Cash Balance Participant definition

Cash Balance Participant means a Participant who is a Cash Balance Member in the Qualified Plan.
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Cash Balance Participant means a Participant who is entitled to receive a Cash Balance Pension Benefit under the Qualified Retirement Plan.
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Cash Balance Participant means an Executive for whom a Retirement Account is maintained under the Pension Plan.
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Examples of Cash Balance Participant in a sentence

  • The Opening Balance of a Cash Balance Participant who was an Active Participant in the Plan on January 1, 2002 and was an active Employee on April 1, 2002 is the Actuarially Equivalent present value of his Frozen Accrued Benefit determined as of January 1, 2002.

  • The Opening Balance of any other Cash Balance Participant is zero.

  • For each Plan Year beginning on or after January 1, 2002, a Service Credit shall be credited to the Cash Balance Account of any Cash Balance Participant who is an Active Participant at any time during such Plan Year.

  • For Cash Balance Participants who are reemployed after July 1, 2018, within three (3) months of the date of reemployment, the Cash Balance Participant shall be given the opportunity to file an appropriate election with the System as permitted by, and to the extent eligible, under section 7B5(a) and/or section 7B5(b).

  • For a Cash Balance Participant, his Frozen Accrued Benefit or his Cash Balance Account as of that date; provided, however, that if the Participant has not attained Normal Retirement Date, the value of his Cash Balance Account shall be determined assuming Interest Credits continue to accrue on such account until his Normal Retirement Date at the rate in effect under Section 5.7.

  • Effective September 30, 2016, the Accounts of each Cash Balance Participant who first became a member of the System on or after January 1, 1996, and has less than ten (10) years of cash balance service as of October 1, 2016, shall not be credited with any additional pay-based credits on or after October 1, 2016.

  • A "Service Credit" means the amount credited to the Cash Balance Account of any Cash Balance Participant who accrues Credited Service for the Plan Year, determined as provided in Section 5.8 of the Plan.

  • A "Cash Balance Participant" means a Participant who is an Active Participant on or after April 1, 2002 and who is not a Grandfathered Participant.

  • Effective October 1, 2018, any member who is a Cash Balance Participant and makes the election under section 7B5(a) shall become ineligible to make any further contributions to the System as otherwise permitted by this section 9A1.

  • Additional single family homes in this area will be compatible with the surrounding neighbourhood.


More Definitions of Cash Balance Participant

Cash Balance Participant means an employee who is on the active roll of a Participating Company as an Officer on or after January 1, 1998. Notwithstanding the preceding sentence, an individual who is promoted to an Officer position after December 31, 2008 shall not be eligible to earn benefits as a “Cash Balance Participant.”
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Cash Balance Participant means a Participant who has a Cash Balance benefit from the Retirement Plan that is governed by the terms of the Cash Balance Plan Document.
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Cash Balance Participant means any Employee who is a “Cash Balance Participant” in the 401(k) Plan.
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Cash Balance Participant or "Participant" shall mean an employee who is a member of the System and who is a Participant in the Cash Balance Benefit Structure in accordance with the terms of section 7.B.
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Cash Balance Participant means a Participant who is a “Cash Balance Participant” as defined by the Qualified Plan.
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Cash Balance Participant means a Participant deemed to be a Cash Balance Participant pursuant to Section 3.2.
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Related to Cash Balance Participant

  • Active Participant means a Participant who has satisfied the eligibility requirements under Section 3 and who has at least 1,000 Hours of Service during the current Plan Year. However, a Participant shall not qualify as an Active Participant unless (i) he is in active Service with an Employer as of the last day of the Plan Year, or (ii) he is on a Recognized Absence as of that date, or (iii) his Service terminated during the Plan Year by reason of Disability, death, or Normal Retirement.

  • FTR Participant means any Market Participant that provides or is required to provide Collateral in order to participate in PJM’s FTR auctions.

  • Inactive Participant means each Participant (other than a Retired Participant, Deceased Participant or Disabled Participant) who is not in active service as an Outside Director and is not actively employed by a Participating Company.

  • Retired Participant means a person who has been a Participant, but who has become entitled to retirement benefits under the Plan.

  • 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.

  • Disabled Participant with respect to a loan if it has no right to exercise any voting or other control rights with respect to such loan (other than the right to approve amendments to the material economic terms of such loan).

  • L/C Participant shall have the meaning provided in Section 3.3(a).

  • Plan Benefit means the benefit payable to a Participant as calculated in Article V.

  • Participant’s Account means an account maintained for each Participant’s participation in DSUs and/or RSUs under the Plan;

  • Former Participant means a person who has been a Participant, but who has ceased to be a Participant for any reason.

  • Elective Deferral Account means the account established hereunder to which Elective Deferrals (including a separate accounting for Catch-Up Contributions) are allocated. Amounts in the Participant's Elective Deferral Account are nonforfeitable when made and are subject to the distribution restrictions of Section 12.2(e). The Elective Deferral Account may consist of the

  • CDS Participant means a broker, dealer, bank or other financial institution or other person for whom, from time to time, CDS effects book entries for the Units deposited with CDS.

  • Qualified Participant means any Participant or Former Participant who has completed ten (10) Years of Service as a Participant and has attained age 55.

  • First Tier Participant refers to the participant who has entered into a covered transaction with a grantee or subgrantee of Federal funds (such as the prime or general contractor). “Lower Tier Participant” refers any participant who has entered into a covered transaction with a First Tier Participant or other Lower Tier Participants (such as subcontractors and suppliers).

  • Eligible Earnings means the Grantee's base salary (prior to any deferrals under a cash or deferred compensation plan sponsored by the Corporation or an Affiliate) paid during the Plan Year. From time to time the Plan Administrator may, in its sole discretion, establish rules for determining the amounts of Eligible Earnings for employees who become Grantees other than on the first day of a Plan Year as well as any reduction of Eligible Earnings as a result of paid leave of absences.

  • Employer Contribution Account means, for any Participant, the account established by the Administrator or Trustee to which Employer Contributions made under Section 3.5 for the Participant's benefit are credited.

  • Eligible Participant means an employee, officer, consultant or director of the Company or any Affiliate.

  • Matching Contribution Account means the separate, individual account established on behalf of a Participant to which the Matching Contributions made on such Participant's behalf are credited, together with all earnings and appreciation thereon, and against which are charged any withdrawals, loans and other distributions made from such account and any losses, depreciation or expenses allocable to amounts credited to such account.

  • Lower Tier Participant refers any participant who has entered into a covered transaction with a First Tier Participant or other Lower Tier Participants (such as subcontractors and suppliers).

  • Plan Participant means a person who is eligible to receive, and is receiving, a pension benefit from the Plan.

  • Service benefit means the credit toward retirement benefits as determined by the

  • Exchange Participant means (a) the Bank which is a person registered as a China Connect Exchange Participant (as defined in the SEHK China Connect Rules) by SEHK; or (b) where the context requires, any China Connect Exchange Participant (as defined in the SEHK China Connect Rules).

  • Rollover Account means the account established hereunder to which amounts transferred from a qualified plan or individual retirement account in accordance with Section 4.6 are allocated.

  • Individual retirement account means a trust, custodial arrangement, or annuity under Section 408(a) or (b), Internal Revenue Code of 1954 (26 U.S.C. Section 408 (1986)).

  • Plan Year means the calendar year.

  • Non-Highly Compensated Participant means any Participant who is neither a Highly Compensated Employee nor a Family Member.