Actuarial Equivalent. The equivalence of a benefit, as determined by an actuary appointed by the Committee (“Actuary”), in terms of another benefit utilizing such assumptions as in the aggregate represent the Actuary’s best estimate of equivalent value for the purpose for which the determination is being made.

Committee shall mean the Pension Retirement Committee appointed by the Board to administer the Plan (also known as the Pension Committee or the Retirement Committee).

Actuarial Equivalent or Actuarially Equivalent: An amount that is the actuarial equivalent (within the meaning of [[Section 1.409A-2(b)(2)(ii)])]])] of the Regulations) of a value using the actuarial assumptions specified for the relevant purpose under the Consolidated Plan.

the Actuarial Equivalent of the sum of # the Member’s Supplemental Account, plus # the Actuarial Equivalent present value of the Pension payable at Normal Retirement Date, or

No Actuarial Report. As of the Closing Date, there has been no actuarial reports prepared by external actuaries with respect to the Reinsured Policies or any reports by internal actuaries prepared specifically in respect of the Reinsured Policies constituting the In-Force Block considered in its entirety. For the avoidance of doubt, no document, report or other information listed on [Schedule X] shall be deemed an “actuarial report” for purposes of this [Section 16.01(n)].

For purposes of this [Section 5], actuarial equivalence is determined using the same actuarial assumptions used to determine actuarially equivalent options in the Retirement Plan.

“Actuarial Equivalent” means the equivalent actuarial value of a Participant’s Supplemental Retirement Benefit provided in [Section 3.2.1], determined based upon # the annual rate of interest on 30-year Treasury securities as of any determination date, and # the 1983 Group Annuity Mortality Table for males.

In any case, if the Actuarial Equivalent of the Retirement Benefit payable to or on behalf of a Member, determined as of the Member's Annuity Starting Date, is ​ or less, such Actuarial Equivalent amount shall be payable only in the form of a single lump sum, subject to the Member’s right to elect to have all or any portion of such Actuarial Equivalent amount transferred by direct rollover to an eligible retirement plan, in accordance with the provisions of [Section 6.07].

Dividend Equivalent. If ​ declares and pays a dividend in respect of its Stock and, on the record date for such dividend, you hold Restricted Stock Units granted pursuant to this Agreement, ​ shall grant you an unvested right to receive an amount (the “Dividend Equivalent”) equal to the cash dividends you would have received if you were the holder of record, as of such record date, of the number of Shares related to the Restricted Stock Units that you hold as of such record date. Your Dividend Equivalent will vest if, when and to the extent that the related Restricted Stock Units vest and will be paid to you within the Settlement Period (as defined below). No interest will be paid with respect to Dividend Equivalents. If any portion of the Restricted Stock Units are forfeited, your Dividend Equivalent shall also be forfeited in the same proportion.

the monthly single life Actuarial Equivalent of any benefit attributable to the Participant’s RIA Balance;

life actuarial equivalent (determined using the assumptions specified in this Program) of the excess of:

If the Actuarial Equivalent of the Retirement Benefit payable to or on behalf of a Member, determined as of his termination of employment, is ​ or less, such Actuarial Equivalent amount shall be transferred, for the benefit of the Member, by direct rollover to an individual retirement account designated by the Committee, unless the Member expressly elects, on a timely basis, to have such Actuarial Equivalent amount transferred, by direct rollover, to an eligible retirement plan (as defined in [Section 6.07]) specified by the Member or to receive the distribution in a single lump sum payment.

the Actuarial Equivalent of the sum of the Member’s Basic Account and Supplemental Account payable as a single life annuity.

The second paragraph of [Section 1.17] (definition of Equivalent Actuarial Value) shall be amended in its entirety, to read as follows:

the monthly single life Actuarial Equivalent of any benefit which the Participant is entitled to receive from any previous employer, provided that a contract between

when determining the Equivalent Actuarial Value of a Member’s retirement allowance or vested benefit based on the IRS Interest Rate in effect on an Annuity Starting Date on or after ​, and prior to ​, the Equivalent Actuarial Value of such retirement allowance or vested benefit shall not be less than the amount determined on the basis of the IRS Interest Rate as defined under the provisions of the Plan in effect on ​.”

Dividend Equivalent Payments. The Corporation will make to a Participant who holds Restricted Stock Units on the declared record date a cash payment on the number of shares of Common Stock represented by the Restricted Stock Units held by Participant on such record date. The dividend equivalent payment will be payable on the tenth (10th) day of March, June, September, and December. Each dividend equivalent will be equal to the regular quarterly dividend declared by the Board of Directors of the Corporation and paid on Common Stock and will be paid in accordance with the Corporation’s normal dividend payment practice as may be determined by the Committee, in its sole discretion.

Investments in trade receivables or received in connection with the bankruptcy or reorganization of suppliers and customers and in settlement of delinquent obligations of, and other disputes with, customers and suppliers arising in the ordinary course of business;

For a Member whose membership in the Plan commenced after 1997, the single life annuity shall equal the Actuarial Equivalent of the sum of the Member’s Basic Account and Supplemental Account.