Napa Auto Parts 2010 Annual Report Download - page 79

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If the monthly amount in subparagraph (B) exceeds the monthly amount in subparagraph (A), no Additional Retirement Income shall be
paid under this Part B Formula of the Plan.
(c) Definitions. For purposes of this Article 7, the following definitions shall apply.
(1) Anticipated Social Security Benefit. The term “Anticipated Social Security Benefit shall have the same meaning as such term is defined in
the Pension Plan.
(2) Average Earnings. Except as modified in the last sentence of this Section 7.01(c)(2), the term “Average Earnings” shall have the definition
as set forth in the Pension Plan. In general, Average Earnings is defined in the Pension Plan as the average of the Participant’s monthly
Earnings for the highest five (5) calendar years of employment out of the last complete ten (10) calendar years of employment preceding the
participant’s termination of employment. However, for purposes of this Plan, the term Average Earnings shall be computed using the
definition of Earnings as defined in Section 2.04 of this Plan.
(3) Credited Service. See Section 13.03.
(4) Normal Retirement Date. For Key Participants, the term “Normal Retirement Date” shall mean the first date of the month coincident with or
immediately following the later of the Key Participant’s 65
th birthday or the completion of five years of participation, counting (but not
duplicating) years of participation in the Pension Plan, if any, and years of participation in this Plan.
7.02 Calculation of Additional Retirement Income for a Key Participant who has a Separation from Service after the Key Participant’s Normal Retirement
Date.
(a) This Section 7.02 contains the benefit formula for a Key Participant who has a Separation from Service with the Employer after his or her
Normal Retirement Date (as defined in Section 7.01(c)).
(b) Each Key Participant described in Section 7.02 who has a Separation from Service with the Employer by reason of retirement or voluntary or
involuntary termination shall, except as provided in Section 12.05 (Noncompetition, Embezzlement, Etc.) be entitled to a monthly Additional
Retirement Income equal to the greater of (1) or (2) below measured in the form of a single life annuity payable in monthly installments for the Key
Participant’s life and commencing on the first day of the month following
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