Former Plan definition
Examples of Former Plan in a sentence
In this regard, the vested portion of such remaining retirement income benefit will be equal to 50% after five (5) years for participation in the Plan and the Former Plan, scaling up by 10% per year to 100% after ten (10) years of such participation.
If an amount is transferred to the Plan from a Former Plan that was entered into before the Plan was entered into, no Subscriber Contribution may be made by or on behalf of the Subscriber after the thirty-first year following the year in which the Former Plan was entered into.
This benefit will also be supplemented from this Plan to place the pension payable from Standard Life under the Former Plan on the same unreduced basis as is provided under this Plan.
The aggregate Final Dollar Recoveries of the Former Plan Participants in the respective Plans shall be invested in a money market fund that invests primarily in United States treasury instruments, pending allocation to the Former Plan Participants.
Specifically, the Plan shall deemed to be entered into on the day that is the earlier of (i) the day on which the Former Plan was entered into, and (ii) the day on which the Plan was entered into.