Professional Compensation means, at any given moment, all accrued, contingent and/or unpaid fees and expenses (including, without limitation, success fees) for legal, financial advisory, accounting and other services and reimbursement of expenses that are awardable and allowable under section 328, 330(a) or 331 of the Bankruptcy Code and were rendered before the Effective Date by any Retained Professional in the Chapter 11 Cases, or that are awardable and allowable under section 503 of the Bankruptcy Code, that have not been denied by a Final Order, all to the extent that any such fees and expenses have not been previously paid (regardless of whether a fee application has been filed for any such amount). To the extent that the Bankruptcy Court or any higher court denies or reduces by a Final Order any amount of a Retained Professional’s fees or expenses, then those reduced or denied amounts shall no longer constitute Accrued Professional Compensation.

  • Remuneration Committee means the remuneration committee of the Company;

  • 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;

  • Claim Determination Period means a calendar year. However, it does not include any part of a year during which a person has no coverage under This Plan, or any part of a year before the date this COB provision or a similar provision takes effect.

  • Negative Discretion means the discretion authorized by the Plan to be applied by the Committee to eliminate or reduce the size of a Performance Compensation Award consistent with Section 162(m) of the Code.

  • Coordination of Benefits or “COB” means a provision establishing an order in which plans pay their claims, and permitting secondary plans to reduce their benefits so that the combined benefits of all plans do not exceed total allowable expenses.

  • Severance Compensation means the compensation set forth in (i), (ii), and (iv) above.

  • Resource Adequacy Benefits means the rights and privileges attached to the Generating Facility that satisfy any Person’s resource adequacy obligations, as those obligations are set forth in any Resource Adequacy Rulings and shall include any local, zonal or otherwise locational attributes associated with the Generating Facility.