Deferred Compensation Benefit definition

Deferred Compensation Benefit means Three Hundred Thirty-Five ($335.00) Dollars per month payable for a one hundred eighty (180) month period, such period to begin at Director’s Normal Retirement Date.

Deferred Compensation Benefit means that benefit which can be provided by annuitizing the Director's Retirement Account balance as of the Valuation Date immediately preceding the initial distribution date over a one hundred eighty (180) month period. A monthly interest factor of 1.075% shall be used to annuitize the account balance.

Deferred Compensation Benefit means the annuitized value of the Director’s Elective Contribution Account, measured as of the Director’s Benefit Age, payable in monthly installments throughout the Payout Period and commencing on the Director’s Benefit Eligibility Date.

Examples of Deferred Compensation Benefit in a sentence

• One (1) percent of employee’s base pay transferred from existing Deferred Compensation Benefit (A.2.3) to fund a City selected and contracted VEBA plan/vendor in mutual agreement between the parties.

• If an election to defer a higher amount is made and the required approval is obtained, the Deferred Compensation Benefit shall be increased proportionately, taking into account the timing and amount of such increased deferrals.

• The Director shall have the option, upon attaining his Normal Retirement Date, to elect to receive his Deferred Compensation Benefit, notwithstanding his continued service on the Board of Directors of the Association.

• In the event of the Director’s death while in the service of the Association and prior to commencement of the Deferred Compensation Benefit, the Association shall pay a Survivor’s Benefit for a period of one hundred eighty (180) months.

• So long as Executive remains employed by Employer hereunder, Executive shall be entitled to receive an annual deferred compensation credit of $800,000 (the "Deferred Compensation Benefit") under the Deferred Compensation Plan in respect of the Contract Year beginning on October 15, 2003 and each full (or partial) Contract Year occurring thereafter.

More Definitions of Deferred Compensation Benefit

Deferred Compensation Benefit means the annuitized value (using the Interest Factor) of the Director's Elective Contribution Account, measured as of the Director's Benefit Age, payable in monthly installments throughout the Payout Period and commencing on the Director's Benefit Eligibility Date.

Deferred Compensation Benefit means the amount determined in accordance with the provisions of Article IV of this Plan.

Deferred Compensation Benefit means with respect to each Deferral Period the deferrals and any earnings thereon credited to the Participant's Deferred Compensation Account.

Deferred Compensation Benefit means the benefit of a Participant as determined under Article IV of this Plan.

Deferred Compensation Benefit means the benefit payable from the Director's Elective Contribution Account, commencing on his Benefit Eligibility Date and payable over the Payout Period.

Deferred Compensation Benefit means any and all amounts (i) currently payable, (ii) which will become payable upon the execution, delivery and performance of this Agreement or the consummation of the transactions contemplated hereby or (iii) which will or may become payable thereafter, to any current or former employee of Seller, any current or former shareholders of Seller, the Shareholders or any other Person under any deferred compensation plan, program, agreement or similar arrangement to which Seller is a party or is otherwise bound, including any Taxes resulting from or in connection with any such payments.

Deferred Compensation Benefit means the annuitized value (using the Interest Factor) of the Executive’s Elective Contribution Account, measured as of the Executive’s Benefit Age, payable in monthly installments throughout the Payout Period and commencing on the Executive’s Benefit Eligibility Date.