Lump Sum Benefit

Lump Sum Benefit. , with respect to an Executive at a particular age, shall have the following meanings unless otherwise provided in an Executive's Plan Agreement: (i) For (a) a Normal Retirement, or (b) an Approved Early Retirement or Change in Control Benefit at age fifty-five (55) or older, the Executive's Lump Sum Benefit shall be the amount set forth as such in Schedule B of Section 2 of the Executive's Plan Agreement. (ii) For an Approved Early Retirement or Change in Control Benefit at age... fifty-four (54) or younger, the Executive's Lump Sum Benefit shall be equal to the Lump Sum Benefit set forth as such in Schedule B of Section 2 of the Executive's Plan Agreement for an Approved Early Retirement at age fifty-five (55), discounted at a rate equal to 7.5% per annum, compounded, for each year that the Executive is younger than age fifty-five (55), including any partial year. View More

Lump Sum Benefit. An amount equal to the Initial Annuity multiplied by the Adjustment Factor, multiplied by the Determination Annuity Factor