Transitional Rules Sample Clauses

Transitional Rules. 1. Any living Participant not receiving benefits on August 23, 1984, who would otherwise not receive the benefits prescribed by the previous subsections of this Section 6.05 must be given the opportunity to elect to have the prior subsections of this Section apply if such Participant is credited with at least one Hour of Service under this Plan or a predecessor plan in a Plan Year beginning on or after January 1, 1976, and such Participant had at least 10 Years of Vesting Service when he or she separated from service.
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Transitional Rules. The Required Beginning Date of a Participant who attains age seventy and one-half (70-1/2) before January 1, 1988, shall be determined in accordance with (1) or (2) below:
Transitional Rules. (a) Notwithstanding the other requirements of this Article and subject to the requirements of Article VIII, Joint and Survivor Annuity Requirements, distribution on behalf of any Employee, including a 5% owner may be made in accordance with all of the following requirements, regardless of when such distribution commences:
Transitional Rules. Prior employment time with the bank/company shall be included as pension-qualifying according to the collective agreement in effect from time to time. 5 § — Coordination with previous pen- sion rights‌ For employees born in 1952 or later‌ Coordination with previous pension rights comprises only defined benefit ac- crued pension according to the pension agreement Bankernas Tjänstepen- sion (BTP). Coordination effected before 1 February 2013 shall still apply, also following new employment. If an employee in employment with another employer has accrued pension rights according to BTP then: • The time of such pension right accrual shall be considered employ- ment time in the present employment • Pension rights accrued shall be included in the pension rights accrued in the current employment. If the employee is comprised by the alternative rules of Section 9 and Section 12 in the pension agreement, then: • The pension-qualifying employment time shall be reduced by the number of months for which the alternative rule has been applied • The pension rights accrued during a time when the alternative rules have been applied shall not be included in the pension rights accrued in the current employment. For employees born in 1951 or earlier‌ Former employment as a salaried employee Pension rights accrued by an employee with another employer according to a retirement scheme equivalent to the pension provisions of this agreement shall be included in the benefits under this agreement. The time during which such pension rights have been accrued shall be included in the employment time with the bank. If there are significant differences between the pension schemes, then the employment time in the prior employment shall be recalculated to take the difference into account. The bank and the employee may in the latter case agree that such recalculation shall not be made. The pension rights accrued by the employee at the same time as this or equivalent pension scheme shall not be coordinated. Former employment as blue-collar employee If an employee during the time 1 January 1979 - 31 December 1995 has xxxx- sitioned from a blue collar position to a salaried employee position, then the employee shall keep all STP time on the condition that this amounts to at least three STP years. Employment time from 1996 with agreement pension SAF - LO shall also be included.
Transitional Rules. (a) In general. Participants who satisfy the following conditions shall have the opportunity to elect to have their benefits paid in accordance with subsection (b). This section 06.applies to Participants who were not receiving benefits under the Plan on August 23, 1984, and who:
Transitional Rules. Any living Participant not receiving benefits on August 23, 1984, who would otherwise not receive the benefits prescribed under this Article 9 must be given the opportunity to elect to have the preceding provisions of this Article 9 apply if such Participant is credited with at least one Hour of Service under this Plan or a predecessor plan in a Plan Year beginning on or after January 1, 1976, and such Participant had at least 10 years of vesting service when he or she separated from service. The Participant must be given the opportunity to elect to have this Article 9 apply during the period commencing on August 23, 1984, and ending on the date benefits would otherwise commence to such Participant. A Participant described in this paragraph who has not elected to have this Article 9 apply is subject to the rules in this Section 9.7 instead. Also, a Participant who does not qualify to elect to have this Article 9 apply because such Participant does not have at least 10 Years of Service for vesting purposes is subject to the rules of this Section 9.7. Any living Participant not receiving benefits on August 23, 1984, who was credited with at least one Hour of Service under this Plan or a predecessor plan on or after September 2, 1974, and who is not otherwise credited with any service in a Plan Year beginning on or after January 1, 1976, must be given the opportunity to have his/her benefits paid in accordance with the following paragraph. The Participant must be given the opportunity to elect to have this Section 9.7 apply (other than the first paragraph of this Section) during the period commencing on August 23, 1984, and ending on the date benefits would otherwise commence to such Participant. If, under either of the preceding two paragraphs, a Participant is subject to this Section 9.7, the following rules apply.
Transitional Rules. Article 14.
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Transitional Rules. If this Plan is a restatement of a prior Plan, the Participant's Accrued Benefit shall be as elected in Section III.B.6 of the Adoption Agreement. For purposes of Section 6.3, the terms years of participation and Years of Credited Service shall include all earned service by a Participant under the terms of a prior Plan this Plan has superceded. Such service shall be credited to the extent included for benefit accrual purposes under the superceded prior Plan sponsored by an Affiliated Employer, provided, however, that no more than one (1) Year of Participation shall be credited for each Year of Credited Service. Notwithstanding the above election, and regardless of whether or when the same election shall become effective, the designation of a transitional rule at Section III.B.6 of the Adoption Agreement shall also apply, as follows:
Transitional Rules. Employees who, at the time of transfer, October have accumulated sick leave days in their sick leave bank will fall under the following transitional rules:
Transitional Rules. When a calculation is made of the number of deductions made in accordance with 10.2.1.3, deductions for qualifying days shall be equated with qualifying deductions made.
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