Canadian Pension Benefit

Canadian Pension Benefit. Means the Actuarial Equivalent of the benefit the Participant has accrued under one or more Canadian pension arrangements, including but not limited to (i) the Pension Plan for Executives of IPSCO Inc., (ii) the Pension Plan for U.S. Expatriates of IPSCO Inc., (iii) the IPSCO Inc. Canadian Supplemental Retirement Benefit Plan, and (iv) any individual Canadian pension arrangement maintained for the Participant.