Alternative Normal Retirement Qualifications Clause Samples
Alternative Normal Retirement Qualifications. The Employer may elect to permit Participants to retire with unreduced benefits after they satisfy service and/or age requirements other than the regular normal retirement qualifications specified above. The Employer hereby adopts the following alternative normal retirement qualifications:
(1) Not applicable (the Adopting Employer does not offer alternative normal retirement benefits under the Plan).
(2) Alternative Minimum Age & Service Qualifications (if checked, please complete one or more items below, as applicable):
(3) Rule of (insert number). The Participant's combined Total Credited
Alternative Normal Retirement Qualifications. The Employer may elect to permit Participants to retire with unreduced benefits after they satisfy service and/or age requirements other than the regular normal retirement qualifications specified above. The Employer hereby adopts the following alternative normal retirement qualifications:
(1) Not applicable (the Adopting Employer does not offer alternative normal retirement benefits under the Plan).
(2) Alternative Minimum Age & Service Qualifications (if checked, please complete one or more items below, as applicable):
(3) Rule of (insert number). The Participant's combined Total Credited Service and age must equal or exceed this number. Please complete additional items below: To qualify for this alternative normal retirement benefit, the Participant (check one or more items below, as applicable): Must have attained at least age (insert number) Must not satisfy any minimum age requirement In-Service Distribution to Eligible Employees permitted (i.e., a qualifying Participant may commence receiving retirement benefits while in service without first incurring a Bona Fide Separation from Service), if the Participant meets the minimum age and service requirements specified immediately above and is at least age 62 (unless a lower safe-harbor age is permitted under applicable federal law), subject to applicable Plan provisions concerning recalculation and offset applied at re-retirement to account for the value of benefits received prior to re-retirement. This rule shall apply to (check one): all Participants only the following class(es) of Participants (must specify - specific positions are permissible; specific individuals may not be named): . This alternative normal retirement benefit is available to: All Participants who qualify. Only the following Participants (must specify - specific positions are permissible; specific individuals may not be named): . A Participant (check one): is required is not required to be in the service of the Employer at the time he satisfies the Rule in order to qualify for this alternative normal retirement benefit. Other eligibility requirement (must specify in a manner that satisfies the definite written program requirement of Treasury Regulation 1.401-1(a)(2) and the definitely determinable requirement of Treasury Regulation 1.401- 1(b)(1)(i)): .
Alternative Normal Retirement Qualifications. Alternative Minimum Age & Service Qualifications are as follows:
(i) Attainment of age 55
(ii) Completion of 25 years of Total Credited Service This alternative normal retirement benefit is available to: All Participants who qualify.
Alternative Normal Retirement Qualifications. The Employer may elect to permit Participants to retire with unreduced benefits after they satisfy service and/or age requirements other than the regular normal retirement qualifications specified above. The Employer hereby adopts the following alternative normal retirement qualifications:
(1) Not applicable (the Adopting Employer does not offer alternative normal retirement benefits under the Plan).
(2) Alternative Minimum Age & Service Qualifications (if checked, please complete one or more items below, as applicable):
(3) Rule of 75 (insert number). The Participant's combined Total Credited Service and age must equal or exceed this number. Please complete additional items below: To qualify for this alternative normal retirement benefit, the Participant (check one): must have attained at least age 55 (insert number) must not satisfy any minimum age requirement. This alternative normal retirement benefit is available to: All Participants who qualify. Only the following Participants (must specify): All Participants who qualify, except those who: 1) are initially employed or initially take office after October 2, 2006; or 2) are reemployed as a non-vested Employee after October 1, 2007 (prior Credited Service with other GMEBS employers (portability service credit) will be taken into account in determining vested status upon reemployment and in determining a Participant’s Total Credited Service). A Participant (check one): is required is not required to be in the service of the Employer at the time he satisfies the Rule in order to qualify for this alternative normal retirement benefit. Other eligibility requirement (must specify): .
Alternative Normal Retirement Qualifications. The Employer may elect to permit Participants to retire with unreduced benefits after they satisfy service and/or age requirements other than the regular normal retirement qualifications specified above. The Employer hereby adopts the following alternative normal retirement qualifications:
(1) Not applicable (the Adopting Employer does not offer alternative normal retirement benefits under the Plan).
(2) Alternative Minimum Age & Service Qualifications (if checked, please complete one or more items below, as applicable): definitely determinable requirement of Treasury Regulation 1.401-1(b)(1)(i)):
(3) Rule of (insert number). The Participant's combined Total