Limited Retirement Benefit definition

Limited Retirement Benefit means, if elected by the Sponsoring Employer in the Adoption Agreement and unless otherwise prohibited in an Individual Agreement, the benefit a Participant is permitted to begin to receive upon or following attainment of age 59½, but only if all of the Participant’s Employer Contribution Account is 100% Vested or would be 100% Vested if Severance from Employment occurred prior to distribution, or as otherwise specified in the Adoption Agreement.
Sample 1

Examples of Limited Retirement Benefit in a sentence

  • Limited Retirement Benefit Scheme and the Local Government Pension Scheme.

  • Trustees in a fund independent from those of the Group The information set out overleaf is in respect of both The AssetCo Pension Scheme and the Todd Research Limited Retirement Benefit Scheme.

  • This is the Statement of Investment Principles prepared by the Trustee of the Wall Colmonoy Limited Retirement Benefit Scheme (the Scheme).

  • Provided always that the liability of Suntrust Limited shall not be personal but shall be limited to the extent of the assets of The Flower Grove Limited Retirement Benefit Scheme but without prejudice to the full personal joint and several liability of the other person or persons herein.

  • The defined benefit funds operated by the group are The Bidvest South Africa Pension Fund in South Africa and Angliss Hong Kong Food Service Limited Retirement Benefit Plan.

  • This is a summary of how the Trustee of the National Farmers Union Mutual Insurance Society Limited Retirement Benefit Scheme (the Scheme) obtain, store, use and share your personal information.

  • The Group operates one active defined benefit scheme in the UK, the Brewin Dolphin Securities Limited Retirement Benefit Scheme (BDS RBS).

  • The White Young Consulting Group Limited Retirement Benefit Plan (1986) (“the 1986 Plan”) was a funded defined benefit scheme providing benefits based on final pensionable pay.

  • Retired Minister"An employee who is an ordained minister, and who is eligible to receive a Limited Retirement Benefit in accordance with the provisions of the Convention Annuity Plan, will be considered to be retired, provided that the employee’s work schedule meets the definition of a Reduced Work Schedule.A "Reduced Work Schedule" is any work schedule that is not more than 45% of the regular work schedule of a similarly situated regular employee.

  • One of the Additional Applicants has supplied a document that appears to be contemporaneous to their application to join the Scheme, entitled “Key Features of the Grovesnor Solutions Limited Retirement Benefit Scheme SSAS”.

Related to Limited Retirement Benefit

  • Supplemental Retirement Benefit means the benefit determined under Article V of this Plan.

  • Retirement Benefit means the benefit set forth in Article 5.

  • Pre-Retirement Survivor Benefit means the benefit set forth in Article 6.

  • Normal Retirement Benefit means an annual benefit equal to One Hundred Fifty Thousand Dollars and No/100 ($150,000.00) per year, payable in accordance with the terms of this Agreement. Beginning on the thirteenth month that the Normal Retirement Benefit is paid, and continuing thereafter until paid in full, the Normal Retirement Benefit shall be increased annually by three percent (3%) from the previous year’s Normal Retirement Benefit amount to account for cost of living increases.

  • Plan Benefit means the benefit payable to a Participant as calculated in Article V.

  • Accrued Benefit means the amount standing in a Participant's Account(s) as of any date derived from both Employer contributions and Employee contributions, if any.

  • Retirement Benefits means benefits paid by reference to reaching, or the expectation of reaching, retirement or, where they are supplementary to those benefits and provided on an ancillary basis, in the form of payments on death, disability, or cessation of employment or in the form of support payments or services in case of sickness, indigence or death. In order to facilitate financial security in retirement, these benefits may take the form of payments for life, payments made for a temporary period, a lump sum, or any combination thereof;

  • Termination Benefit means the benefit set forth in Article 7.

  • Early Retirement Benefit means the retirement benefit payable to a member following early

  • Disability Benefit means the benefit set forth in Article 8.

  • Supplemental Benefit means the monthly benefit payable to the Executive under this Agreement.

  • Death Benefit means the insurance amount payable under the Certificate at death of the Insured, subject to all Certificate provisions dealing with changes in the amount of insurance and reductions or termination for age or retirement. It does not include any amount that is only payable in the event of Accidental Death.

  • Net death benefit means the amount of the life insurance policy or certificate to be settled less any outstanding debts or liens.

  • Deferred Retirement Date means, in the case of any Participant who continues in employment after his Normal Retirement Date, the first day of any month following his actual retirement.

  • Public benefit means making capital available, or facilitating the availability of capital, to businesses in this state that have 750 or fewer employees, the intent of which is to create or retain employment opportunities for residents of this state, stabilize or increase the tax base of this state, or support the redevelopment of facilities for use by small businesses.

  • Designated Retirement Account means any retirement plan or account described or qualified under the Internal Revenue Code of 1986, as amended, or a subaccount thereof.

  • Earliest Retirement Age means the earliest date on which, under the Plan, the Participant could elect to receive retirement benefits.

  • Retirement Age means the earlier to occur of:

  • Individual retirement account means a trust, custodial arrangement, or annuity under Section 408(a) or (b), Internal Revenue Code of 1954 (26 U.S.C. Section 408 (1986)).

  • Change in Control Benefit means the benefit described in Section 2.4.

  • Disability benefit recipient means a member who is receiving a disability benefit.

  • Regular benefits ’ means benefits payable to an individual under this act or under any other state law, including benefits payable to federal civilian employees and to ex-servicemen pursuant to 5 U.S.C. chapter 85, other than extended benefits.

  • Supplemental Retirement Plan means (i) the Company’s Amended and Restated Supplemental Executive Retirement Plan, (ii) the Company’s Supplemental Management Retirement Plan, (iii) the Company’s Amended and Restated Top Hat Restoration Plan, and (iv) the Company’s Defined Contribution Restoration Plan.

  • Annual Benefit means an annual sum of fifty thousand dollars ($50,000) multiplied by the Applicable Percentage (defined below) and then reduced to the extent required: (i) under the other provisions of this Agreement; (ii) by reason of the lawful order of any regulatory agency or body having jurisdiction over the Employer; and (iii) in order for the Employer to properly comply with any and all applicable state and federal laws, including, but not limited to, income, employment and disability income tax laws (eg., FICA, FUTA, SDI).

  • Disability Retirement Date means the first day of the month following the last day of paid employment;

  • Disability retirement for plan 1 members, means the period