Annuity

Annuity. Shall mean a form of benefit payment that (a) provides a series of substantially equal periodic payments, payable not less frequently than annually, for Executive's life (or life expectancy) or the joint lives (or life expectancies) of Executive and Executive's spouse; and (b) is Actuarially Equivalent to a straight life annuity.

Annuity. Shall mean any form of benefit under the Retirement Plan that meets the requirements of life annuities under Treasury Regulation Section 1.409A-2(b)(2)(ii) (or successor regulation).