Common use of VOLUNTARY TERMINATION OF EMPLOYMENT AFTER BECOMING AN ELIGIBLE PARTICIPANT BUT BEFORE NORMAL RETIREMENT AGE Clause in Contracts

VOLUNTARY TERMINATION OF EMPLOYMENT AFTER BECOMING AN ELIGIBLE PARTICIPANT BUT BEFORE NORMAL RETIREMENT AGE. Should the Participant, once becoming an Eligible Participant, voluntarily terminate service with the Employer before Normal Retirement Age, he will be entitled to the Reduced Retirement Benefit, payable at his election in either of the following forms. Should Participant fail to specifically elect a form of benefit payment, a Lump Sum Distribution will be made to the Participant.

Appears in 1 contract

Samples: Supplemental Executive Retirement Agreement (Union Planters Corp)

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VOLUNTARY TERMINATION OF EMPLOYMENT AFTER BECOMING AN ELIGIBLE PARTICIPANT BUT BEFORE NORMAL RETIREMENT AGE. Should the Participant, once becoming an Eligible Participant, voluntarily terminate service with the Employer before Normal Retirement AgeAge (i.e., for reasons other than Good Reason or those described in Sections 2.4, 2.5 or 2,6 of the Agreement), he will be entitled to the Reduced Retirement Benefit, payable at his election in either of the following forms. Should Participant fail to specifically elect a form of benefit payment, a Lump Sum Distribution will be made to the Participant.. 7

Appears in 1 contract

Samples: Supplemental Executive Retirement Agreement (Union Planters Corp)

VOLUNTARY TERMINATION OF EMPLOYMENT AFTER BECOMING AN ELIGIBLE PARTICIPANT BUT BEFORE NORMAL RETIREMENT AGE. Should the Participant, once becoming an Eligible Participant, voluntarily terminate service with the Employer before Normal Retirement AgeAge (i.e., for reasons other than Good Reason or those described in Sections 2.4, 2.5 or 2.6 of the Agreement), he will be entitled to the Reduced Retirement Benefit, Benefit payable at 7 his election in either of the following forms. Should Participant fail to specifically elect a form of benefit payment, a Lump Sum Distribution will be made to the Participant.

Appears in 1 contract

Samples: Supplemental Executive Retirement Agreement (Union Planters Corp)

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VOLUNTARY TERMINATION OF EMPLOYMENT AFTER BECOMING AN ELIGIBLE PARTICIPANT BUT BEFORE NORMAL RETIREMENT AGE. Should the Participant, once becoming an Eligible Participant, voluntarily terminate service with the Employer before Normal Retirement AgeAge (i.e., for reasons other than Good Reason or those described in Sections 2.4, 2.5 or 2.6 of the Agreement), he will be entitled to the Reduced Retirement Benefit, Benefit payable at his election in either of the following forms. Should Participant fail to specifically elect a form of benefit payment, a Lump Sum Distribution will be made to the Participant.

Appears in 1 contract

Samples: Supplemental Executive Retirement Agreement (Union Planters Corp)

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