PERI Participant definition

PERI Participant means an Executive who is a participant in the PERI Plan pursuant to ARTICLE 2. The term “PERI Participant” includes an individual who has ceased to actively participate in the PERI Plan but who has not received payment of his entire PERI Benefit.
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Examples of PERI Participant in a sentence

  • Section 2.1. An Executive becomes a PERI Participant on the date that is 30 days after it is determined by the Compensation Committee that the Executive satisfies the criteria specified in Section 1.1(f) for becoming an Executive.

  • While the resulting data lack the comprehensiveness and precision of usual macroeconomic data, they are in- dicative of broad orders of magnitudes.

  • For a PERI Participant who begins receiving payment under the PERI Plan before attaining age 65, the PERI Benefit payable under the PERI Plan will be reduced by the early payment actuarial discount established under the ERP for the commencement of benefits before age 65.Section 3.3. Payment Upon Separation from Service.

  • Notwithstanding the preceding Subsection, to the extent permissible under Code Section 409A, a PERI Participant who has elected an annuity form of payment will be permitted at any time to make an election to receive payment under an actuarially equivalent form of annuity without regard to the requirements of Subsections (2), (3), and (4) above.

  • If a PERI Participant fails to make a valid election under this Section, payment will be made in accordance with Section 4.2.Section 4.6. Special 409A Transitional Rules.

  • Payment of the Spousal Benefit will commence on the first day of the month coincident with or following the date the PERI Participant would have attained age 50 had he survived.

  • Payment of the Spousal Benefit will commence as soon as practicable, but not later than 90 days, following the death of the PERI Participant.

  • The Agent will be required to submit a new application for accreditation and execute a new Passenger Sales Agency Agreement for its new country.

  • PAUL, MINNESOTABOARD OF COMMISSIONERS MINUTES TUESDAY, DECEMBER 21, 2021The Ramsey County Board of Commissioners met in regular session at 9:02 a.m. with the following members present: Frethem, MatasCastillo, Mc- Donough, McGuire, Ortega, Reinhardt, and Chair Carter.

  • If necessary to effectuate the terms of a domestic relations order that requires payment to an Alternate Payee under a shared payment arrangement, a PERI Participant will be permitted to elect a joint and survivor annuity that provides for a survivor benefit in any whole percentage between 5% and 100% in accordance with the terms of the order.

Related to PERI Participant

  • FTR Participant means any Market Participant that provides or is required to provide Collateral in order to participate in PJM’s FTR auctions.

  • L/C Participant shall have the meaning provided in Section 3.3(a).

  • Inactive Participant means each Participant (other than a Retired Participant, Deceased Participant or Disabled Participant) who is not in active service as an Outside Director and is not actively employed by a Participating Company.

  • Active Participant means a Participant who has satisfied the eligibility requirements under Section 3 and who has at least 1,000 Hours of Service during the current Plan Year. However, a Participant shall not qualify as an Active Participant unless (i) he is in active Service with an Employer as of the last day of the Plan Year, or (ii) he is on a Recognized Absence as of that date, or (iii) his Service terminated during the Plan Year by reason of Disability, death, or Normal Retirement.

  • CDS Participant means a broker, dealer, bank or other financial institution or other person for whom, from time to time, CDS effects book entries for the Units deposited with CDS.

  • Participant has the meaning specified in Section 10.06(d).

  • Former Participant means a person who has been a Participant, but who has ceased to be a Participant for any reason.

  • Eligible Employee means full-time and part-time employees in the bargaining unit who have completed four hundred and fifty (450) hours of service and who are not prohibited from contributing to the Plan by legislation or the Plan rules because of their age or because they are in receipt of a pension from the Plan.

  • Plan Participant means a person who is eligible to receive, and is receiving, a pension benefit from the Plan.

  • Retired Participant means a person who has been a Participant, but who has become entitled to retirement benefits under the Plan.

  • Designated Participant means a key Employee of the Company or any other Participating Company who is designated by the Committee in writing to participate in the Program.

  • Qualified Participant means any Participant or Former Participant who has completed ten (10) Years of Service as a Participant and has attained age 55.

  • Program participant means an individual certified by the secretary as a program participant under Iowa Code section 9E.3.

  • Disabled Participant with respect to a loan if it has no right to exercise any voting or other control rights with respect to such loan (other than the right to approve amendments to the material economic terms of such loan).

  • Current Participant means a Class Member who has an Active Account in one or both the Plans as of August 5, 2020.

  • Eligible Participant means an employee, officer, consultant or director of the Company or any Affiliate.

  • Participating employee means an employee whose election to participate in a Plan has been approved by the employer.

  • A Participant or beneficiary ("claimant") who has not received benefits under the Plan that he or she believes should be paid shall make a claim for such benefits as follows:

  • Study Participant means a person recruited to participate in the Study.

  • Other Participant means a cooperative project participant other than the United States.

  • Terminated Participant means a person who has been a Participant, but whose employment has been terminated other than by death, Total and Permanent Disability or retirement.

  • U.S. Participant means a Participant who is a citizen of the United States or a resident of the United States, as defined in section 7701(a)(30)(A) and section 7701(b)(1) of the Code and any other Participant who is subject to tax under the Code with respect to compensatory awards granted pursuant to the Plan;

  • Eligible employer means any municipality with a municipal

  • Eligible Executive means an employee of the Company selected as being eligible to participate in this Plan under Section C.1.a.

  • Loan Participant means each Purchaser and its respective successors and registered assigns, including any Certificate Holder.

  • Non-U.S. Participant means any Participant that if it were a Lender would qualify as a Non-U.S. Lender.