Examples of Former Participant in a sentence
Life insurance policies shall, at the direction of the Administrator, be surrendered to the Insurer for their cash value or transferred to the Former Participant under the terms of this Plan.
You must return a Former Participant Claim Form that is postmarked by XXXXXX in order to receive a check for your share of the Net Settlement Amount.
Whether you need to submit a claim form to receive your distribution depends on whether you are considered a “Current Participant” or a “Former Participant.” According to Philips’ records, you are a Former Participant.
Subject to the provisions of Subsection (b) of this Section, each Participant or Former Participant may from time to time designate any person or persons (who may be designated primarily, contingently or successively and who may be an entity other than a natural person) as his Beneficiary or Beneficiaries to whom his Plan benefits are paid if he dies before receipt of all such benefits.
YOUR LEGAL RIGHTS AND OPTIONS UNDER THE SETTLEMENT: If You Are a Former Participant, You Must Return The Enclosed Former Participant Claim Form By XXXXX To Receive A Distribution The Plan's records indicate you are a Former Participant.