Examples of Eligible Executive in a sentence
Thus, under this reading it is clear that if an Eligible Executive under the 1982 plan retired or left Mead’s employ of his own volition, and Mead did not consent to this early retirement, then the Eligible Executive would not lose his benefits; he merely could not collect them until he attained the age of sixty-two.
The Eligible Executive may designate on the Election Form (or on a separate form provided by the Plan Administrator) a Beneficiary (or Beneficiaries) to receive payment of amounts in his Account in the event of his death.
An Eligible Executive shall receive a basic retirement benefit upon termination of service with the Company on or after his 62nd birthday.
Unless the Company otherwise determines for a designated Eligible Executive (other than an Executive Officer of the Company), an Eligible Executive who is covered by a defined benefit supplemental executive retirement plan maintained by the Employer shall not be eligible to receive Employer matching contribution credits under the Plan.
Thereafter, unless the Board otherwise determines, as of the end of each Plan Year (or as of such other date as the Board may determine), there shall be credited to the Supplemental Subaccount of each Eligible Executive who is employed on the last day of the Plan Year and who has a Year of Service for such Plan Year an amount equal to three percent (3%) of the Eligible Executive's Compensation for such Plan Year.