Excess Benefits definition

Excess Benefits means the difference between (A) the amount of an Employee’s benefit under the Pension Plan computed without taking into consideration the limitation on benefits contained in Section 401(a)(17) and Section 415 of the Internal Revenue Code and computed as if “Compensation” as defined in the Pension Plan included amounts deferred under the Deferred Compensation Plan or the Deferred Compensation and Incentive Plan (or any successor plan to the Deferred Compensation and Incentive Plan) and (B) the amount of an Employee’s benefit actually computed under the Pension Plan.

Excess Benefits means the benefits described in this Plan.

Excess Benefits means the projected annual pension benefit, in the same normal form as in the Basic Pension Plan, payable on or after the Executive's Normal Retirement Date, as calculated and certified by the Actuary, which shall be determined as the excess of (a) over (b), where:

Examples of Excess Benefits in a sentence

• Accordingly, unless such requisite stockholder approval is obtained prior to the consummation of a Statutory Change of Control, Employee shall not be eligible for or entitled to receive the Excess Benefits.

• Neither the Company nor any Employer is required to segregate on its books or elsewhere any amount to be used to pay Excess Benefits, and no accounts will be maintained for Participants under the Plan.

• Rules applicable to both Supplemental Benefits and Excess Benefits are provided under this Section 3.

• The Company and Holding Company hereby covenant and agree that they will forthwith submit to the stockholders of the Company and the shareholders of Holding Company for a separate vote a proposal to approve, in compliance with the requirements of Section 280G(b)(5)(B) of the Code and proposed Treasury Regulation Section 1.280G-1, Q&A7, Employee's conditional right to receive the Excess Benefits.

• The Excess Benefits payable under this Plan shall be paid by the Company out of its general assets and shall not be funded in any manner.

More Definitions of Excess Benefits

Excess Benefits. Any District contribution remaining after being applied to benefits found in Item A shall be non-transferable to any other benefit and shall be forfeited.

Excess Benefits. Any District contribution remaining after being applied to benefits found in Subd. (a) Shall be non-transferable to any other benefit and shall be forfeited.

Excess Benefits means an excess benefit as defined in the Taxpayer Bill of Rights Act, 2, 26 U.S.C. 4958.

Excess Benefits means that portion of a Participant's Company Contribution Account comprised of the amounts that would have been contributed on his or her behalf under the Company's Tax-Qualified Retirement Plans without the limitations of Code Section 415.

Excess Benefits means benefits accrued by Participants in accordance with Article III of the Plan.

Excess Benefits means the monthly benefits payable under this Excess Plan at such time as the Participant’s monthly Pension Benefits are determinable under the Other Plan(s). Subject to Section 2.1, the Excess Benefits are calculated in the following manner:

Excess Benefits means the difference between;