Normal Form of Benefit definition

Normal Form of Benefit means the form of benefit described in Section 4.2.

Normal Form of Benefit means the Form of Benefit for a Deferred Participant provided in the accompanying exhibit.

Normal Form of Benefit means (a) a single life annuity for the life of the Participant, in the case of a Key Executive who became a Participant on or after July 23, 1998, and (b) a joint and 50% survivor annuity, in the case of a Key Executive who became a Participant before July 23, 1998.

Examples of Normal Form of Benefit in a sentence

• The "Normal Retirement Benefit" payable to a Retired Participant pursuant to this Plan Section5.1 shall be a pension commencing on the Participant's Retirement Date and continuing for the period specified by the Employer as the Normal Form of Benefit in the Adoption Agreement.

• Normal Form of Benefit: The normal form of benefit is a ten (10) year certain and life annuity.

• Unless you elect otherwise at the time you retire or enter the DROP, your pension is payable in the Normal Form of Benefit which is a 10-Year Certain & Life Annuity.

• The offset from a defined contribution plan is the account balance converted to the Normal Form of Benefit payable at Normal Retirement Date (or attained age, if later) using the actuarial assumptions of this Plan.

• Recently, due to the COVID-19 pandemic and subsequent economic shutdowns, greenhouse gas emissions have dropped about 6 percent, however, this will not last long.

More Definitions of Normal Form of Benefit

Normal Form of Benefit means a joint and 50% survivor annuity if the Participant is married at the time benefits under this Supplement first commence, and a single life annuity if the Participant is unmarried as of such time.

Normal Form of Benefit means an annuity expressed as a ten year certain annuity (no life thereafter). In addition, the Affected Members shall also be permitted to elect a lump sum option on the value of the annuity at his Retirement Date.

Normal Form of Benefit means the same form of benefit payment, the same benefit commencement date, and the same beneficiary as elected by an Eligible Employee under the Goodrich Retirement Plan.

Normal Form of Benefit means a single lump sum payment. Distributions representing salary deferrals and the vested cash portion of employer matching contributions will be made in cash. Distributions representing the vested Company stock portion of Employer Matching Contributions, the Company stock portion of Voluntary Salary Deferral

Normal Form of Benefit means a life annuity unless the Participant was designated a Participant in this Plan prior to July 23, 1998, in which case the Normal Form of Benefit shall be a Joint and 50% Survivor annuity.

Normal Form of Benefit means a single lump sum payment of the Participant’s vested accounts. Notwithstanding the foregoing, pursuant to Treasury Regulation Section 1.411(d)-4, Q&A-2, (d)(1)(i) relating to Employer Securities that are not readily tradable on an established market, the Company retains the discretion to eliminate the lump sum distribution form with respect to Employer Securities that are not readily tradable on an established market, if any. To the extent the Company, in accordance with this Section 5.2(a), eliminates the lump sum distribution form, the remaining forms of benefit must be consistent with the distribution rules of Code Section 409(o), must apply equally to all Participants, and must apply to all undistributed Plan benefits.

Normal Form of Benefit means a bi-weekly pension commencing on the Employee's Annuity Starting Date, and paid on each regular payroll date of the Employee thereafter, terminating with the payment made on the last regular payroll date in the month of the Employee's death. The first payment made on the Annuity Starting Date should be equal to the total of the bi-weekly pension payments that the Employee would have received if a payment had been made starting with the first payroll date of the second month following the month in which the Employee's Termination of Employment occurred, through the Annuity Starting Date, or, in effect, a catch up payment. No death benefit is payable under the Normal Form.