Examples of Supplemental Survivor Benefit in a sentence
The Supplemental Survivor Benefit shall be paid to the Participant’s Beneficiary(ies) in a lump sum payment no later than sixty (60) days after the Participant’s Benefit Distribution Date.
Due to Participant A’s $100,000 Plan II transfer deferral credit, and her $25,000 deferral credit under Plan I, her beneficiary receives a $250,000 Supplemental Survivor Benefit.
Except as otherwise expressly provided herein, all terms and conditions of the Qualified Plan applicable to a Qualified Plan Pension Benefit or a Qualified Plan Survivor Benefit shall also be applicable to a Supplemental Pension Benefit or a Supplemental Survivor Benefit payable hereunder.
No amendment or termination of the Plan shall directly or indirectly deprive any current or former Participant or Beneficiary of all or any portion of any Supplemental Pension Benefit or Supplemental Survivor Benefit, payment of which has commenced prior to the effective date of such amendment or termination, or that would be payable if the Participant terminated employment for any reason, including death on such effective date.
Notwithstanding anything to the contrary contained herein, any Beneficiary who commenced receiving payment of a Supplemental Survivor Benefit hereunder in the form of an annuity prior to January 1, 1995, pursuant to the terms of the Plan on the date payment of such Benefit commenced, shall continue to receive such payments from and after January l, l995 in the form of such annuity.
If a Supplemental Survivor Benefit shall be payable hereunder, such Benefit shall be payable in one lump sum payment, to be made according to the schedule for payment of a Qualified Plan Survivor Benefit as though it had commenced immediately.
If a Member dies prior to his or her Pension Commencement Date under circumstances in which a Qualified Plan Survivor Benefit is payable, then a Supplemental Survivor Benefit may be payable to his or her Beneficiary as hereinafter provided.
If a Participant dies prior to termination of employment under circumstances in which a Qualified Plan Survivor Benefit is payable to his Beneficiary, then a Supplemental Survivor Benefit is payable to his Beneficiary as hereinafter provided.
The Surviving Spouse of a Member described above who dies prior to the Member’s Pension Commencement Date shall be eligible to receive a Supplemental Survivor Benefit, as set forth below.
Notwithstanding the foregoing, the amount of a Member’s Supplemental Survivor Benefit shall not be less than zero.