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.
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.
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.
He/she will also be entitled to any benefit payable on termination of employment by The Standard Life Assurance Company under the Former Plan.
Notwithstanding the provisions of (a) above, any amount may be paid into the Plan which represents all or any portion of the assets of any other Registered Education Savings Plan entered into by the Subscriber after December 31, 1982 (the "Former Plan") and out of which no Accumulated Income Payment has been made.