Qualified Early Retirement Age definition

Qualified Early Retirement Age. For purposes of making distributions under the provisions of a Qualified Domestic Relations Order, the Plan's Qualified Early Retirement Age with regard to the Participant against whom the order is entered [x] shall [ ] shall not be the date the order is determined to be qualified. If "shall" is elected, this will only allow payout to the alternate payee(s).
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Qualified Early Retirement Age means the later of:
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Qualified Early Retirement Age means the latest of:
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Examples of Qualified Early Retirement Age in a sentence

  • In his deposition, Kirk Bjorling, who is employed as the City of Winston- Salem’s real estate administrator, testified that in a sale of property to a nonprofit carrying out a public purpose, “the deed and so forth would be drafted by the city attorney’s office.” (Docket No. 15, Ex. A, Bjorling Dep.

  • A Participant who is employed after attaining the Qualified Early Retirement Age will be given the opportunity to elect, during the Election Period, to have a survivor annuity payable on death.

  • The Election Period must begin at least 6 months before the Participant attains Qualified Early Retirement Age and end not more than 90 days before the commencement of benefits.

  • The election period begins on the later of (1) the 90th day before the Participant attains the Qualified Early Retirement Age, or (2) the date on which participation begins, and ends on the date the Participant terminates employment.

  • The election period must begin at least 6 months before the Participant attains Qualified Early Retirement Age and end not more than 90 days before the commencement of benefits.

  • The election period begins on the later of (1) the ninetieth (90) day before the Participant attains the Qualified Early Retirement Age, or (2) the date on which participation begins, and ends on the date the Participant terminates employment.

  • Notwithstanding the availability of the elections set forth above, in the event a Participant dies after attaining the Qualified Early Retirement Age while still employed by the Employer, but before reaching the Normal Retirement Date, the Participant's account balance as of the date of death shall be paid to the Participant's Spouse.

  • The election period begins on the later of (1) the ninetieth (90th) day before the Participant attains the Qualified Early Retirement Age, or (2) the date on which Participation begins, and ends on the date the Participant terminates employment.

  • A Participant who is employed after attaining the Qualified Early Retirement Age will be given the opportunity to elect, beginning on the later of (1) the 90th day before he or she attains his or her Qualified Early Retirement Age, or (2) the date on which participation begins, and ending on the date he or she terminates Employment, to have a survivor annuity payable on death.

  • For this purpose, the election period begins on the later of (1) the 90th day before the Participant attains the Qualified Early Retirement Age, or (2) the date on which participation begins, and ends on the date the Participant terminates employment.


More Definitions of Qualified Early Retirement Age

Qualified Early Retirement Age is the latest of (i) the earliest date under the Plan on which the Participant may elect to receive payments, (ii) the first day of the 120th month period beginning before the Participant reaches Normal Retirement Age, or (iii) the date the Participant begins participation.
Sample 1
Qualified Early Retirement Age. For purposes of making distributions under the provisions of a Qualified Domestic Relations Order, the Plan's Qualified Early Retirement Age with regard to the Participant against whom the Order is entered shall be the date the Order is determined to be qualified. This will only allow payout to the alternate payee(s). 3. (i) "Qualified Joint and Survivor Annuity" The safe-harbor provisions of paragraph 8.7 of the Plan [X] are [ ] are not applicable. If not applicable, the survivor annuity shall be __% (50%, 66-2/3% 75% or 100%) of the annuity payable during the lives of the Participant and Spouse. If no answer is specified, 50% will be used. 3. (j) "Taxable Wage Base" [paragraph 1.81] [x] (i) Not Applicable-Plan is not integrated with Social Security. [ ] (ii) The maximum earnings considered wages for such Plan Year under Code Section 3121(a). [ ] (iii) __% (not more than 100%) of the amount considered wages for such Plan Year under Code Section 3121(a). [ ] (iv) $____ provided that such amount is not in excess of the amount determined under subsection (ii)above. [ ] (v) For the 1989 Plan Year $10,000. For all subsequent Plan Years, 20% of the maximum earnings considered wages for such Plan Year under Code Section 3121(a). Protoype Cash or Deferred Profit-Sharing Plan #001 NOTE: Using less than the maximum at subsection (ii) may result in a change in the allocation formula in Section 7(f) hereof.
Sample 1
Qualified Early Retirement Age shall be given the opportunity to elect, during the election period, to have a survivor annuity payable on death. If the Participant elects the survivor annuity, payments under such annuity must not be less than the payments which would have been made to the Spouse under the "Qualified Joint and Survivor Annuity" if the Participant had retired on the day before his death. Any election under this provision shall be in writing and may be changed by the Participant at any time. The election period begins on the later of (1) the 90th day before the Participant attains the "Qualified Early Retirement Age",
Sample 1
Qualified Early Retirement Age. (as defined in Section 6.06(F)(4)(C)(1)); or
Sample 1

Related to Qualified Early Retirement Age

  • Early Retirement Age means the date that the Executive has attained age 55 and completed seven Years of Service.

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

  • Retirement Age means the earlier to occur of:

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

  • Early Retirement Date means the Retirement, as defined below, of the Executive on a date which occurs prior to the Executive attaining sixty-two (62) years of age, but after the Executive has attained fifty-five (55) years of age.

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

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

  • Normal Retirement Benefit means the benefit described in Section 2.1.

  • Social Security Retirement Age means the age used as the retirement age under Section 216(l) of the Social Security Act, applied without regard to the age increase factor and as if the early retirement age under Section 216(l)(2) of such Act were 62.

  • Retirement Eligible means that the Participant has either attained age 55 and completed ten (10) years of Service as an Employee or attained age 60 and completed five (5) years of Service as an Employee.

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

  • Normal Retirement means retirement from active employment with the Company or any Subsidiary on or after age 65.

  • Early Retirement means retirement, with consent of the Committee at the time of retirement, from active employment with the Company and any Subsidiary or Parent Corporation of the Company.

  • Disability retirement for plan 1 members, means the period

  • Retirement Date means the date as of which a Participant retires for reasons other than Total and Permanent Disability, whether such retirement occurs on a Participant's Normal Retirement Date or Late Retirement Date (see Section 6.1).

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

  • 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.

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

  • 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.

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

  • 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.

  • Qualified employment position means a permanent full-time

  • Qualified employee means an individual who:

  • 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.

  • Severance from Service Date means the earlier of:

  • Qualified employer means the federal government.