Grandfathered Benefit

Grandfathered Benefit. With respect to a Grandfathered Participant, the portion of such Participant's benefit under this Plan that is compensation deferred before January 1, 2005 (within the meaning of Code section 409A and Treas. Reg. section 1.409A-6(a)(3)(i)), as increased for any subsequent taxable year of such Participant to the extent permitted by Treas. Reg. section 1.409A-6(a)(3)(i) and Treas. Reg.1.409A-6(a)(3)(iv); provided, however, that in no event shall the value of such Participant's Grandfathered... Benefit exceed the value of his or her benefit under this Plan determined under the provisions of Plan Section 4. View More

Grandfathered Benefit. The portion of the Benefit considered deferred under this Plan on or before December 31, 2004 as determined in accordance with Section 409A of the Code and the guidance promulgated thereunder

Grandfathered Benefit. That portion of an Employee's Deferred Compensation Account under this Plan which had already been accrued by December 31, 2004 and was fully vested and not subject to a substantial risk of forfeiture on that date