Commutable definition

Commutable. . Broadly speaking, this means you won’t be able to stop the pension and cash it out as a lump sum.
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Commutable means being able to convert the pension into a lump sum.
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Examples of Commutable in a sentence

  • Commutable Work Period Flight Attendant may bid that their work period begins after a specific time and ends prior to a specified time.

  • In the event the Company opens an office in the US, you will be required to work primarily out of that office location if office location is within a reasonable or Commutable distance from Westport, CT.

  • When calculating Commutable Distance, the RTW Consultant will use both the miles and the minutes to determine if the Position identified falls within the Commutable Distance definition, e.g. the Position exceeds the 45 miles but the commute time is 59 minutes for LTD Program Plan III, the Position in this example is within a Commutable Distance.

  • The amount so transferred will first be deducted from that portion of the specific payment which is not listed below as a Commutable Payment.

  • The payee designation for a specific payment may be irrevocable, and nothing herein shall imply that any Commutable Payment is eligible for transfer to any other person.

  • If the amount transferred cannot be fully satisfied exclusive of the that portion listed below as a Commutable Payment, any remaining amount necessary to satisfy said transfer shall be deemed to have been removed from the Commutable Payments hereunder.

  • Following ▇▇▇▇▇▇ ▇▇▇▇’▇ death, 100% of the remaining and unpaid certain payments listed below as Commutable Payments will be commuted in exchange for a lump sum equal to 95% of the present value of the unpaid Commutable Payments, as calculated by the Annuity Issuer.

  • Commutable Distance: Thirty-five (35) mile radius from the employee’s residence.

  • However, if ▇▇▇▇▇▇ ▇▇▇▇ has transferred any amount of a specific payment to any other person pursuant to an order of a court under applicable state law, the amount so transferred will not be considered to be a Commutable Payment.

Related to Commutable

  • Tuition means the total amount of money charged for the cost of a qualifying student to attend an independent school including, but not limited to, fees for attending the school and school-related transportation.

  • Donation means voluntary contributions in money or in kind (including goods or services etc.) to individuals or charitable entities (such as foundations, associations and other nonprofit organizations); universities and other schools; and other private or public legal entities or organizations etc. to advocate a philanthropic cause, serve the public interest and help achieve a social goal, without a consideration received in return.

  • Passthru payments means any withholdable payment and any "foreign passthru payment," which is currently not defined. The current proposed FATCA regulations (“Proposed Regulations”) state that the Internal Revenue Service and the U.S. Treasury have determined, that withholding on “foreign passthru payments” is not required, pending further guidance and analysis. The Proposed Regulations provide that such withholding will not be effective before the date that is two years after the publication of final regulations defining the term “foreign pass-thru payment”.

  • Tuition pupil means a pupil of school age attending school in a district other than the pupil's district of residence for whom tuition may be charged to the district of residence. Tuition pupil does not include a pupil who is a special education pupil, a pupil described in subsection (6)(c) to (o), or a pupil whose parent or guardian voluntarily enrolls the pupil in a district that is not the pupil's district of residence. A pupil's district of residence shall not require a high school tuition pupil, as provided under section 111, to attend another school district after the pupil has been assigned to a school district.

  • Capitation Payment means a payment the STATE makes periodically to the MCO for each Enrollee covered under the Contract for the provision of services as defined in Article 6 regardless of whether the Enrollee receives these services during the period covered by the payment.