Project the Benefit Basis as of Normal. Retirement Age by increasing the Benefit Basis as of the Executive's date of Termination of Employment by 5% per year, compounded annually, until Normal Retirement Age (the "Projected Retirement Benefit Basis").
Appears in 8 contracts
Sources: Supplemental Executive Retirement Agreement (South Financial Group Inc), Supplemental Executive Retirement Agreement (South Financial Group Inc), Supplemental Executive Retirement Agreement (South Financial Group Inc)
Project the Benefit Basis as of Normal. Retirement Age by increasing the Benefit Basis as of the Executive's ’s date of Termination of Employment by 5% per year, compounded annually, until Normal Retirement Age (the "“Projected Retirement Benefit Basis"”).
Appears in 1 contract
Sources: Supplemental Executive Retirement Agreement (South Financial Group Inc)