Option 5 definition
Option 5. [ ] As of such times established by the Plan Administrator in a uniform and nondiscriminatory manner.
Option 5. [ ] Other (Specify) _______________________________________ NOTE: If no option is selected, Option 1 will be deemed to be selected. Also note that the Plan's Valuation Dates must be at least as often as the frequency chosen here.
Option 5. [ ] As of such times established by the Plan Administrator in a uniform and nondiscriminatory manner. OPTION 6: [ ] Other (Specify)_________________________ NOTE: If no option is selected, Option 3 will be deemed to be selected.
Examples of Option 5 in a sentence
Employees selecting Option (5) will not be placed on any geographic area layoff list for the classification from which he/she is being laid off.
Employees selecting Option (5) will not be placed on any geographic area layoff list for the classification from which they are being laid off.
We will furnish values for other age combinations (than those shown in Option 5 Table) upon request.
Under Option 5, Annuity Payments are made to the Annuitant and in the event of the Annuitant's death, to the Designated Beneficiary.
Yes No OPTION B – Disclosure of Board of Directors (Not-for-Profits) If you selected Option 5 in Step 1, list members of your board of directors.
More Definitions of Option 5
Option 5. Binding Arbitration If there is an adverse decision against the party who filed the grievance, or no decision has been reached within 60 calendar days after the filing of a grievance (Step 4), the aggrieved party may submit the grievance to binding arbitration before a qualified arbitrator who is jointly selected and who is independent of the interested parties. If the parties cannot agree on an arbitrator, within 15 calendar days after receiving a request from one of the parties, the CNCS Chief Executive Officer will appoint an arbitrator from a list of qualified arbitrators. An arbitration proceeding must be held no later than 45 calendar days after the request for arbitration, or, if the arbitrator is appointed by the CNCS Chief Executive Officer, the proceeding must occur no later than 30 calendar days after the arbitrator’s appointment. A decision must be made by the arbitrator no later than 30 calendar days after the date the arbitration proceeding begins. The cost of the arbitration proceeding must be divided evenly between the parties to the arbitration. If, however, a participant, labor organization, or other interested individual prevails under a binding arbitration proceeding, the State or local applicant that is a party to the grievance must pay the total cost of the proceeding and the attorney’s fees of the prevailing party. A suit to enforce arbitration awards may be brought in any Federal district court having jurisdiction over the parties without regard to the amount in controversy or the parties’ citizenship.
Option 5. Fixed Life Annuity Monthly payments for the Payee's lifetime, without a guaranteed period. See Table D.
Option 5. [ ] As of such times established by the Plan Administrator in a uniform and nondiscriminatory manner. OPTION 6: [ ] Other (Specify) ------------------------------------- ------------------------------------- NOTE: If no option is selected, Option 3 will be deemed to be selected.
Option 5. [X] As of such times established by the Plan Administrator in a uniform and nondiscriminatory manner. Option 6: [ ] Other (Specify) ____________________________________________________________________ NOTE: If no option is selected, Option 3 will be deemed to be selected. Part G. Claiming Excess Elective Deferrals: Participants who claim Excess Elective Deferrals for the preceding calendar year must submit their claims in writing to the Plan Administrator by (Choose one): Option 1: [X] March 1.
Option 5 o Not applicable. The cashout distribution provisions in Plan Section 4.01(C)(1) will not apply.
Option 5. The Total Package (Best Value) - Comprehensive Classification & Compensation Study including all elements previously identified plus additional consultant services
Option 5. All Parties shall, on the basis of self-differentiation and national capacity, report information through existing institutions, with no backsliding, and follow the procedural guidelines and provisions provided in the following review methods based on the following tiers: