Phased Retirement Participant definition

Phased Retirement Participant means an individual who is eligible for the Voluntary Phased Retirement Plan under SECTION 5.2(g) and who elects to participate in the Voluntary Phased Retirement Plan.
Sample 1Sample 2

Examples of Phased Retirement Participant in a sentence

  • For greater certainty, any Pre-Conversion Phased Retirement Participant shall continue to participate in the Phased Retirement Option under the CBE Shared Risk Plan for the duration of the phased retirement period elected under the CBE Plan.

  • Each Pre-Conversion Phased Retirement Participant as of the Conversion Date shall automatically be a Member of the CBE Shared Risk Plan.

  • If, after due deliberation and consultation, an eligible faculty member decides to become a Phased Retirement Participant, the two documents must be notarized and returned to the Director of Benefits, Human Resources.

  • A Phased Retirement Participant shall remain eligible for benefits under the University benefit plans, including University Contributions of up to 10% of his or her Regular Salary (if applicable under SECTION 3.2(b) above), to the extent provided by the terms of those plans and to the extent that the Phased Retirement Participant continues to make any applicable contributions for such benefits.

  • A Phased Retirement Participant may withdraw in cash, before his or her severance from employment with the University, all Participant Contributions and University Contributions made to his or her Accumulation Account and any earnings accrued thereon, as described in paragraph (g) below.

  • When the Agreement for Phased Retirement and General Release become irrevocable, the Phased Retirement Participant may elect to receive distributions from his or her Accumulation Account during the phased retirement period.

Related to Phased Retirement Participant

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

  • 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.

  • 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.

  • Qualifying Retirement means the Employee’s voluntary termination of employment after the Employee has (i) attained (X) age sixty-five (65), (Y) age fifty-five (55) with ten (10) Years of Service as a full-time employee of the Partnership or any of its Affiliates, or (Z) an age which, when added to such Years of Service of the Employee equals at least seventy-five (75), and (ii) previously delivered a written notice of retirement to the Partnership and on the date of retirement the Employee has satisfied the minimum applicable advance written notice requirement set forth below: Age at Voluntary Termination Number of Years of Advance Notice 58 or younger 59 60 or older 3 years 2 years 1 year By way of illustration, and without limiting the foregoing, if (i) the Employee is eligible to retire at age fifty-nine (59) after ten (10) Years of Service, (ii) the Employee gives two (2) years notice at age fifty-eight (58) that the Employee intends to retire at age sixty (60), and (iii) the Employee later terminates employment at age fifty-nine (59), then the Employee’s retirement at age fifty-nine (59) would not constitute a Qualifying Retirement. However, if (i) the Employee is eligible to retire at age fifty-nine (59) after ten (10) Years of Service, (ii) the Employee gives two (2) years notice at age fifty-eight (58) that the Employee intends to retire at age sixty (60), and (iii) the Employee terminates employment upon reaching age sixty (60), then the Employee’s retirement at age sixty (60) would constitute a Qualifying Retirement.

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

  • Approved Retirement means any voluntary termination of employment that occurs on or after the date on which the sum of your age and years of employment with Deluxe and/or its Affiliates equals at least seventy-five (75) and that is approved by the Compensation Committee of the Board.

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

  • 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.

  • Disability retirement for plan 1 members, means the period

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

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

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

  • Qualified Retirement means the Participant’s voluntary termination of Service after reaching age 65 and completing 10 years of service with the Company, its Subsidiaries or predecessors.

  • 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.

  • Public employees retirement system means the retirement plan and program

  • Postponed Retirement Date means the first day of the month coincident with or next following a Participant’s date of actual retirement which occurs after his Normal Retirement Date.

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

  • 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)).

  • 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.

  • Normal Retirement Age means the Executive's 65th birthday.

  • Normal Retirement Date means the later of the Normal Retirement Age or Termination of Employment.

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

  • 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.

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

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

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