Grandfathered Participant definition

Grandfathered Participant means an Inactive Participant who, on or before December 31, 1991, entered into a written agreement with the Company to terminate service to the Company or gives written notice of intention to terminate service to the Company, regardless of the actual date of termination of service.

Grandfathered Participant means a Participant who (i) is an employee of a Participating Employer on July 1, 1997, and (ii) has both attained age 50 and completed at least ten years of vesting service under the Retirement Plan on such date.

Grandfathered Participant means an eligible Employee who satisfies both of the following requirements: (i) the eligible Employee was an active participant in the Predecessor Plan as of August 1, 2008 who was accruing a Predecessor Plan benefit that is calculated under Article VI of the Funded Plan or the CNI formula set forth in Exhibit A; and (ii) the Eligible Employee was grandfathered in 1998 in his/her right to have his/her benefit under the Predecessor Plan calculated using the benefit formula set forth under Article VI of the Funded Plan or was grandfathered in 2002 in his/her right to have his/her benefit under the Predecessor Plan calculated using the benefit formula set forth in Exhibit A.

Examples of Grandfathered Participant in a sentence

• You are a Grandfathered Participant if you had received 10 or more years of Vesting Service prior to January 1, 2014.

• Distribution of the amounts deferred for any Plan Year by a Participant (other than a Grandfathered Participant and an Inactive Participant who makes an Election under Section 3.6.5) who ceases to be an Active Participant shall be made on the payment date designated by the Participant on the last Election filed with respect to such deferred amounts before the Participant ceased to be an Active Participant.

• In determining a Participant’s Qualified Retirement Benefit, the Participant’s Cash Account Balance shall not be credited with Pay Credits for any period of time on or after October 1, 2001, and in the case of a Participant who is a Grandfathered Participant, the Grandfathered Benefit shall be calculated considering the Participant’s Final Average Earnings, Credited Service (not in excess of 20 years) and Social Security offset as of October 1, 2001.

• Officers assigned to the patrol, station, and neighborhood police divisions work a “four-and-two” schedule, working four days followed by two days off.

• With respect only to an Employee who is a Grandfathered Participant, each hour for which he would have been scheduled to work for an Employer during the period of time he is absent from work because of Disability, determined based on the work schedule in effect for such Employee immediately prior to the date he became Disabled; provided, however, that Hours of Service shall be credited hereunder only until the earlier of the Employee's Annuity Starting Date or his Normal Retirement Date.

More Definitions of Grandfathered Participant

Grandfathered Participant means a Participant who on December 31, 1998 (i) was employed by the Employer, (ii) participated in the Plan and (iii) had completed at least five years of Credited Service and attained age 50.

Grandfathered Participant means any Participant

Grandfathered Participant means a Participant designated as a "Grandfathered Participant" under the Pension Plan.

Grandfathered Participant means a Participant listed on Exhibit I to the Plan.

Grandfathered Participant means a Director of the Company who was a participant in the Grandfathered Plan immediately prior to the Effective Date.

Grandfathered Participant means a Participant who was a participant in the Grandfathered Plan immediately prior to the Effective Date.

Grandfathered Participant means any Participant who had a Separation from Service before January 1, 2015.