Retirement Eligible Participant definition

Retirement Eligible Participant means any Participant who, as of the applicable date of determination, satisfies the requirements for Legacy Retirement Eligibility, 55/10 Retirement Eligibility or 62/10 Retirement Eligibility, as the case may be.
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Retirement Eligible Participant means a Participant who:
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Retirement Eligible Participant means an Eligible Participant who, as of December 31, 1999:
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Examples of Retirement Eligible Participant in a sentence

  • A Retirement Eligible Participant and, with respect to his Pre-2016 Accrued Benefit, a Non-Retirement Eligible Participant, shall become vested (i) in his SERP Benefit upon completion of three (3) Years of Senior Executive Officer Service and (ii) in his Restoration Benefit upon completion of five (5) Years of Vesting Service.

  • Account of $5,000 or Less and the Participant is not a Retirement Eligible Participant.

  • If the Participant's Account is $5,000 or less and he is not a Retirement Eligible Participant, the Participant's Account will be distributed in a single lump sum.

  • Account Exceeds $5,000 or the Participant is a Retirement Eligible Participant.

  • With respect to a Retirement Eligible Participant, any form of payment option the Retirement Eligible Participant may elect under the Plan, payable in accordance with the provisions in Section 5.1 (but without regard to any requirement of prior Termination of Employment), or payable in accordance with the provisions in Article VIII, if the Retirement Eligible Participant is deceased as of the Plan Termination Distribution Date.

  • If a Participant who also is a Retirement Eligible Participant receives Retirement Benefits during any time period when the Participant also is receiving Separation Pay, the Participant's Separation Pay shall be reduced by the amount of the Retirement Benefits received by the Participant during such time period, so that the aggregate pay received by such Participant does not exceed the Separation Pay Allowance.


More Definitions of Retirement Eligible Participant

Retirement Eligible Participant means, with respect to any Equity Award, any Participant who meets the age and service conditions to be eligible to qualify for “Retirement” (or similar term) under the terms of the award agreement governing such Equity Award and, as a result, is eligible for continued or accelerated vesting of all or any portion of such Equity Award upon a termination of employment due to such Retirement. For clarity, if the Participant is not eligible for continued or accelerated vesting of a portion of an Equity Award on Retirement under the terms of the award agreement (including because the Participant does not satisfy any applicable minimum service requirement after the
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Retirement Eligible Participant means a Participant who is eligible or becomes eligible to commence receiving Retirement Benefits during any time period when the Participant is receiving Separation Pay.
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Retirement Eligible Participant means any Participant (a) whose age plus Years of Service is equal to or greater than 70, or (b) who has been employed with the Company for a minimum of 5 years and whose age is equal to or greater than 62.
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Retirement Eligible Participant means an Eligible Participant who:
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Retirement Eligible Participant will mean a Participant who, at the time his employment terminates (within the meaning of Section 9.07):
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Related to Retirement Eligible Participant

  • 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.

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

  • 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.

  • 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.

  • 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.

  • 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).

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

  • Eligible employer means any municipality with a municipal

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

  • 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.

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

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

  • 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.

  • 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.

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

  • Plan Benefit means the benefit payable to a Participant as calculated in Article V.

  • Retirement Age means the earlier to occur of:

  • Eligible Participants means persons who, at a particular time, are employees, officers, consultants, or directors of the Company or its subsidiaries;

  • Disability retirement for plan 1 members, means the period

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

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

  • Separates from Service or “Separation from Service” means the Participant’s termination of service as a non‑employee director and as an employee of UGI for any reason other than death and shall be determined in accordance with section 409A of the Code.

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

  • Eligible Employees means each employee of the Company or an Affiliate.

  • Qualifying Employee means any employee of Managing Agent or Parent or any of their respective subsidiaries who is and has been an employee of Managing Agent or Parent or any of their respective subsidiaries for at least thirty-six (36) months.

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