Common use of Lump Sum Benefit Clause in Contracts

Lump Sum Benefit. The amount of the death benefit shall be equal to a multiple of fifty (50) of the Participant’s monthly Pension benefit as of the Participant’s Benefit Commencement Date subject to the maximum amount specified in Section 9.03 of the Plan.

Appears in 1 contract

Sources: Defined Benefit Plan Adoption Agreement

Lump Sum Benefit. The amount of the death benefit shall be equal to a multiple of fifty (50) of the Participant’s monthly Pension benefit as of the Participant’s Benefit Commencement Date subject to the maximum amount specified in Section 9.03 9.04 of the Plan.

Appears in 1 contract

Sources: Defined Benefit Plan Adoption Agreement