Common use of Full Benefit Clause in Contracts

Full Benefit. The Employee shall be eligible to receive a Full Benefit, as defined in Section 5. 1 of the Plan, provided that the Employee (i) is at least 56 years old and has participated in the Plan at Benefit Level III for at least ten (10) years, and (ii) remains in the active and continuous employ of the Corporation until he is at least 56 years old. Except as provided in Section 3 below, the Employee shall commence to receive his Full Benefit on the date upon which he terminates his employment with the Corporation (the "Full Benefit Commencement Date").

Appears in 1 contract

Samples: Supplemental Retirement (PBSJ Corp /Fl/)

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Full Benefit. The Employee shall be eligible to receive a Full Benefit, as defined in Section 5. 1 5.1 of the Plan, provided that the Employee (i) is at least 56 years old and has participated in the Plan at Benefit Level III II for at least ten (10) years, and (ii) remains in the active and continuous employ of the Corporation until he is at least 56 years old. Except as provided in Section 3 below, the Employee shall commence to receive his Full Benefit on the date upon which he terminates his employment with the Corporation (the "Full Benefit Commencement Date").

Appears in 1 contract

Samples: Supplemental Retirement (PBSJ Corp /Fl/)

Full Benefit. The Employee shall be eligible to receive a Full Benefit, as defined in Section 5. 1 5.1 of the Plan, provided that the Employee (i) is at least 56 years old and has participated in the Plan at Benefit Level III for at least ten (10) years, and (ii) remains in the active and continuous employ of the Corporation until he is at least 56 years old. Except as provided in Section 3 below, Plan participation begins with the effective date of the original Agreement. The Employee shall commence to receive his Full Benefit on the date upon which he terminates his employment with the Corporation (the "Full β€œBenefit Commencement Date")” as defined in the Plan.

Appears in 1 contract

Samples: Supplemental Income Retirement Agreement (PBSJ Corp /Fl/)

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Full Benefit. The Employee shall be eligible to receive a Full Benefit, as defined in Section 5. 1 5.1 of the Plan, provided that the Employee (i) is at least 56 years old and has participated in the Plan at Benefit Level III II for at least ten (10) years, and (ii) remains in the active and continuous employ of the Corporation until he is at least 56 years old. Except as provided otherwise set -forth in Section 3 below, the Employee shall commence to receive his Full Benefit on the date upon which he terminates his employment with the Corporation (the "Full Benefit Commencement Date").

Appears in 1 contract

Samples: Supplemental Retirement (PBSJ Corp /Fl/)

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