Primary Benefit Clause Samples

Primary Benefit. The benefit under this Section 4.1.1 is the Deferral Account balance at end of the Plan Year immediately preceding the director's death. The Company shall pay the primary benefit in ten (10) equal annual installments (without adjustment for interest or earnings during such period) commencing on the first day of the month following the Director's death.
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Primary Benefit. 10.1 The Parties acknowledge that this Warranty shall be for the primary benefit of Customer and lessees (and, any subsequent lessee of a Contract Aircraft upon prior written notice to Supplier of each such lessee). CAM Conversion Agreement Schedule 9 In response to the requisition for incorporation of the Supplier Variation ref: — (details attached). It is agreed that incorporation of the Supplier Variation will be carried out on the following basis: i) Impact on the STC Development Program a) This Supplier Variation, if incorporated, has no impact on the STC Development Program. or b) Incorporation of this Supplier Variation will extend the STC Development Program by … days and the revised STC delivery date will be
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Primary Benefit. Commencing on the Executive's Normal Retirement Date, the Company shall pay a primary normal retirement benefit to the Executive which is equal to the Executive's Retirement Accounts balance as of the planned year ending immediately preceding the Executive's Normal Retirement Date. The primary Normal Retirement Benefits shall be paid over fifteen (15) years in one hundred eighty (180) equal monthly installments (without adjustment for interest earnings during the payment period), commencing on the first day of the month following the Executive's 65th birthday.
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Related to Primary Benefit

  • Accrued Benefit 1.05 1.16 Nonforfeitable ............................................. 1.05 1.17 Plan Year/Limitation Year .................................. 1.05 1.18 Effective Date ............................................. 1.05 1.19 Plan Entry Date ............................................ 1.05 1.20

  • Survivor Benefit Upon the death of a regular employee who leaves a spouse and/or dependants enrolled in the Medical Services Plan, Dental Plan and Extended Health Benefit Plan, such enrolment may continue for twelve (12) months following the employee’s death, provided the enrolled family members pay the employee’s share of the cost of the premium for the plans. The Employer shall advise the survivor of this benefit.

  • Death Benefit Should Employee die during the term of employment, the Company shall pay to Employee's estate any compensation due through the end of the month in which death occurred.

  • How do the RMD Rules Impact my Designated Beneficiary or Beneficiaries The RMD rules provide for the determination of your designated beneficiary or beneficiaries as of September 30 of the year following your death. Consequently, any beneficiary may be eliminated for purposes of calculating the RMD by the distribution of that beneficiary’s benefit, through a valid disclaimer between your death and the end of September following the year of your death, or by dividing your IRA account into separate accounts for each of several designated beneficiaries you may have designated.

  • Normal Retirement Benefit Upon Termination of Employment on or after the Normal Retirement Age for reasons other than death, the Company shall pay to the Executive the benefit described in this Section 2.1 in lieu of any other benefit under this Agreement.