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Common use of Form of Benefit Clause in Contracts

Form of Benefit. The Participant’s Post-2004 Benefits shall be paid in the form of a cash lump sum. This lump sum payment shall equal the Actuarial Equivalent present value of his Post-2004 Benefits.

Appears in 4 contracts

Sources: Senior Executive Retirement Agreement (Crown Holdings Inc), Senior Executive Retirement Agreement (Crown Holdings Inc), Senior Executive Retirement Agreement (Crown Holdings Inc)

Related Clauses

  • Payment of Benefit
  • Distribution of Benefit
  • Payment of Benefits
  • Description of Benefits
  • Calculation of Benefits

Parent Clauses

  • Miscellaneous
  • Amount Form and Timing of Benefit
  • Supplemental Retirement Benefit
  • Payment of Account Balances
  • Severability

Sub-Clauses

  • Plans Subject to Annuity Requirements
  • Non-QJSA Profit-Sharing Plans
  • Lump Sum
  • Installment Payments
  • Guaranteed Period Option
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