Benefit Distribution Date definition

Benefit Distribution Date means the date upon which all or an objectively determinable portion of a Participant’s vested benefits will become eligible for distribution. Except as otherwise provided in the Plan, a Participant’s Benefit Distribution Date shall be determined based on the earliest to occur of an event or scheduled date set forth in Articles 4 through 9, as applicable.

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Benefit Distribution Date means the date that triggers distribution of a Participant’s vested Account Balance. A Participant’s Benefit Distribution Date shall be determined upon the occurrence of any one of the following:

Benefit Distribution Date means a date that triggers distribution of a Participant’s vested benefits. A Benefit Distribution Date for a Participant shall be determined upon the occurrence of any one of the following:

Examples of Benefit Distribution Date in a sentence

• Subsequent installment payments shall be computed in a consistent fashion, and shall equal the product of the value of the Participant's Account Balance, measured on the applicable anniversary of his Benefit Distribution Date, multiplied by 1/n.

• The initial installment shall be the product of the value of the Participant's Account Balance, measured on his Benefit Distribution Date, multiplied by 1/n (where `n' is equal to the total number of annual benefit payments not yet distributed).

• In the event a Participant has a Termination Event prior to his or her Early Benefit Distribution Date, his or her election of an Early Benefit Distribution Date shall not be given effect and distribution of the Participant’s Accounts, to the extent vested, shall be made in accordance with Section 5.1(a) without regard to the Early Benefit Distribution Date.

• However, no amendment completed within twelve (12) full calendar months preceding the Participant’s Termination Event or Early Benefit Distribution Date, if applicable (whichever event or date gives rise to a payment of Benefits to the Participant), or that has the effect of accelerating payments, shall be given effect with respect to Benefits that become payable as of such Termination Event or Early Benefit Distribution Date, if applicable.

• The vested amounts credited to a Participant’s Account shall be paid (or payment shall commence) within 60 days after the earlier of (i) the Early Benefit Distribution Date, if the Participant has made a valid election for early distribution of Benefits pursuant to Section 5.1(b), or (ii) a Termination Event.

More Definitions of Benefit Distribution Date

Benefit Distribution Date means the date that the distribution of all or a portion of a Participant’s vested Account Balance becomes payable under the Plan. A Participant’s Benefit Distribution Date shall be determined based on the event giving rise to the distribution as more fully described in Articles 4 through 7.

Benefit Distribution Date means a future date (or dates) selected by a Participant during the applicable Enrollment Period within guidelines established by the Administrator, as adjusted as permitted in this Plan, on which the Participant shall be entitled to a benefit pursuant to this Plan equal to all or a designated portion of the balance of his Fixed Period Benefit Account.

Benefit Distribution Date means the date benefits under the Plan are first paid to a Participant, or because of his death, to his Beneficiary, which will occur within 90 days of notification to the Company of the event that gives rise to such distribution. In the case of a Retirement or Termination of Employment, Benefit Distributions cannot commence until at least six months after the date of Participant’s Retirement or Termination of Employment.

Benefit Distribution Date means the first day of the first month beginning on or after the date the Executive has attained age 65 and terminated employment with First Charter, or any earlier date mutually agreed to by the Executive and the Board of Directors

Benefit Distribution Date means the date that triggers distribution of a Participant’s vested Account Balance.

Benefit Distribution Date means the date or dates on which a benefit is distributed hereunder:

Benefit Distribution Date means the date upon which all or an objectively determinable portion of a Participant’s vested benefits will become eligible for distribution.