Retired Participant definition

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

Examples of Retired Participant in a sentence

  • In addition, in such event the Corporation shall have the right to recover any profits realized by such Retired Participant as a result of any exercise of the Option during the six-month period prior to the date such Retired Participant commenced providing such services to a competitor.

  • Notwithstanding the foregoing, in the event a Retired Participant provides services to a competitor of the Corporation or any of its Subsidiaries as an employee, consultant, director, officer, representative, independent contractor or otherwise, or otherwise competes with the business of the Corporation or its Subsidiaries (in each case as determined by the Administrator its sole discretion), the Option, to the extent not previously exercised, shall immediately terminate.

  • A Retired Participant, a Participant who has a Disability, or a Participant who is age 55 or older may submit a hardship distribution request to the Administrator in writing setting forth the reasons for the request.

  • No adjustment shall be made to any outstanding Awards of a Retired Participant for cash dividends paid on Stock during the Performance Period following the Retirement of the Participant.

  • Upon such retirement he will become a Retired Participant and his Accrued Benefit will become distributable to him.


More Definitions of Retired Participant

Retired Participant means a Participant who is no longer an Employee, but who is entitled to benefits in accordance with Article V.
Retired Participant means a Participant who elects to maintain an Account in the Plan after his/her Retirement Date.
Retired Participant means any Participant or former Participant who is entitled to benefits pursuant to Article III, IV or V.
Retired Participant means a participant who is no longer in Service and is receiving pension benefits under this Law;
Retired Participant means a Participant who retired in accordance ------------------- with the provisions of the Retirement Plan as heretofore or hereafter amended.
Retired Participant means any Participant who has ceased to be an employee of the Company or a Subsidiary and who is entitled to receive a benefit under Section 5 of the Plan.
Retired Participant means a Participant who has Separated from Service after attaining age 55 and completing at least 10 years of vesting service (as defined in the Pension Plan) or after age 65.