Examples of Disability Retirement Age in a sentence
A Participant shall be 100% vested upon Death, Disability, Retirement Age or Plan Termination.
DISABILITY RETIREMENT DATE means the first day of the seventh month following the date a Participant attains his Disability Retirement Age.
A Participant who incurs a Severance From Service on or after his Disability Retirement Age shall be entitled to a disability retirement pension, which shall commence on his Disability Retirement Date.
A Participant who has completed at least five (5) years of Vesting Service and who incurs a Severance From Service before he becomes eligible to retire at his Normal Retirement Age, his Disability Retirement Age, or his Early Retirement Age shall be entitled to receive a retirement income for life commencing upon his Normal Retirement Date in an amount equal to his Accrued Benefit.
A Disabled Participant shall be entitled to receive the Participant’s Disability Retirement Benefit commencing on the first day of the calendar month coincident with or next following the date on which the Participant attains his or her Disability Retirement Age.
In addition, in the event that the Participant’s employment is terminated by the Company without Cause or by the Participant for any reason prior to the earliest of (a) attainment of his or her Normal Retirement Age (except as provided under Section 2.1(c) above), (b) the Participant’s satisfaction of the Rule of 80, (b) attainment of his or her Disability Retirement Age, or (c) a Change in Control, then no benefits shall be paid to the Participant or his or her Beneficiary under this Plan.
A Participant, whose employment with the Company and its Affiliates terminates on account of his or her Disability after the Participant (i) has attained his or her Disability Retirement Age, and (ii) has completed his or her Requisite Years of Service, shall be entitled to receive the Participant’s Disability Retirement Benefit commencing on the first day of the calendar month coincident with or next following the date on which the Participant attains his or her Disability Retirement Age.
The first sentence of SECTION 4.05 is amended to read as follows: A Participant who terminates active employment upon attainment of his Disability Retirement Age shall be entitled to a disability retirement pension which shall commence on his Disability Retirement Date.
If a Participant’s employment with the Company and its Affiliates terminates on account of his or her Disability after attaining his or her Disability Retirement Age but prior to the completion of his or her Requisite Years of Service, such Participant shall be entitled to receive the Participant’s Reduced Disability Retirement Benefit commencing on the first day of the calendar month coincident with or next following the date on which the Participant attains his or her Disability Retirement Age.
SECTION 1.11, the definition of "Disability Retirement Age" is amended to read as follows: 4 1.11 DISABILITY RETIREMENT AGE means the age at which a Participant terminates his active employment on or after attaining the age of forty (40), after completing at least fifteen (15) years of Vesting Service, and by reason of a Total and Permanent Disability.