Examples of DEPP Component in a sentence
Notwithstanding any other provision of the Plan or the Excess Plan to the contrary, and for the avoidance of doubt, the time of payment shall be the same and the form of payment shall be subject to the same rules and restrictions irrespective of whether a Transition Participant receives a Restricted Benefit under this Plan or a DEPP Component Supplemental Retirement Benefit from the Excess Plan.
The amount of the guaranteed payout shall equal the excess, if any, of (i) the Participant's account balance from a vested Restricted Benefit or a vested DEPP Component Supplemental Retirement Benefit determined on the date the Participant Separates from Service over (ii) the sum of all monthly benefits payments made before the date of death of the last annuitant to die.
As tutor of Module 6, I would first like to welcome the students who have been following this course and encourage them to start this final module with all their energy and enthusiasm.
Objectives: To fund the activities and projects that enables the Fund to fulfil its legislated objectives: • Language and Culture study• Entrepreneurship• Leadership• Heritage and Indigenous knowledge.
The scheme further aims at achieving the Inclusiveness ambition of the future ERA policy by involving research institutions from low R&I performing countries under Horizon Europe Pillar 2 actions.Main selection criteria are excellence and added value of the new partner performing a relevant additional task in the project.
If a Participant is married or has a domestic partner (as defined in the Dow Employees' Pension Plan) when the Participant Separates from Service, then the Participant's vested Restricted Benefits, vested DEPP Component Supplemental Retirement Benefits, and/or vested Cadre Benefits shall be paid in the form of a 100 % joint and survivor annuity.
For the Restricted Benefits and/or DEPP Component Supplemental Retirement Benefits, to the extent the Participant is eligible to elect it, any of the three options described above – single life annuity, 50% joint and survivor annuity, or 100% joint and survivor annuity – with a Guaranteed Payout Option.
A Participant in the Plan shall be entitled to receive a Restricted Benefit, a DEPP Component Supplemental Retirement Benefit, a PPA Component Supplemental Retirement Benefit, and/or a Cadre Benefit, as applicable.
Subject to the special rules provided in this Section 4.1, a Participant’s vested DEPP Component Supplemental Retirement Benefits shall be payable in one of the actuarially equivalent life annuities described below.
Subject to the delay for Key Employees, a Participant's vested Restricted Benefits, vested DEPP Component Supplemental Retirement Benefits, and/or vested Cadre Benefits that satisfy the description of small benefits in Section 4.01(a)(iii) shall be paid as a single lump sum in the third month following the Participant's Separation from Service.