Accrued Benefit

Accrued Benefit. The vested portion of a Participant's Normal Retirement Benefit, determined in accordance with Plan Section 5, as of the date the Participant separates from service with the Bank.

Accrued Benefit. The benefit amount the Participant would be entitled to under Section 3.1, commencing at his Normal Retirement Date. If the Participant Separates from Service with the Corporation for any reason prior to his Normal Retirement Date, in calculating his Accrued Benefit, (i) the offset for Primary Social Security retirement benefit shall be calculated on the basis of the amount projected to be payable at the Participant's Social Security normal retirement age assuming continued earnings by the... Participant at the rate in effect at Separation from Service until the Participant's Social Security normal retirement age; (ii) the offset for the Qualified Plan or any other qualified defined benefit plan shall be calculated on the basis of the Participant's accrued benefit in said plan upon Separation from Service projected to be payable at the Participant's Normal Retirement Date; and (iii) the offset for any other non-qualified supplemental retirement plan shall be calculated on the basis of the Participant's accrued benefit in said plan upon Separation from Service projected to be payable at the Participant's Normal Retirement Date. View More

Accrued Benefit. Accrued Benefit means, at any time, the benefit computed in accordance with Section 4.1, expressed as a single-life annuity commencing at Normal Retirement Date.

Accrued Benefit. Any earned but unpaid Base Salary, unpaid expense reimbursements, accrued but unused vacation and any vested benefits the Covered Executive may be entitled to under any employee benefit plan of the Company

Accrued Benefit. 50% of the Director's Final Average Compensation if the Director has completed 120 Months of Service. If the Director has not completed 120 Months of Service, his Accrued Benefit shall be determined by multiplying 50% of his Final Average Compensation by a fraction, the numerator of which shall be his actual Months of Service and the denominator of which shall be 120.

Accrued Benefit. 70% of the Executive's Final Average Salary, multiplied by the Executive's Non-forfeitable Percentage set forth in Paragraph 2(b) if the Executive has less than 8 years of service.