Examples of Rehired Participant in a sentence
In the event a Participant is a Rehired Participant, he/she will be eligible to receive notifications as specified in Section 2 and will be eligible to submit an Indication of Preference or Election to Defer as specified in Section 3, if the Participant agrees to the suspension of payments from his/her Deferred Compensation Account during the period of reemployment by the Company.
Any Rehired Participant (including former Grandfathered Participants and former participants in The Phoenix Companies, Inc.
Section 2.3B Re-employment -- Calculation of Accrued Benefit and Suspension of Benefit Payments Any Rehired Participant shall have annuity payments from the Plan suspended upon his Re-employment Commencement Date, and the provisions of Section 6.2A shall apply.
This Section 3.1 applies to each Newly Eligible Participant whose Commencement Date occurs after the first day of a calendar year but prior to November 1 of such calendar year (or such earlier date as specified by the Committee from time to time), excluding any Rehired Participant who as of the time of his Commencement Date has an Account balance in the Plan or has a Deferral Election on file for the calendar year.
In the calculation of the Accrued Benefit attributable to the Cash Balance Benefit for a Rehired Participant, the Cash Balance Account of such Rehired Participant shall be restored, adjusted according to the Periodic Interest Rate from any Annuity Starting Date, subject at any future Annuity Starting Date to the offset described in this Section 2.3B.
Notwithstanding Section 4.3(a), a Rehired Participant described in Section 4.3(a) who does not have an Account balance on his Commencement Date may file a new Payment Election with respect to future deferrals and Company Contributions during the open enrollment period that follows his or her Commencement Date.
This means that after completing six years in elementary and four years in high school, students have the options to take either vocational courses or the two-year pre- university program then proceed to their respective specializations.
A Rehired Participant described in this Section 4.3(a) shall not be permitted to make a Payment Election in accordance with Section 4.1(a).
Sexual Harassment:Sexual harassment is a form of discrimination and not only violates School Board policy, but also applicable local, state, and federal laws.
Notwithstanding anything in the Plan to the contrary, the value of all prior distributions from the Plan shall reduce the Actuarial Equivalent value of the Accrued Benefit for a Rehired Participant, and any of his FAP Benefit, Pension Equity Benefit, and any Cash Balance Benefit under the Plan, according to the source of the prior distribution.