Retirement Benefit

Example Definitions of "Retirement Benefit"
Retirement Benefit. Means an annual benefit equal to the greater of (i) $1,000,000, or (ii) fifty percent (50%) of Highest Average Three-Year Compensation, which in the case of clause (ii) shall in no event exceed one hundred fifty percent (150%) of Final Average Five-Year Compensation; provided, however, than in the event a Qualifying Termination occurs following the date upon which Executive attains age 72, the Retirement Benefit shall equal the greater of the Retirement Benefit or the Enhanced Retirement Benefit
Retirement Benefit. The retirement income provided to Directors in accordance with the provisions of Article 2 of this Plan
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