Sentences with phrase «payable after any reductions»

The monthly benefit is the amount payable after any reductions.

Not exact matches

If the payments or benefits payable to him in connection with a change in control would be subject to the excise tax on golden parachutes imposed under Section 4999 of the Internal Revenue Code, then those payments or benefits will be reduced if such reduction would result in a higher net after - tax benefit to him.

It also states that where service charges are payable in advance, an adjustment must be made after the costs have been incurred and that this can be by repayment, reduction or subsequent charges or otherwise.