Example ContractsClauseslegacy retirement terminationVariants
Legacy Retirement Termination
Legacy Retirement Termination contract clause examples

with respect to the Restoration Pension, the Participant’s compensation for any applicable period as defined for purposes of the Retirement Plan with respect to the participant group (Cash Balance Retirement Plan Participant or Legacy Retirement Plan Participant) of which the Participant is a member, plus, if applicable for any period for a Participant who is a Legacy Retirement Plan Participant, that portion of the Participant’s incentive award under the MIP which he had elected (prior to 2005) to defer in accordance with paragraph 7 of the MIP as it existed prior to January 1, 2005.

with respect to the Restoration Pension for any Participant who is a Legacy Retirement Plan Participant, his “final average compensation” as defined in [Schedule C], Section C-1.144] of the Retirement Plan, but determined by taking into account as Compensation for any period comprising such final average compensation that portion of the Participant’s incentive award under the MIP which he had elected (prior to 2005) to defer in accordance with paragraph 7 of the MIP as it existed prior to January 1, 2005.

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