Actuarial Equivalent

Actuarial Equivalent. Means an amount equal in value on an actuarial basis, as determined by an actuary selected by the Committee, based upon the mortality and interest rates set forth in the Qualified Plan, as amended from time to time.

Actuarial Equivalent. An amount of benefit in the appropriate form (determined in accordance with Section 6) which is equivalent to the dollar amount determined under Section 5b on the basis of an assumed interest rate and a mortality table. Such interest rate shall be the applicable rate in effect under Section 417(e) of the Code determined as of the time benefits commence, and such mortality table shall be the applicable mortality table in effect under Section 417(e) of the Code determined as of the time benefits... commence. View More

Actuarial Equivalent. Means an amount equal in value on an actuarial basis, as determined by an actuary selected by the Committee, based upon the UP-84 mortality table (unisex) with no setback and an annual interest rate of 7 1/4%.

Actuarial Equivalent. Shall have the --------------------- same meaning the term "Actuarial Equivalent" has under Section 2.03 of Appendix A to the Qualified Plan (i.e., the NBT BANCORP Inc. Defined Benefit Pension Plan, as amended and restated as of October 1, 1989, including amendments adopted through August 31, 1998) using the following actuarial assumptions: MORTALITY: "Applicable Mortality Rate" as such ... term is --------- defined in Section 2.03c of said Appendix A to the Qualified Plan. INTEREST RATE: "Applicable Interest Rate" as such term is ------------- defined in Section 2.09b of said Appendix A to the Qualified Plan. View More

Actuarial Equivalent. Means a benefit of equivalent value when computed on the basis of the applicable interest rate, for purposes of Code Section 417(e)(3)(A)(ii)(II), for November of the calendar year preceding the year in which the Executive separates from service, and the mortality table set forth in Treas. Reg. ss.1.401(a)(9)-9.

Actuarial Equivalent. Means a benefit or benefits, or a payment or payments, which are of equal value at the date of determination to the benefits for which they are to be substituted. Equivalence of value is determined from actuarial calculations based on actuarial assumptions as to interest and mortality applied with respect to the particular form or forms of payment under the Basic Plan, disregarding the interest and mortality assumptions grandfathered as of December 31, 1999 with respect to single sum and... installment payments. View More

Actuarial Equivalent. "Actuarial Equivalent" shall have the same meaning the term "Actuarial Equivalent" has under Section 2.03 of the Qualified Plan using the following actuarial assumptions: MORTALITY: "Applicable Mortality Rate" as such term is defined in Section 2.03c of the Qualified Plan. INTEREST RATE: "Applicable Interest Rate" as such ... term is defined in Section 2.09b of the Qualified Plan. View More

Actuarial Equivalent. An amount or benefit equal in value to the -------------------- aggregate amounts expected to be received under different forms of payment based on assumptions as to the occurrence of future events. The future events to be taken into account are mortality for Participants, mortality for Beneficiaries, and an interest discount for the time value of money. For this Plan, the actuarial assumptions are the same as those defined in Section 1.2 of the RBX Holdings Inc. Pension Plan.

Actuarial Equivalent. The term "Actuarial Equivalent" shall mean a benefit of equivalent value determined as of a specified date using the Periodic Adjustment Percentage and the applicable mortality table set forth in the Pension Plan as of Officer's Termination Date, and such other factors as the actuary for G-P deems appropriate.

Actuarial Equivalent. Means a benefit of equivalent value based on the 1994 Group Annuity Mortality Table for males and the Moody's Aa long-term corporate bond yield as of the December 31 preceding the year in which payment is made, rounded up to the nearest 0.25%.