Examples of Late Retirement Pension in a sentence
A Member who continues employment with the PepsiCo Organization or any Employer after his Normal Retirement Age shall be entitled to a Late Retirement Pension.
The Late Retirement Pension benefit shall commence as of the first of the month following or coinciding with the Participant’s Actual Retirement Date and shall continue in equal monthly installments as provided in Article X until termination of benefits under Section 6.05.
In the case of joint applicants, the Company is authorised to accept instructions relating to voting rights, transfers, conversions and redemptions from the first-named applicant in the application unless it receives instructions to the contrary The Shares are transferable without restriction unless the Board of Directors has restricted ownership of the Shares to specific persons or organisations.
The annual Late Retirement Pension shall be the amount determined in accordance with the Normal Retirement Benefit described in Section 5.02 based on Credited Service and Final Average Earnings at the Participant’s Actual Retirement Date.
The Normal Form of pension for a Participant eligible for a Normal or Late Retirement Pension shall be a pension payable monthly for such period as provided for under the terms of the Plan.
In addition to the annual Late Retirement Pension payable under Section 6.02, an eligible Participant shall receive a supplemental annual allowance (payable monthly) of $3,000 until termination of benefits under Section 6.05.
Any Late Retirement Pension benefits payable under Section 6.02 and/or Section 6.04 shall be reduced by any benefit that the Participant is eligible to receive under the Virginia Retirement System.
In any event, Option 1 Late Retirement Pension benefits payable under Section 6.02 and/or6.04 shall terminate at age 50.
Thereafter, a Participant shall be eligible for a Late Retirement Pension determined in accordance with Section 4.4 of the Salaried Plan (but without regard to any requirement for notice of suspension under ERISA section 203(a)(3)(B) or any adjustment as under Section 5.5(d) of the Salaried Plan).4.5409A Disability Pension: A Participant shall be eligible for a 409A Disability Pension if he meets the requirements for a Disability Pension under the Salaried Plan.
Termination of employment for reason other than death or transfer to another Employer or Related Company after a Participant has completed all requirements for a Normal, Early, or Late Retirement Pension.