Common use of Early Retirement Benefits Clause in Contracts

Early Retirement Benefits. If elected in the Adoption Agreement, an Early Retirement benefit may be available to individuals who meet the age and Service requirements that are specified in the Adoption Agreement. A Participant who attains his or her Early Retirement Date will become fully vested, regardless of any vesting schedule which otherwise might apply. If a Participant separates from Service with a nonforfeitable benefit before satisfying the age requirements, but after having satisfied the Service requirement, the Participant will be entitled to elect an Early Retirement benefit upon satisfaction of the age requirement.

Appears in 11 contracts

Samples: Participation Agreement (Sterling Chemicals Inc), Prototype Defined Contribution Plan (Athens Bancshares Corp), Prototype Defined Contribution Plan

AutoNDA by SimpleDocs

Early Retirement Benefits. If elected the Employer so provides in the Adoption Agreement, an Early Retirement benefit may will be available to individuals who meet the age and Service requirements that are specified in requirements. An individual who meets the Adoption Agreement. A Participant who attains his or her Early Retirement Date Age requirements and separates from Service, will become fully vested, regardless of any vesting schedule which otherwise might apply. If a Participant separates from Service with a nonforfeitable benefit before satisfying the age requirements, but after having satisfied the Service requirement, the Participant will be entitled to elect an Early Retirement benefit upon satisfaction of the age requirement.

Appears in 5 contracts

Samples: Westfield Financial Inc, First Keystone Corp, Berkshire Hills Bancorp Inc

Early Retirement Benefits. If elected in the Adoption Agreement, an An Early Retirement benefit may be available if elected in the Adoption Agreement to individuals who meet the age and Service requirements that are specified in the Adoption Agreement. A Participant who attains his or her Early Retirement Date will become fully vested, regardless of any vesting schedule which otherwise might apply. If a Participant separates from Service with a nonforfeitable benefit before satisfying the age requirements, but after having satisfied the Service requirement, the Participant will be entitled to elect an Early Retirement benefit upon satisfaction of the age requirement.

Appears in 4 contracts

Samples: Prototype Defined Contribution Plan (United Community Bancorp), Prototype Defined Contribution Plan (FNB United Corp.), Measurement Specialties Inc

Early Retirement Benefits. If elected the Employer so provides in the Adoption Agreement, an Early Retirement benefit may Benefit will be available to individuals who meet the age and Service requirements that are specified in requirements. An individual who meets the Adoption Agreement. A Participant who attains his or her Early Retirement Date Age requirements and separates from Service, will become fully vested, regardless of any vesting schedule which otherwise might apply. If a Participant separates from Service with a nonforfeitable benefit before satisfying the age requirements, but after having satisfied the Service requirement, the Participant will be entitled to elect an Early Retirement benefit upon satisfaction of the age requirement.

Appears in 4 contracts

Samples: East West Bancorp Inc, Adoption Agreement (Shared Technologies Cellular Inc), Non Standardized Adoption Agreement (Princeton Review Inc)

AutoNDA by SimpleDocs

Early Retirement Benefits. If elected the Employer so provides in the Adoption Agreement, an Early Retirement early retirement benefit may will be available to individuals who meet the age and Service requirements that are specified in requirements. An individual who meets the Adoption Agreement. A Participant who attains his or her Early Retirement Date Age requirements and separates from Service, will become fully vested, regardless of any vesting schedule which otherwise might apply. If a Participant separates from Service with a nonforfeitable benefit before satisfying the age requirementsrequirement, but after having satisfied the Service requirement, the Participant will be entitled to elect an Early Retirement benefit upon satisfaction of the age requirement.

Appears in 1 contract

Samples: Professionals Insurance Co Management Group

Early Retirement Benefits. If elected the Employer so provides in the Adoption Agreement, an Early Retirement benefit may Benefit will be available to individuals who meet the age and Service requirements that are specified in requirements. An individual who meets the Adoption Agreement. A Participant who attains his or her Early Retirement Date Age requirements and separates from Service will become fully vested, regardless of any vesting schedule which otherwise might apply. If a Participant separates from Service with a nonforfeitable benefit before satisfying the age requirements, but after having satisfied the Service requirement, the Participant will be entitled to elect an Early Retirement benefit Benefit upon satisfaction of the age requirement.

Appears in 1 contract

Samples: Standarized Adoption Agreement (Oregon Trail Financial Corp)

Time is Money Join Law Insider Premium to draft better contracts faster.