Supplemental Retirement Income Lump Sum

Supplemental Retirement Income Lump Sum. The single sum Actuarial Equivalent of Key Employee's Monthly Supplemental Retirement Income determined as of his or her retirement date and considering a Domestic Partner as a Spouse. Provided however, if Key Employee will receive his or her Retirement Plan benefit in the form of a joint and 50% survivor benefit, the Supplemental Retirement Income Lump Sum shall also include the value of that part of the survivor benefit that cannot be paid from the Retirement Plan because of the Restrictions.... In addition, if Key Employee previously established an employee grantor trust pursuant to an agreement between the Company and Key Employee, the Supplemental Retirement Income Lump Sum shall be reduced by the Pre Tax Value of Key Employee's Grantor Trust. View More