Monthly Benefit
Monthly Benefit. Shall mean an amount, as of a Benefit Determination Date, equal to the vested Appreciation Benefit divided by 180. For example, if on a Benefit Determination Date the Appreciation Benefit is $450,000, then Executive's Monthly Benefit is $2,500 ($450,000 / 180) plus accrued interest.
Monthly Benefit. Shall mean the Average Compensation multiplied by the Accrued Benefit Percentage and then divided by twelve (12), calculated at the Benefit Commencement Date.
Monthly Benefit. An amount equal to the greater of (i) forty percent (40%) of Employee's average monthly base salary for the sixty (60) months immediately preceding Employee's Separation From Service or disability, and (ii) Five Thousand Dollars ($5,000.00)
Found in
Regis Corporation contract
Monthly Benefit. An amount equal to sixty percent (60%) of the Executive's average monthly compensation, excluding bonuses, for the sixty (60) months immediately preceding his termination of employment or disability
Found in
Regis Corporation contract
Monthly Benefit. Shall mean an amount equal to the greater of (i) forty percent (40%) of the Executive's average monthly compensation, excluding bonuses, for the sixty (60) months immediately preceding his termination of employment or disability, or (ii) Five Thousand Dollars ($5,000).
Found in
Regis Corporation contract
Monthly Benefit. The Average Compensation multiplied by the Accrued Benefit Percentage; provided, however, in no event will the Monthly Benefit exceed $33,333.00.
Found in
Citizens Financial Group contract
Monthly Benefit. The monthly benefit payable shall be one-twelfth (1/12th) of an amount equal to $75,000.00.
Monthly Benefit. The monthly benefit payable upon death, Disability or Normal Retirement shall be one-twelfth (1/12th) of an amount equal to thirty percent (30%) of the Final Average Compensation of Employee.
All Definitions
