In Pay Status definition

In Pay Status means that a participant is entitled to remuneration from a member organization under the terms of his or her appointment.

In Pay Status means, with respect to a benefit, that an Executive or Beneficiary has met all of the requirements to receive such benefit, and it is being paid or is about to be paid to such Executive or Beneficiary. No benefit can be paid under this Plan unless the Executive has incurred a Separation from Service.

In Pay Status means, with respect to a benefit under the Plan, that a Participant or Beneficiary has met all of the requirements to receive such benefit and it is being paid or is about to be paid to such Participant or Beneficiary.

Examples of In Pay Status in a sentence

• An Executive who has a Separation from Service before he is In Pay Status and subsequently is re-employed by the Company or an Affiliate shall not resume his status as an Executive unless approved by the Committee.

• Such amendment or termination may modify or eliminate any benefits hereunder other than a benefit that is In Pay Status, or the vested portion of a benefit that is not In Pay Status.

• The amendment and restatement effective November 1, 2007, shall not result in the decrease or increase of any Retirement Income Benefit of any Executive who is In Pay Status or any Pre-Retirement Death Benefit being paid as of October 31, 2007.

• An Executive who is In Pay Status following a Separation from Service and is subsequently re-employed by the Company or an Affiliate shall remain In Pay Status.

• Participants In Pay Status: If a Participant who has started receiving distribution of his or her retirement benefit dies before the entire benefit has been distributed, the balance of the benefit will be distributed to the Participant's Beneficiary at least as rapidly as under the method of distribution being used on the date of the Participant's death.

More Definitions of In Pay Status

In Pay Status means earning pay through the City’s active employee payroll system.

In Pay Status means earning pay.

In Pay Status means a benefit under the Plan that is currently being paid or that is about to be paid to a Participant or Beneficiary under Section 5.01, 6.03, 6.04 or 6.05.

In Pay Status means an employees’ regular wages (including benefit leave pay) is greater than zero. All annual leave accruals must be exhausted prior to taking leave without pay.

In Pay Status means, with respect to a benefit under the Plan, that a Participant or Beneficiary has met all of the requirements to receive such benefit and it is being paid or that the date on which such benefit is to commence has passed.

In Pay Status. Defined. For the purposes of this Section, benefits shall be deemed "in pay status" if the Participant's Benefit Commencement Date occurs on or before the date of his/her death.

In Pay Status means time worked and time off work but for which the employee is compensated because of a holiday, use of any kind of leave with pay, or because of use of compensatory time credits.