Common use of CURRENT ACCRUED BENEFIT Clause in Contracts

CURRENT ACCRUED BENEFIT. If the Participant accrued benefits in one or more Defined Benefit Plans maintained by the Employer which were in existence on May 5, 1986, the dollar limitation used in the denominator of this fraction shall not be less than the Participant's current accrued benefit. A Participant's current accrued benefit is the sum of the annual benefits under such defined benefit plans which the Participant had accrued as of the end of the 1986 Limitation Year (the last Limitation Year beginning before January 1, 1987), determined without regard to any change in the terms or conditions of the Plan made after May 5, 1986 and without regard to any cost of living adjustment occurring after May 5, 1986. This current accrued benefit rule applies only if the Defined Benefit Plans individually and in the aggregate satisfied the requirements of Code 415 as in effect at the end of the 1986 Limitation Year.

CURRENT ACCRUED BENEFIT. If the Participant accrued benefits in one or more Defined Benefit Plans defined benefit plans maintained by the Employer which were in existence on May 56, 1986, the dollar limitation used in the denominator of this fraction shall will not be less than the Participant's current accrued benefit’s Current Accrued Benefit. A Participant's current accrued benefit ’s Current Accrued Benefit is the sum of the annual benefits under such defined benefit plans which the Participant had accrued as of the end of the 1986 Limitation Year (the last Limitation Year beginning before January 1, 1987), determined without regard to any change in the terms or conditions of the Plan defined benefit plan made after May 5, 1986 1986, and without regard to any cost of living adjustment occurring after May 5, 1986. This current accrued benefit Current Accrued Benefit rule applies only if the Defined Benefit Plans defined benefit plans individually and in the aggregate satisfied the requirements of Code §415 as in effect at the end of the 1986 Limitation Year.

CURRENT ACCRUED BENEFIT. If the Participant accrued benefits in one or more Defined Benefit Plans defined benefit plans maintained by the Employer which were in existence on May 56, 1986, the dollar limitation used in the denominator of this fraction shall will not be less than the Participant's current accrued benefitCurrent Accrued Benefit. A Participant's current accrued benefit Current Accrued Benefit is the sum of the annual benefits under such defined benefit plans which the Participant had accrued as of the end of the 1986 Limitation Year (the last Limitation Year beginning before January 1, 1987), determined without regard to any change in the terms or conditions of the Plan defined benefit plan made after May 5, 1986 1986, and without regard to any cost of living adjustment occurring after May 5, 1986. This current accrued benefit Current Accrued Benefit rule applies only if the Defined Benefit Plans defined benefit plans individually and in the aggregate satisfied the requirements of Code §415 as in effect at the end of the 1986 Limitation Year.

CURRENT ACCRUED BENEFIT. If the Participant accrued benefits in one or more Defined Benefit Plans defined benefit plans maintained by the Employer which were in existence on May 56, 1986, the dollar limitation used in the denominator of this fraction shall will not be less than the Participant's current accrued benefitCurrent Accrued Benefit. A Participant's current accrued benefit Current Accrued Benefit is the sum of the annual benefits under such defined benefit plans which the Participant had accrued as of the end of the 1986 Limitation Year (the last Limitation Year beginning before January 1, 1987), determined without regard to any change in the terms or conditions of the Plan made after May 5, 1986 1986, and without regard to any cost of living adjustment occurring after May 5, 1986. This current accrued benefit Current Accrued Benefit rule applies only if the Defined Benefit Plans defined benefit plans individually and in the aggregate satisfied the requirements of Code §415 as in effect at the end of the 1986 Limitation Year.

CURRENT ACCRUED BENEFIT. If the Participant accrued benefits in one or more Defined Benefit Plans defined benefit plans maintained by the Employer which were in existence on May 56, 1986, the dollar limitation used in the denominator of this fraction shall will not be less than the Participant's current accrued benefitCurrent Accrued Benefit. A Participant's current accrued benefit Current Accrued Benefit is the sum of the annual benefits under such defined benefit plans which the Participant had accrued as of the end of the 1986 Limitation Year (the last Limitation Year beginning before January 1, 1987), determined without regard to any change in the terms or conditions of the Plan defined benefit plan made after May 5, 1986 1986, and without regard to any cost of living adjustment occurring after May 5, 1986. This current accrued benefit Current Accrued Benefit rule applies only if the Defined Benefit Plans defined benefit plans individually and in the aggregate satisfied the requirements of Code 415 ss.415 as in effect at the end of the 1986 Limitation Year.

CURRENT ACCRUED BENEFIT. If the Participant accrued benefits in one ----------------------- or more Defined Benefit Plans maintained by the Employer which were in existence on May 5, 1986, the dollar limitation used in the denominator of this fraction shall not be less than the Participant's current accrued benefit. A Participant's current accrued benefit is the sum of the annual benefits under such defined benefit plans which the Participant had accrued as of the end of the 1986 Limitation Year (the last Limitation Year beginning before January 1, 1987), determined without regard to any change in the terms or conditions of the Plan made after May 5, 1986 and without regard to any cost of living adjustment occurring after May 5, 1986. This current accrued benefit rule applies only if the Defined Benefit Plans individually and in the aggregate satisfied the requirements of Code (S) 415 as in effect at the end of the 1986 Limitation Year.

CURRENT ACCRUED BENEFIT. If the Participant accrued benefits in one or more Defined Benefit Plans defined benefit plans maintained by the Employer which were in existence on May 56, 1986, the dollar limitation used in the denominator of this fraction shall will not be less than the Participant's current accrued benefitCurrent Accrued Benefit. A Participant's current accrued benefit Current Accrued Benefit is the sum of the annual benefits under such defined benefit plans which the Participant had accrued as of the end of the 1986 Limitation Year (the last Limitation Year beginning before January 1, 1987), determined without regard to any change in the terms or conditions of the Plan made after May 5, 1986 1986, and without regard to any cost of living adjustment occurring after May 5, 1986. This current accrued benefit Current Accrued Benefit rule applies only if the Defined Benefit Plans defined benefit plans individually and in the aggregate satisfied the requirements of Code Section 415 as in effect at the end of the 1986 Limitation Year.