Examples of Frozen MSBP Participant in a sentence
Author ManuscriptAuthor ManuscriptIn the case of CRCs, it is now widely accepted that gut microbes contribute to CRC progression through various mechanisms such as the induction of chronic inflammatory state and the production of toxic metabolites, which in turn affects stem cell precursors (Tsilimigras, Fodor, & Jobin, 2017).
The Frozen MSBP Participant may not receive both the Participant's MSBP benefit and the Participant's Account.
With respect to a Frozen MSBP Participant or a Grandfathered MSBP Participant, the portion of the MSBP benefit in excess of the Pre-2005 Benefit.
The benefit available to a Frozen MSBP Participant shall be calculated as described in section 5.01(a) or (b).
In addition, an employee who is a Grandfathered MSBP Participant, a Frozen MSBP Participant or a Grandfathered SDBRIP Participant shall also be a participant in the Plan.
If a Grandfathered or Frozen MSBP Participant makes an election to have his or her benefit calculated in accordance with Section 5.02(b) and such Participant survives his or her designated beneficiary prior to full payment of the benefit, the Participant shall continue to receive the benefit as originally calculated.
If a Frozen MSBP Participant who had a designation of Group III under the MSBP as of January 1, 2001, is subsequently promoted and designated a Group II or Group I Participant, such Participant’s MSBP benefit at termination will be calculated with the target percentage of average final compensation and service index reflective of the Participant’s Group at termination.
Distribution of the MSBP benefit to a Grandfathered MSBP Participant or a Frozen MSBP Participant who elects under Section 5.2(b) to receive the Participant’s MSBP benefit instead of the Participant’s Account will be made as provided in Appendix A.
Effective October 30, 2006, a Frozen MSBP Participant who has Compensation Credits or Discretionary Contributions credited to his or her Account under section 4.01 must make the election described in section 5.02.
A Frozen MSBP Participant who has not had any Compensation Credits or Discretionary Contributions credited to his or her Account under section 4.01 does not have an election as described in section 5.02.