Former Participant definition

Former Participant means a person who has been a Participant, but who has ceased to be a Participant for any reason.
Former Participant means a Participant whose employment has Terminated or a Participant who is no longer an Eligible Employee, but whose Account has a balance greater than zero.
Former Participant means any previous Participant whose participation has terminated but who has a vested interest in the Plan which has not been distributed in full.

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.


More Definitions of Former Participant

Former Participant means a person who had been an active Participant in Part I or Part II of the Plan (as applicable), but who has ceased to accrue further Credited Service for any reason.
Former Participant means a person on whose behalf an Account is maintained, who was an Eligible Employee but who is not entitled to accrue a benefit under this Plan because he or she has ceased to be eligible to participate in the Plan for any reason.
Former Participant means a person who has been an active Participant, but who has ceased to actively participate in the Plan for any reason.
Former Participant means a person who has ceased to be a Participant but who is entitled to immediate or deferred benefits under this Plan.
Former Participant means an employee who has not completed five (5) or more years of Credited Service at the time his employment with the Corporation or an Affiliate terminates or at the time he was removed, upon written notice by the Chief Executive Officer of the Corporation and with the approval of the Committee, from further participation in the Plan.
Former Participant means a Participant whose participation in the Plan has terminated pursuant to section 2.3.
Former Participant means a person whose participation in the Plan has terminated as provided under section 2.3.