Benefit Commencement Age definition

Benefit Commencement Age means the greater of age 55 and the Participant's age at the date of determination.
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Examples of Benefit Commencement Age in a sentence

  • Any member of a scheme shall have the right to commence drawing benefits from the scheme, in whole or in part, at any time after attaining the Minimum Benefit Commencement Age.

  • A Participant's Plan Termination Benefit shall be deemed to commence as of his or her Benefit Commencement Age determined as of the date the Participant subsequently terminates employment or retires.

  • The major focus will be on the economy of the United States, but other economic systems will be addressed.

  • An Eligible Member may at any time, after attaining the Minimum Benefit Commencement Age, be entitled to draw a Pension Commencement Lump Sum benefit not exceeding the amount set out in 7.2 below.

  • But still TB is the most common cause of pericarditis in some developing countries (8, 9).In our group of patients, a total of 11(75%) patients werediagnosed to have TB CP, six proven TB pericarditis on histological examination, five treated for clinically proven TB of the lung, pericardium or both.

  • A Participant’s Vested Change in Control Benefit shall be deemed to commence as of the first day of the month following his or her Benefit Commencement Age determined as of the date the Participant subsequently experiences a Separation from Service.

  • A --------------------------------- Participant's Vested Change in Control Benefit shall be deemed to commence as of his or her Benefit Commencement Age determined as of the date the Participant subsequently terminates employment or retires.

  • Wider engagement with DWP, community and voluntary sector as well as engaging with the West Kent Partnership and KCC regarding pan Kent bids.

  • A Participant's --------------------------------- Plan Termination Benefit shall be deemed to commence as of his or her Benefit Commencement Age determined as of the date the Participant subsequently terminates employment or retires.

  • A Participant’s Immediate Change in Control Benefit shall be deemed to commence as of the first day of the month following his or her Benefit Commencement Age determined as of the Change in Control date.

Related to Benefit Commencement Age

  • Benefit Commencement Date means, for any Participant or beneficiary, the date as of which the first benefit payment, including a single sum, from the Participant’s Account is due, other than pursuant to a withdrawal under Article VIII.

  • Employment Commencement Date means the date on which the Employee first performs an Hour of Service.

  • Policy Commencement Date means the date of commencement of the Policy as specified in the Schedule.

  • Reemployment Commencement Date means the date on which an Employee who terminates employment with the Employer and all Related Employers first performs an Hour of Service following such termination of employment.

  • Retirement Age means the earlier to occur of:

  • Vesting Commencement Date means the Grant Date or such other date selected by the Committee as the date from which an Award begins to vest.

  • Normal Retirement Age means the Executive's 65th birthday.

  • Benefit Continuation Period means the period beginning on the Date of Termination and ending on the last day of the month in which occurs the earlier of (i) the 24-month anniversary of the Date of Termination and (ii) the date on which you elect coverage for you and your covered dependents under substantially comparable benefit plans of a subsequent employer.

  • Annuity Commencement Date means the first day of any month upon which an annuity begins under the Contract. However, for any Participant, this date shall not be later than the required beginning date as defined in the applicable sections of the Code and Regulations issued thereunder.

  • Benefit Period means the period of time from the date of the Accident causing the Injury for which benefits are payable, as shown in the Schedule of Benefits, and the date after which no further benefits will be paid.

  • Pay Out Commencement Date means the date on which a Trust Pay Out Event is deemed to occur pursuant to Section 9.01 of the Agreement or a Series 2001-D Pay Out Event is deemed to occur pursuant to Section 7 hereof.

  • Normal Retirement Benefit means the benefit described in Section 2.1.

  • Annual Benefit means an annual sum of fifty thousand dollars ($50,000) multiplied by the Applicable Percentage (defined below) and then reduced to the extent required: (i) under the other provisions of this Agreement; (ii) by reason of the lawful order of any regulatory agency or body having jurisdiction over the Employer; and (iii) in order for the Employer to properly comply with any and all applicable state and federal laws, including, but not limited to, income, employment and disability income tax laws (eg., FICA, FUTA, SDI).

  • Earliest Retirement Age means the earliest date on which, under the Plan, the Participant could elect to receive retirement benefits.

  • Disability Support Pension means the Commonwealth pension scheme to provide income security for persons with a disability as provided under the Social Security Act 1991, as amended from time to time, or any successor to that scheme.

  • Extended benefit period means a period which:

  • Distribution Commencement Date means the Issue Date or such other date as may be specified as the Distribution Commencement Date on the face of such Perpetual Security;

  • Accrued Benefit means the amount standing in a Participant's Account(s) as of any date derived from both Employer contributions and Employee contributions, if any.

  • Retirement Date means the date as of which a Participant retires for reasons other than Total and Permanent Disability, whether such retirement occurs on a Participant's Normal Retirement Date or Late Retirement Date (see Section 6.1).

  • Leave Year means the year ending with the anniversary date of the employee’s appointment.

  • Supplemental Retirement Benefit means the benefit determined under Article V of this Plan.

  • Termination Year means the calendar year in which the Employment Period is terminated.

  • Severance Period means the period of time commencing on the date of the first occurrence of a Change in Control and continuing until the earlier of (i) the second anniversary of the occurrence of the Change in Control and (ii) the Executive’s death.

  • Accumulation Commencement Date means January 1, 2021, or such later date as the Calculation Agent on behalf of the Issuer determines in accordance with Section 2.11 hereof.

  • Disability Retirement Date means the first day of the month following the last day of paid employment;

  • Pregnancy disability means a pregnancy-related medical condition or miscarriage.