Lump Sum Present Value definition

Lump Sum Present Value is defined in Section 3.3(a).
Sample 1Sample 2
Lump Sum Present Value shall have the meaning set forth in Section 3.2(a) hereof.
Sample 1Sample 2

Examples of Lump Sum Present Value in a sentence

  • Notwithstanding any other provision of this Agreement to the contrary, any Tax Benefit Payment, Lump Sum Present Value payment (to the extent payable in cash) or Early Termination Payment required to be made under this Agreement shall rank subordinate and junior in right of payment to any Senior Obligations and shall rank pari passu with all current or future unsecured obligations of the Corporation that are not Senior Obligations.

  • Lump Sum Present Value The discount rate used to calculate the lump sum present value of the Executive’s benefit shall be the rate for 30-year Treasury securities as published by the IRS on their website (http://www.irs.gov/retirement/article/0,,id=96450,00.html) for the latest month available at the time of the Executive’s retirement; provided that such rate shall not exceed 4.62% per annum (which was the rate in effect on April 6, 2010).

  • The Expert shall resolve any matter relating to the Exchange Basis Schedule or an amendment thereto, the Lump Sum Present Value calculation or the Early Termination Notice within 30 calendar days and shall resolve any matter relating to a Tax Benefit Schedule or an amendment thereto within 15 calendar days or as soon thereafter as is reasonably practicable, in each case after the matter has been submitted to the Expert for resolution.

  • To the extent that the applicable Supplemental Retirement Benefit is payable after the Calculation Date, the Lump Sum Present Value of such benefit will be credited with monthly interest for the period commencing on the Calculation Date and ending on the date(s) of distribution, using the 30-year Treasury bond with the closest maturity date (by month) preceding the date on which the interest is to be credited as quoted in the Wall Street Journal on the first business day of each month.

  • If, determined as of his Annuity Starting Date, the Lump Sum Present Value of a Participant's retirement benefits does not exceed $3,500, then a single payment of that Lump Sum Present Value to the Participant shall be made on his Annuity Starting Date.

  • The Expert shall resolve any matter relating to the Exchange Basis Schedule or an amendment thereto, the Lump Sum Present Value calculation or the Early Termination Schedule or an amendment thereto within 30 calendar days and shall resolve any matter relating to a Tax Benefit Schedule or an amendment thereto within 15 calendar days or as soon thereafter as is reasonably practicable, in each case after the matter has been submitted to the Expert for resolution.

  • If, determined as of the first day of the month next following the Participant's death, the Lump Sum Present Value of an annual Survivor's Benefit does not exceed $3,500, a single BENEFIT PLAN 1R.01 Kodak Retirement Income Plan November 1, 1995 Appendix I Page 46 of 73 lump sum distribution shall be made to the surviving spouse or dependent parent in an amount equal to that Lump Sum Present Value, with payment to be made on the first day of the month next following the Participant's death.

Related to Lump Sum Present Value

  • Remaining Present Value means, as of any date with respect to any lease, the present value as of such date of the scheduled future lease payments with respect to such lease, determined with a discount rate equal to a market rate of interest for such lease reasonably determined at the time such lease was entered into.

  • Present Value means the amount as of a date certain of one or more sums payable in the future, discounted to the date certain. The discount is determined by the interest rate specified by the parties if the rate was not manifestly unreasonable at the time the transaction was entered into; otherwise, the discount is determined by a commercially reasonable rate that takes into account the facts and circumstances of each case at the time the transaction was entered into.

  • Net Present Value means, as to a specified or ascertainable dollar amount, the present value, as of the date of calculation of any such amount using a discount rate equal to the Base Rate in effect as of the date of such calculation.

  • Actuarial equivalent means a benefit of equal value when

  • Discounted present value means the present value of future payments determined by discounting the payments to the present using the most recently published applicable federal rate for determining the present value of an annuity, as issued by the internal revenue service.

  • Actuarially Equivalent or "of equal actuarial value" means a benefit of equal value

  • Lump Sum means the total sum which will have become payable to the Contractor by the Principal upon completion of the Works.

  • Monthly Benefit means the monthly amount payable by Liberty to you if you are Disabled or Partially Disabled.

  • Lump Sum Payment means, collectively, the lump-sum payments that may be payable to Executive pursuant to the first sentence of Subsection 6(b)(iii) and pursuant to Subsection 6(c)(ii)(B).

  • Net Benefit means the present value of the Covered Payments net of all federal, state, local, foreign income, employment and excise taxes.

  • Supplemental Benefit means the monthly benefit payable to the Executive under this Agreement.

  • Annual Benefit means an annual sum of fifty thousand dollars ($50,000) multiplied by the Applicable Percentage (defined below) and then reduced to the extent required: (i) under the other provisions of this Agreement; (ii) by reason of the lawful order of any regulatory agency or body having jurisdiction over the Employer; and (iii) in order for the Employer to properly comply with any and all applicable state and federal laws, including, but not limited to, income, employment and disability income tax laws (eg., FICA, FUTA, SDI).

  • Actuarial valuation means a mathematical determination of

  • Normal Retirement Benefit means an annual benefit payment in the amount of Sixty-Six Thousand Three Hundred and Seventy-Three Dollars ($66,373.00) for a period of fifteen (15) years.

  • Termination Benefit means the benefit set forth in Article 7.

  • lump sum payment period means the period measured in weeks of salary, for which payment has been made to facilitate the transition to retirement or to other employment as a result of the implementation of various programs to reduce the size of the Public Service. The lump sum payment period does not include the period of severance pay, which is measured in a like manner.

  • Current Value shall have the meaning set forth in Section 11(a)(iii) hereof.

  • Supplemental Retirement Benefit means the benefit determined under Article V of this Plan.

  • Annual Benefit Limit means the maximum amount of benefits paid by the Company to the Policy Holder in a Policy Year irrespective of whether any limits of any benefit items stated in the Benefit Schedule have been reached. The Annual Benefit Limit is counted afresh in a new Policy Year.

  • Annual Contract Value or “ACV” means the net subscription fee for one (1) year as defined in the Order Form for a specific Customer.

  • Early Retirement Benefit means the retirement benefit payable to a member following early

  • Retirement Benefit means the benefit set forth in Article 5.

  • Projected Annual Benefit means the annual retirement benefit (adjusted to an actuarial equivalent straight life annuity if such benefit is expressed in a form other than a straight life annuity or Qualified Joint and Survivor Annuity) to which the Participant would be entitled under the terms of the Plan assuming:

  • Public benefit means making capital available, or facilitating the availability of capital, to businesses in this state that have 750 or fewer employees, the intent of which is to create or retain employment opportunities for residents of this state, stabilize or increase the tax base of this state, or support the redevelopment of facilities for use by small businesses.