Benefit Commencement Date definition

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.
Benefit Commencement Date means the first day on which all events have occurred that entitle a Participant to the benefit.
Benefit Commencement Date means the first Valuation Date following the date on which all events have occurred which entitle the Participant or Beneficiary to a distribution from the Plan in accordance with the provisions of Section 7.

Examples of Benefit Commencement Date in a sentence

Additionally, a revocation of a prior waiver may be made by a Participant without the consent of the Spouse at any time before his or her Benefit Commencement Date.

The election of an optional form of benefit which contemplates the payment of an annuity shall not be given effect if any person who would receive benefits under the annuity dies before the Benefit Commencement Date.

In the event that a Participant dies after his Benefit Commencement Date, then the Beneficiary of such Participant shall be entitled to receive as a Death Benefit a continuation of the payment of the Deferral Benefit in the same manner and in the same amount that the Participant would have received had the Participant lived to receive the Deferral Benefit.

If a Participant terminates Employment due to a Disability, his or her benefit shall be the Account Balance of all of his or her Accounts determined as a Fully Vested Separation in accordance with Section 5.2 and Section 10.6.2. The Benefit Commencement Date of any such Participant on whose behalf contributions are being made pursuant to Section 3.1.4 shall be as soon as practicable after the date such contributions cease.

A Participant's Deferral Benefit, if any, shall become payable to the Participant as of the Benefit Commencement Date specified in his Deferral Election or as soon thereafter as is administratively practical.


More Definitions of Benefit Commencement Date

Benefit Commencement Date means, with respect to a Participant’s Accrued Benefit, the first day of the month coinciding with or immediately following the earliest of (a) the Participant’s death while employed by the Company or any of its Affiliates and (b) the later of the Participant’s Separation from Service or attainment of Normal Retirement Age.
Benefit Commencement Date means the first day of the first period for which an annuity benefit is payable to the Participant under the Plan or, if a Participant’s benefit is not payable in the form of an annuity, the first day on which all events have occurred that entitle the Participant to receive his or her benefit.
Benefit Commencement Date. 2 1.15 "CODA" 2 1.16 "CODA Compensation" 2 1.17 "Code" 2 1.18 "Compensation" 2 1.19 "Contribution Percentage" 3 1.20 "Contribution Percentage Amounts" 3 1.21 "Defined Benefit Plan" 3 1.22 "Defined Contribution Plan" 3 1.23 "Disability" 3 1.24 "Early Retirement" 3 1.25 "Early Retirement Date" 3 1.26 "Earned Income" 3 1.27 "Elective Deferrals" 3 1.28 "Elective Deferrals Account" 4 1.29 "Eligible Employee" 4 1.30 "Eligible Participant" 4 1.31 "Employee" 4 1.32 "Employee Thrift Contributions" 4 1.33 "Employee Thrift Contributions Account" 4 1.34 "Employer" 4 1.35 "Employer Account" 4 1.36 "Employer Contributions" 4 1.37 "Employer Contributions Account" 4 1.38 "Employment" 4 1.39 "Entry Date" 4 1.40 "ERISA" 4 1.41 "Excess Aggregate Contributions" 5 1.42 "Excess Contributions" 5 1.43 "Excess Elective Deferrals" 5 1.44 "Family Member" 5 1.45 "401(k) Contributions Accounts" 5 1.46 "401(k) Election" 5 1.47 "Fully Vested Separation" 5 1.48 "Group Trust" 5 1.49 "Highly Compensated Employee" 5 1.50 "Hour of Service" 6 1.51 "Immediately Distributable" 6 1.52 "Investment Manager" 6 1.53 "Key Employee" 6 TABLE OF CONTENTS
Benefit Commencement Date means, except as provided below, the first day of the month immediately following the later of (i) the Participant’s Separation from Service, and (ii) the Participant’s attainment of age 55. In the event a Participant makes a Subsequent Payment Election, the Benefit Commencement Date shall be the first day of the month coinciding with or next following the date upon which the Participant has elected to have payment of his Post-2004 Plan Benefit commence.
Benefit Commencement Date means the date irrevocably elected by the Participant pursuant to Section 2.04, or such later date as elected by the Participant pursuant to Section 2.05. As part of Participant’s initial deferral election made with respect to Compensation earned in a given Plan Year, the Participant may elect a specific distribution date or may elect to commence distribution of his or her benefits under the Plan upon his or her termination of employment. If a Participant does not make an election to commence payment upon termination of employment in the initial deferral election, the Participant may not later make an election to commence payment upon termination of employment pursuant to a re-deferral election under Section 2.05.
Benefit Commencement Date means, for any Participant or Beneficiary, the date as of which the first benefit payment, including a single lump sum cash payment, is due from a Participant's Account; provided, however, that the Benefit Commencement Date applicable to any hardship distribution withdrawn in accordance with Section 7.6 shall not be taken into account in determining the Participant's Benefit Commencement Date with respect to the remainder of his Account.